The jackpot for the MEGA Millions draw on Fri Oct 23, 2026, is projected to be $433 Million, with an option for a cash payout of $178.6 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 Oct 23, 2026 |
|---|
| Draw Date | Fri Oct 23, 2026 | | Projected Jackpot | $433,000,000 | | Cash Value | $178,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $178,600,000 | | Federal Tax(24%) | $42,864,000 | | Additional Federal Tax | $23,178,330 | | State Tax(8%) | $14,288,000 | | Net Lumpsum Payment | $98,269,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,517,083 |
$2,371,651
$521,367 |
$3,624,065 |
| 2 |
$6,843,132 |
$2,492,289
$547,451 |
$3,803,392 |
| 3 |
$7,185,202 |
$2,618,855
$574,816 |
$3,991,531 |
| 4 |
$7,544,592 |
$2,751,829
$603,567 |
$4,189,196 |
| 5 |
$7,921,735 |
$2,891,372
$633,739 |
$4,396,624 |
| 6 |
$8,317,930 |
$3,037,964
$665,434 |
$4,614,532 |
| 7 |
$8,733,610 |
$3,191,766
$698,689 |
$4,843,155 |
| 8 |
$9,170,507 |
$3,353,418
$733,641 |
$5,083,448 |
| 9 |
$9,629,054 |
$3,523,080
$770,324 |
$5,335,650 |
| 10 |
$10,110,550 |
$3,701,234
$808,844 |
$5,600,472 |
| 11 |
$10,615,861 |
$3,888,199
$849,269 |
$5,878,393 |
| 12 |
$11,146,719 |
$4,084,616
$891,738 |
$6,170,365 |
| 13 |
$11,703,990 |
$4,290,807
$936,319 |
$6,476,864 |
| 14 |
$12,289,406 |
$4,507,411
$983,152 |
$6,798,843 |
| 15 |
$12,903,833 |
$4,734,749
$1,032,307 |
$7,136,777 |
| 16 |
$13,549,003 |
$4,973,461
$1,083,920 |
$7,491,622 |
| 17 |
$14,226,215 |
$5,224,030
$1,138,097 |
$7,864,088 |
| 18 |
$14,937,634 |
$5,487,255
$1,195,011 |
$8,255,368 |
| 19 |
$15,684,559 |
$5,763,617
$1,254,765 |
$8,666,177 |
| 20 |
$16,468,722 |
$6,053,758
$1,317,498 |
$9,097,466 |
| 21 |
$17,292,288 |
$6,358,477
$1,383,383 |
$9,550,428 |
| 22 |
$18,156,989 |
$6,678,416
$1,452,559 |
$10,026,014 |
| 23 |
$19,064,557 |
$7,014,216
$1,525,165 |
$10,525,176 |
| 24 |
$20,018,023 |
$7,366,999
$1,601,442 |
$11,049,582 |
| 25 |
$21,018,686 |
$7,737,244
$1,681,495 |
$11,599,947 |
| 26 |
$22,070,010 |
$8,126,234
$1,765,601 |
$12,178,175 |
| 27 |
$23,173,294 |
$8,534,449
$1,853,864 |
$12,784,981 |
| 28 |
$24,332,002 |
$8,963,171
$1,946,560 |
$13,422,271 |
| 29 |
$25,548,732 |
$9,413,361
$2,043,899 |
$14,091,472 |
| 30 |
$26,826,082 |
$9,885,981
$2,146,087 |
$14,794,014 |
|
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