Oregon Lottery Tax Calculator

Mon, Oct 5 drawing · Updated Oct 3, 2026

What a lottery prize is worth in Oregon after federal and state tax.

Game
467 million USDAdvertised annuity total
Official
192.4 million USDPublished cash option
More options

Estimated take-home

Cash option

$102.22M

Estimates only. Not tax or financial advice.

How we calculate

Cash option breakdown

Cash value$192,400,000
Federal income taxup to the 37% bracket−$71,138,000
Oregon tax−$19,045,844
Take-home$102,216,156

Final estimated taxes, not just withholding.

Annuity

$249.53MTotal over 30 payments

Today's value$130.01MAt 4% discount rate

Break-even return5.73%Annual discount rate matching the two after-tax payouts

Claim vs. final tax

At claim
$130.83M
After initial federal withholding (24%), plus state / local withholding
Additional federal tax
$24.96M
Due when you file your tax return

When you claim, the lottery withholds federal $46,176,000 (24%), Oregon $15,392,000, so you receive about $130,832,000. You would owe about $24,962,000 more federal tax when you file.

About your estimate

Game
Powerball
Jackpot
$467,000,000
Your state
Oregon
Filing status
Single

2026 tax brackets. Actual results may vary.

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See how the annuity grows
Annual take-home (after tax)
30 after-tax annuity payments. Exact amounts are listed in the payment table.$20.00M$15.00M$10.00M$5.00M$0Payment 1: $3,784,165 after taxPayment 2: $3,970,786 after taxPayment 3: $4,166,739 after taxPayment 4: $4,372,487 after taxPayment 5: $4,588,524 after taxPayment 6: $4,815,362 after taxPayment 7: $5,053,542 after taxPayment 8: $5,303,631 after taxPayment 9: $5,566,225 after taxPayment 10: $5,841,948 after taxPayment 11: $6,131,458 after taxPayment 12: $6,435,444 after taxPayment 13: $6,754,628 after taxPayment 14: $7,089,771 after taxPayment 15: $7,441,672 after taxPayment 16: $7,811,168 after taxPayment 17: $8,199,139 after taxPayment 18: $8,606,508 after taxPayment 19: $9,034,245 after taxPayment 20: $9,483,370 after taxPayment 21: $9,954,950 after taxPayment 22: $10,450,109 after taxPayment 23: $10,970,029 after taxPayment 24: $11,515,941 after taxPayment 25: $12,089,151 after taxPayment 26: $12,691,021 after taxPayment 27: $13,322,984 after taxPayment 28: $13,986,545 after taxPayment 29: $14,683,284 after taxPayment 30: $15,414,861 after tax130Payment year

First payment $7,029,020 before tax ($3,784,165 after). Each later payment is 5% larger.

Estimates only — not tax or financial advice. How we calculate.

Does Oregon tax lottery winnings?

Yes. Oregon taxes lottery prizes as ordinary income, at rates up to 9.9% in 2026. Oregon withholds 8% for state tax on prizes of $1,500 or more when the prize is paid. Withholding is a prepayment: most of a large prize is taxed at the top rate of 9.9%, so expect to pay the difference when you file.

Source: Oregon Lottery (“withholds an 8% state tax”), checked October 1, 2026.

Oregon lottery payout after taxes

A single winner living in Oregon who takes the cash option on the $467 Million Powerball jackpot keeps about $102,216,156, after about $71,138,000 in federal tax and $19,045,844 in Oregon tax. Recalculated daily.

GameOregon tax (lump sum)Lump sum take-homeAnnuity take-home (30 payments)
Powerball$467 Million jackpot · $192.4 Million cash$19,045,844$102,216,156$249,529,689
Mega Millions$345 Million jackpot · $139.6 Million cash$13,818,644$74,179,356$184,747,688

How much is $1 million after taxes in Oregon?

About $582,756. A single filer with no other income pays about $320,000 in federal tax and $97,244 in Oregon tax on a $1,000,000 prize. When you claim, $320,000 is withheld, and the rest of the tax is due when you file.

Prize (cash)Federal taxOregon taxTake-home
$1,000,000$320,000$97,244$582,756
$2,000,000$690,000$196,244$1,113,756
$10,000,000$3,650,000$988,244$5,361,756
$100,000,000$36,950,000$9,898,244$53,151,756
$1,000,000,000$369,950,000$98,998,244$531,051,756

Lump sum, single filer with no other income, 2026 federal and Oregon rates. A $2,000,000 prize is the Powerball or Mega Millions match-5 prize with the multiplier.

Claiming in Oregon: validate first, then 60 days to choose

  • An Oregon jackpot winner can validate the ticket first and then has 60 days from that date to choose the lump sum or the 30-year annuity (Oregon Lottery).
  • Prizes of $50,000 and above are claimed by appointment at the Salem or Wilsonville Prize Payment Center (Oregon Lottery).

Can you stay anonymous in Oregon?

Yes. Name and address disclosure requires written authorization under the 2025 anonymity law (source). The guide to what to do if you win the lottery compares the rules in every state.

Billion-dollar jackpots won in Oregon

One of the largest lottery jackpots was sold in Oregon. Take-home is for a single Oregon resident at 2026 rates.

DrawingJackpotLump sum take-home today
Powerball, April 6, 2024$1.33 Billion$329,802,756

Oregon compared with neighboring states

$467 Million Powerball jackpot, lump sum, by state of residence. Every neighbor does better: a winner living in Washington keeps $19,045,844 more than an Oregon resident. Nevada does not sell lottery tickets, so residents buy them in a neighboring state.

State of residenceState & local taxLump sum take-home
Washington$0$121,262,000
NevadaNo lottery sales$0$121,262,000
California$0$121,262,000
Idaho$10,196,945$111,065,055
Oregon$19,045,844$102,216,156

Assumes the ticket was bought in the state of residence. Taxes on lottery winnings explains what happens when you buy in another state.

Estimates for a single filer with no other income unless noted. Formulas and sources: methodology. Every state's rates: lottery tax by state.