The jackpot for the MEGA Millions draw on Tue May 27, 2025, is projected to be $173 Million, with an option for a cash payout of $75.7 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 Tue May 27, 2025 |
|---|
| Draw Date | Tue May 27, 2025 | | Projected Jackpot | $173,000,000 | | Cash Value | $75,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,700,000 | | Federal Tax(24%) | $18,168,000 | | Additional Federal Tax | $9,801,330 | | State Tax(8%) | $6,056,000 | | Net Lumpsum Payment | $41,674,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,603,823 |
$923,745
$208,306 |
$1,471,772 |
| 2 |
$2,734,092 |
$971,944
$218,727 |
$1,543,421 |
| 3 |
$2,870,762 |
$1,022,512
$229,661 |
$1,618,589 |
| 4 |
$3,014,352 |
$1,075,641
$241,148 |
$1,697,563 |
| 5 |
$3,165,035 |
$1,131,393
$253,203 |
$1,780,439 |
| 6 |
$3,323,330 |
$1,189,962
$265,866 |
$1,867,502 |
| 7 |
$3,489,410 |
$1,251,412
$279,153 |
$1,958,845 |
| 8 |
$3,663,967 |
$1,315,998
$293,117 |
$2,054,852 |
| 9 |
$3,847,174 |
$1,383,785
$307,774 |
$2,155,615 |
| 10 |
$4,039,550 |
$1,454,964
$323,164 |
$2,261,422 |
| 11 |
$4,241,441 |
$1,529,664
$339,315 |
$2,372,462 |
| 12 |
$4,453,539 |
$1,608,140
$356,283 |
$2,489,116 |
| 13 |
$4,676,190 |
$1,690,521
$374,095 |
$2,611,574 |
| 14 |
$4,910,086 |
$1,777,062
$392,807 |
$2,740,217 |
| 15 |
$5,155,573 |
$1,867,892
$412,446 |
$2,875,235 |
| 16 |
$5,413,343 |
$1,963,267
$433,067 |
$3,017,009 |
| 17 |
$5,683,915 |
$2,063,379
$454,713 |
$3,165,823 |
| 18 |
$5,968,154 |
$2,168,547
$477,452 |
$3,322,155 |
| 19 |
$6,266,579 |
$2,278,965
$501,326 |
$3,486,288 |
| 20 |
$6,579,882 |
$2,394,887
$526,391 |
$3,658,604 |
| 21 |
$6,908,928 |
$2,516,634
$552,714 |
$3,839,580 |
| 22 |
$7,254,409 |
$2,644,462
$580,353 |
$4,029,594 |
| 23 |
$7,617,017 |
$2,778,627
$609,361 |
$4,229,029 |
| 24 |
$7,997,963 |
$2,919,577
$639,837 |
$4,438,549 |
| 25 |
$8,397,766 |
$3,067,504
$671,821 |
$4,658,441 |
| 26 |
$8,817,810 |
$3,222,920
$705,425 |
$4,889,465 |
| 27 |
$9,258,614 |
$3,386,018
$740,689 |
$5,131,907 |
| 28 |
$9,721,562 |
$3,557,308
$777,725 |
$5,386,529 |
| 29 |
$10,207,692 |
$3,737,176
$816,615 |
$5,653,901 |
| 30 |
$10,718,042 |
$3,926,006
$857,443 |
$5,934,593 |
|
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