The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025 |
Draw Date |
Tue Jun 10, 2025 |
Projected Jackpot |
$243,000,000 |
Cash Value |
$108,000,000 |
Lumpsum Option Taxes and Payment |
Cash Gross Payment |
$108,000,000 |
Federal Tax(24%) |
$25,920,000 |
Additional Federal Tax |
$14,000,330 |
State Tax(8%) |
$8,640,000 |
Net Lumpsum Payment |
$59,439,670 |
Annuity Payment in 30 Installations |
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,657,393 |
$1,313,566
$292,591 |
$2,051,236 |
2 |
$3,840,372 |
$1,381,268
$307,230 |
$2,151,874 |
3 |
$4,032,342 |
$1,452,297
$322,587 |
$2,257,458 |
4 |
$4,234,032 |
$1,526,922
$338,723 |
$2,368,387 |
5 |
$4,445,685 |
$1,605,234
$355,655 |
$2,484,796 |
6 |
$4,668,030 |
$1,687,501
$373,442 |
$2,607,087 |
7 |
$4,901,310 |
$1,773,815
$392,105 |
$2,735,390 |
8 |
$5,146,497 |
$1,864,534
$411,720 |
$2,870,243 |
9 |
$5,403,834 |
$1,959,749
$432,307 |
$3,011,778 |
10 |
$5,674,050 |
$2,059,729
$453,924 |
$3,160,397 |
11 |
$5,957,631 |
$2,164,654
$476,610 |
$3,316,367 |
12 |
$6,255,549 |
$2,274,884
$500,444 |
$3,480,221 |
13 |
$6,568,290 |
$2,390,598
$525,463 |
$3,652,229 |
14 |
$6,896,826 |
$2,512,156
$551,746 |
$3,832,924 |
15 |
$7,241,643 |
$2,639,738
$579,331 |
$4,022,574 |
16 |
$7,603,713 |
$2,773,704
$608,297 |
$4,221,712 |
17 |
$7,983,765 |
$2,914,323
$638,701 |
$4,430,741 |
18 |
$8,383,014 |
$3,062,046
$670,641 |
$4,650,327 |
19 |
$8,802,189 |
$3,217,140
$704,175 |
$4,880,874 |
20 |
$9,242,262 |
$3,379,967
$739,381 |
$5,122,914 |
21 |
$9,704,448 |
$3,550,976
$776,356 |
$5,377,116 |
22 |
$10,189,719 |
$3,730,526
$815,178 |
$5,644,015 |
23 |
$10,699,047 |
$3,918,978
$855,924 |
$5,924,145 |
24 |
$11,234,133 |
$4,116,960
$898,731 |
$6,218,442 |
25 |
$11,795,706 |
$4,324,742
$943,656 |
$6,527,308 |
26 |
$12,385,710 |
$4,543,043
$990,857 |
$6,851,810 |
27 |
$13,004,874 |
$4,772,134
$1,040,390 |
$7,192,350 |
28 |
$13,655,142 |
$5,012,733
$1,092,411 |
$7,549,998 |
29 |
$14,337,972 |
$5,265,380
$1,147,038 |
$7,925,554 |
30 |
$15,054,822 |
$5,530,615
$1,204,386 |
$8,319,821 |
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