The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 17, 2025 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $288,800,000 | | Federal Tax(24%) | $69,312,000 | | Additional Federal Tax | $37,504,330 | | State Tax(8%) | $23,104,000 | | Net Lumpsum Payment | $158,879,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$752,550 |
$5,213,451 |
| 2 |
$9,877,500 |
$3,615,005
$790,200 |
$5,472,295 |
| 3 |
$10,371,250 |
$3,797,693
$829,700 |
$5,743,857 |
| 4 |
$10,890,000 |
$3,989,630
$871,200 |
$6,029,170 |
| 5 |
$11,434,375 |
$4,191,049
$914,750 |
$6,328,576 |
| 6 |
$12,006,250 |
$4,402,643
$960,500 |
$6,643,107 |
| 7 |
$12,606,250 |
$4,624,643
$1,008,500 |
$6,973,107 |
| 8 |
$13,236,875 |
$4,857,974
$1,058,950 |
$7,319,951 |
| 9 |
$13,898,750 |
$5,102,868
$1,111,900 |
$7,683,982 |
| 10 |
$14,593,750 |
$5,360,018
$1,167,500 |
$8,066,232 |
| 11 |
$15,323,125 |
$5,629,887
$1,225,850 |
$8,467,388 |
| 12 |
$16,089,375 |
$5,913,399
$1,287,150 |
$8,888,826 |
| 13 |
$16,893,750 |
$6,211,018
$1,351,500 |
$9,331,232 |
| 14 |
$17,738,750 |
$6,523,668
$1,419,100 |
$9,795,982 |
| 15 |
$18,625,625 |
$6,851,812
$1,490,050 |
$10,283,763 |
| 16 |
$19,556,875 |
$7,196,374
$1,564,550 |
$10,795,951 |
| 17 |
$20,534,375 |
$7,558,049
$1,642,750 |
$11,333,576 |
| 18 |
$21,561,250 |
$7,937,993
$1,724,900 |
$11,898,357 |
| 19 |
$22,639,375 |
$8,336,899
$1,811,150 |
$12,491,326 |
| 20 |
$23,771,250 |
$8,755,693
$1,901,700 |
$13,113,857 |
| 21 |
$24,960,000 |
$9,195,530
$1,996,800 |
$13,767,670 |
| 22 |
$26,208,125 |
$9,657,337
$2,096,650 |
$14,454,138 |
| 23 |
$27,518,125 |
$10,142,037
$2,201,450 |
$15,174,638 |
| 24 |
$28,894,375 |
$10,651,249
$2,311,550 |
$15,931,576 |
| 25 |
$30,338,750 |
$11,185,668
$2,427,100 |
$16,725,982 |
| 26 |
$31,856,250 |
$11,747,143
$2,548,500 |
$17,560,607 |
| 27 |
$33,448,750 |
$12,336,368
$2,675,900 |
$18,436,482 |
| 28 |
$35,121,250 |
$12,955,193
$2,809,700 |
$19,356,357 |
| 29 |
$36,877,500 |
$13,605,005
$2,950,200 |
$20,322,295 |
| 30 |
$38,721,250 |
$14,287,193
$3,097,700 |
$21,336,357 |
|
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