Oregon Megabucks is a mid-range lottery that offers tri-weekly draws. Prizes are pari-mutuel and jackpots can keep growing until a winner is declared. It’s an easy game to understand, plus you can also add a multiplier to your purchase to win quadruple the advertised secondary tier prizes. What else does Oregon Megabucks have on tap? Join me as I take a closer look!
The Oregon Lottery began when an amendment to the Oregon Constitution enabled its existence. During the 1984 general elections, it was approved by voters. It is run by the state and is a part of the Multi-State Lottery Association (or MUSL), and has introduced a multitude of games over the years.
One of those games is the Oregon Megabucks, which was one of the first games they introduced in 1985. Not long after its introduction, the Oregon Megabucks added lump sum and annuity payout options in 1990—the first US-based lottery game to have done so at the time. Over the years it has become the flagship game of the Oregon Lottery, and is usually advertised or referred to as “Oregon’s Game”.
Oregon Megabucks is a pretty easy lottery to grasp. Thanks to its simple mechanics, even lottery novices will have no difficulty understanding the ins and outs of the game. How simple is it? To play, you simply pick six numbers from a selection pool of 1 to 48. To win the jackpot, all six of your numbers must match the winning numbers drawn. Top prizes start at $1 million and can rollover to the next drawing.
Of course, like other lotteries, you can also win by matching less numbers. Unlike other games, however, you can only win in four prize divisions—and you need to match at least 3 numbers to win. The good news is that Oregon Megabucks has some pretty favorable odds (more on this later), not to mention a fantastic multiplier feature.
The Kicker is Oregon Megabucks’ answer to the likes of Powerball’s Power Play or Mega Million’s Megaplier. Essentially, if you add the $1 Kicker to your purchase, it allows secondary prizes to be multiplied by up to four times. For example, if you win in a prize tier that offers $4,000, applying the Kicker would net you $16,000. Check out the table below to get a better sense of the prize breakdown when the Kicker is applied:
As I’ve mentioned earlier, Oregon Megabucks offers some pretty good odds. Compared to mega lotteries, your chances of winning here are far better—despite the fewer prize tiers. Check it out for yourself below:
Winners must choose between a lump sum or annuity payout. 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. Meanwhile, going for the annuity option means your winnings will be paid out to you in installments over the course of 30 years.
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. 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.
Also note that prizes are not tax-free and are subjected to local and federal taxes. 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). More than that, if you live outside the United States, you may also have to deal with your local tax laws.
Over the years, the Oregon Megabucks lottery has produced a ton of millionaires—thanks to the generally favorable odds. Below are some of the biggest winners so far:
Tons of people have won millions in Oregon Megabucks–the next could be YOU!
Oregon Megabucks might not offer prizes that go up to 9-figure sums, but this mid-range lottery definitely has something for lottery fans to chew on. Its mechanics are dead simple, the odds are quite good, draws are held three times a week, and the Kicker multiplier allows lower tier winners to take home quadruple the normal prize. It’s not the best—nor the most lucrative—lottery out there, but the simplicity plus the good odds are reasons enough to check Oregon Megabucks out.
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