The jackpot for the MEGA Millions draw on Fri Aug 15, 2025, is projected to be $198 Million, with an option for a cash payout of $89.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Oregon residents, the state will deduct 8% from your lottery earnings.
| Oregon MEGA Millions Jackpot/Cash Option for Fri Aug 15, 2025 |
|---|
| Draw Date | Fri Aug 15, 2025 | | Projected Jackpot | $198,000,000 | | Cash Value | $89,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $89,300,000 | | Federal Tax(24%) | $21,432,000 | | Additional Federal Tax | $11,569,330 | | State Tax(8%) | $7,144,000 | | Net Lumpsum Payment | $49,154,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,980,098 |
$1,062,967
$238,408 |
$1,678,723 |
| 2 |
$3,129,192 |
$1,118,131
$250,335 |
$1,760,726 |
| 3 |
$3,285,612 |
$1,176,007
$262,849 |
$1,846,756 |
| 4 |
$3,449,952 |
$1,236,813
$275,996 |
$1,937,143 |
| 5 |
$3,622,410 |
$1,300,622
$289,793 |
$2,031,995 |
| 6 |
$3,803,580 |
$1,367,655
$304,286 |
$2,131,639 |
| 7 |
$3,993,660 |
$1,437,985
$319,493 |
$2,236,182 |
| 8 |
$4,193,442 |
$1,511,904
$335,475 |
$2,346,063 |
| 9 |
$4,403,124 |
$1,589,486
$352,250 |
$2,461,388 |
| 10 |
$4,623,300 |
$1,670,951
$369,864 |
$2,582,485 |
| 11 |
$4,854,366 |
$1,756,446
$388,349 |
$2,709,571 |
| 12 |
$5,097,114 |
$1,846,263
$407,769 |
$2,843,082 |
| 13 |
$5,351,940 |
$1,940,548
$428,155 |
$2,983,237 |
| 14 |
$5,619,636 |
$2,039,596
$449,571 |
$3,130,469 |
| 15 |
$5,900,598 |
$2,143,552
$472,048 |
$3,284,998 |
| 16 |
$6,195,618 |
$2,252,709
$495,649 |
$3,447,260 |
| 17 |
$6,505,290 |
$2,367,288
$520,423 |
$3,617,579 |
| 18 |
$6,830,604 |
$2,487,654
$546,448 |
$3,796,502 |
| 19 |
$7,172,154 |
$2,614,027
$573,772 |
$3,984,355 |
| 20 |
$7,530,732 |
$2,746,701
$602,459 |
$4,181,572 |
| 21 |
$7,907,328 |
$2,886,042
$632,586 |
$4,388,700 |
| 22 |
$8,302,734 |
$3,032,342
$664,219 |
$4,606,173 |
| 23 |
$8,717,742 |
$3,185,895
$697,419 |
$4,834,428 |
| 24 |
$9,153,738 |
$3,347,213
$732,299 |
$5,074,226 |
| 25 |
$9,611,316 |
$3,516,517
$768,905 |
$5,325,894 |
| 26 |
$10,092,060 |
$3,694,393
$807,365 |
$5,590,302 |
| 27 |
$10,596,564 |
$3,881,059
$847,725 |
$5,867,780 |
| 28 |
$11,126,412 |
$4,077,103
$890,113 |
$6,159,196 |
| 29 |
$11,682,792 |
$4,282,963
$934,623 |
$6,465,206 |
| 30 |
$12,266,892 |
$4,499,080
$981,351 |
$6,786,461 |
|
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