More than that, if you live outside the United States, you may also have to deal with your local tax laws. Plus, if you played using an online lottery agent service, you may have to settle other fees as well (depending on the service you used). For prizes $50,000 and above, you will have to go to the Oregon Lottery headquarters in Salem to collect your prize.Īlso note that prizes are not tax-free and are subjected to local and federal taxes. For Prizes below $50,000, you can redeem your winning ticket at Wilsonville payment center.

That said, there are some cases wherein Oregon Megabucks officials may allow you to switch to a lump sum payout scheme, so long as payments have not been made out to you.įor secondary prize winners, you can claim prizes $600 or less from any Oregon Lottery retailer. You have a total of 60 days to make your decision, and if you fail to make your choice before the deadline, your prize will automatically be paid out as an annuity. Meanwhile, going for the annuity option means your winnings will be paid out to you in installments over the course of 30 years. Going for the lump sum option means you’ll be paid all your winnings – around a half of the advertised jackpot – in one single transaction. Jackpot winners must choose between a lump sum or annuity payout.

Oregon (OR) Megabucks Lottery Results.Powerball Calculator: Payout, Tax & Annuity Explained.Mega Millions Payout Calculator: Payout, Tax & Annuity Explained.Lottery Odds Calculator: Calculate Your Odds of Winning The Lottery.

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