The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(8%) | $10,288,000 | | Net Lumpsum Payment | $70,769,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$356,408 |
$2,489,972 |
| 2 |
$4,677,984 |
$1,691,184
$374,239 |
$2,612,561 |
| 3 |
$4,911,824 |
$1,777,705
$392,946 |
$2,741,173 |
| 4 |
$5,157,504 |
$1,868,607
$412,600 |
$2,876,297 |
| 5 |
$5,415,320 |
$1,963,999
$433,226 |
$3,018,095 |
| 6 |
$5,686,160 |
$2,064,210
$454,893 |
$3,167,057 |
| 7 |
$5,970,320 |
$2,169,349
$477,626 |
$3,323,345 |
| 8 |
$6,268,984 |
$2,279,854
$501,519 |
$3,487,611 |
| 9 |
$6,582,448 |
$2,395,836
$526,596 |
$3,660,016 |
| 10 |
$6,911,600 |
$2,517,622
$552,928 |
$3,841,050 |
| 11 |
$7,257,032 |
$2,645,432
$580,563 |
$4,031,037 |
| 12 |
$7,619,928 |
$2,779,704
$609,594 |
$4,230,630 |
| 13 |
$8,000,880 |
$2,920,656
$640,070 |
$4,440,154 |
| 14 |
$8,401,072 |
$3,068,727
$672,086 |
$4,660,259 |
| 15 |
$8,821,096 |
$3,224,136
$705,688 |
$4,891,272 |
| 16 |
$9,262,136 |
$3,387,321
$740,971 |
$5,133,844 |
| 17 |
$9,725,080 |
$3,558,610
$778,006 |
$5,388,464 |
| 18 |
$10,211,408 |
$3,738,551
$816,913 |
$5,655,944 |
| 19 |
$10,722,008 |
$3,927,473
$857,761 |
$5,936,774 |
| 20 |
$11,258,064 |
$4,125,814
$900,645 |
$6,231,605 |
| 21 |
$11,821,056 |
$4,334,121
$945,684 |
$6,541,251 |
| 22 |
$12,412,168 |
$4,552,833
$992,973 |
$6,866,362 |
| 23 |
$13,032,584 |
$4,782,386
$1,042,607 |
$7,207,591 |
| 24 |
$13,684,376 |
$5,023,550
$1,094,750 |
$7,566,076 |
| 25 |
$14,368,432 |
$5,276,650
$1,149,475 |
$7,942,307 |
| 26 |
$15,087,120 |
$5,542,565
$1,206,970 |
$8,337,585 |
| 27 |
$15,841,328 |
$5,821,622
$1,267,306 |
$8,752,400 |
| 28 |
$16,633,424 |
$6,114,697
$1,330,674 |
$9,188,053 |
| 29 |
$17,465,184 |
$6,422,448
$1,397,215 |
$9,645,521 |
| 30 |
$18,338,384 |
$6,745,532
$1,467,071 |
$10,125,781 |
|
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