Oregon Lottery Tax Calculator

Sat, Oct 24 drawing · Updated Oct 21, 2026

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

Game
674 million USDAdvertised annuity total
Official
283.9 million USDPublished cash option
More options

Estimated take-home

Cash option

$150.80M

Estimates only. Not tax or financial advice.

How we calculate

Cash option breakdown

Cash value$283,900,000
Federal income taxup to the 37% bracket−$104,993,000
Oregon tax−$28,104,344
Take-home$150,802,656

Final estimated taxes, not just withholding. Oregon estimate excludes state deductions, credits and Portland-area local taxes. Sources & assumptions.

Annuity

$359.45MTotal over 30 payments

Today's value$187.23MAt 4% discount rate

Break-even return5.55%Annual discount rate matching the two after-tax payouts

Claim vs. final tax

At claim
$193.05M
After initial federal withholding (24%), plus state / local withholding
Additional federal tax
$36.86M
Due when you file your tax return

When you claim, the lottery withholds federal $68,136,000 (24%), Oregon $22,712,000, so you receive about $193,052,000. You would owe about $36,857,000 more federal tax when you file.

About your estimate

Game
Powerball
Jackpot
$674,000,000
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.$25.00M$18.75M$12.50M$6.25M$0Payment 1: $5,438,574 after taxPayment 2: $5,707,916 after taxPayment 3: $5,990,723 after taxPayment 4: $6,287,671 after taxPayment 5: $6,599,467 after taxPayment 6: $6,926,854 after taxPayment 7: $7,270,608 after taxPayment 8: $7,631,551 after taxPayment 9: $8,010,540 after taxPayment 10: $8,408,480 after taxPayment 11: $8,826,316 after taxPayment 12: $9,265,044 after taxPayment 13: $9,725,708 after taxPayment 14: $10,209,405 after taxPayment 15: $10,717,288 after taxPayment 16: $11,250,565 after taxPayment 17: $11,810,504 after taxPayment 18: $12,398,442 after taxPayment 19: $13,015,777 after taxPayment 20: $13,663,978 after taxPayment 21: $14,344,588 after taxPayment 22: $15,059,230 after taxPayment 23: $15,809,605 after taxPayment 24: $16,597,496 after taxPayment 25: $17,424,783 after taxPayment 26: $18,293,435 after taxPayment 27: $19,205,519 after taxPayment 28: $20,163,207 after taxPayment 29: $21,168,780 after taxPayment 30: $22,224,631 after tax130Payment year

First payment $10,144,667 before tax ($5,438,574 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.

State withholding is not your final Oregon tax

For a $1 million cash prize, state withholding is $80,000 and the bracket-only state estimate is $97,244. The difference is $17,244 before state deductions or credits. The $582,756 total take-home also excludes Portland-area local taxes. These omissions matter: the result is a state-and-federal estimate, not a complete local tax return.

For comparison, a $10,000 cash prize on top of $60,000 of other income adds $1,550 in federal tax and $875 in modeled Oregon tax, leaving $7,575 from the prize. The estimate subtracts tax on the existing income so that only the prize’s additional tax is charged.

Illustrative 2026 calculation, not a reported payout. Rule source. Model assumptions and corrections.

Oregon lottery payout after taxes

A single winner living in Oregon who takes the cash option on the $674 Million Powerball jackpot keeps about $150,802,656, after about $104,993,000 in federal tax and $28,104,344 in Oregon tax. Recalculated daily.

GameOregon tax (lump sum)Lump sum take-homeAnnuity take-home (30 payments)
Powerball$674 Million jackpot · $283.9 Million cash$28,104,344$150,802,656$359,446,685
Mega Millions$443 Million jackpot · $186.5 Million cash$18,461,744$99,083,256$236,785,687

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. Smaller prizes and other states: lottery winnings after taxes by amount.

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

$674 Million Powerball jackpot, lump sum, by state of residence. Every neighbor does better: a winner living in Washington keeps $28,104,344 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$178,907,000
NevadaNo lottery sales$0$178,907,000
California$0$178,907,000
Idaho$15,046,445$163,860,555
Oregon$28,104,344$150,802,656

Hypothetical residence-tax comparison only. Tax imposed by the ticket-selling state and credits for tax paid elsewhere are excluded; this is especially important for residents of states without lottery sales. 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.