Lottery "Oregon MegaBucks"
The Oregon Megabucks is the largest lottery game in the state of Oregon. It permits players from other states and even internationally so anyone is welcome to play. It is a mid-range game when it comes to jackpots, but has a good odds of winning a prize at 1 in 25.53. The high odds make this a very fun game to consider. Keep in mind, however, that the lowest level prize is just a free ticket to the next drawing (unless you play the ‘kicker’ which I’ll explain shortly). The game has been around since 1985 and is run by the State of Oregon. The largest jackpot to date was in 2004 when it reached $30 Million. Another nice thing about this lottery is that it is played three times per week (Monday, Wednesday, Saturday) so there are plenty of opportunities for fun.
This game lets you choose six numbers out of 48 for each game play. You can also choose to pay an extra dollar per line for the ‘Kicker.’ If you play the kicker the prize you win will be multiplied by four (with the exception of the jackpot). While it will cost extra, you’ll really kick yourself if you win a prize without it so most people end up playing with the kicker option.
The following games (including those retired) have been offered by the Lottery:
# In 1985, Megabucks, an in-house jackpot game, was introduced. Megabucks, in 1990, was the first US lottery game to give players a choice of lump sum or annuity, should they win the top prize. It has become Oregon Lottery's flagship game, and is referred to in promotional advertising as "Oregon's Game".
# In 1985, Scratch-it games were introduced.
# In 1987, "Breakopen" games were introduced; they were discontinued in 2009.
# In 1988, as a charter member of MUSL, Oregon helped launch Lotto*America, which became Powerball in 1992. Four Powerball jackpots have been won in Oregon; a $38.4 million winner from Eugene in 1992; a $33.8 million winner from Beaverton in 1999; a family from Jacksonville won a then-record $340 million jackpot in 2005; and in March 2007 a man from Milwaukie, won a $182.7 million jackpot. Powerball's cash option began in 1997.
# In 1989, the lottery added Sports Action, a parlay game that enabled betting on National Football League (NFL) games. In 1989, National Basketball Association (NBA) games were added (excluding games involving the Oregon-based Portland Trail Blazers); wagering on basketball was discontinued in 1990. In 2005, a bill was signed that ended football wagering at the conclusion of the 2006–2007 NFL season. (Sports wagering also is legal in Delaware, Montana, and Nevada.
# In 1991, a keno game began.
# In 1992, the Lottery began video lottery games that included versions of draw poker. Video lottery games are a type of slot machine known as a Video Lottery Terminal.
# In 2001, Win for Life, which awards its top prize as a lifetime weekly annuity, was introduced; unlike the other U.S. "lifetime payout" draw games (Cash4Life and Lucky for Life; the latter available in Idaho beginning January 27, 2015) there is no cash option for Oregon WFL top-prize winners.
# In 2005, "line" games were added to video lottery terminals.
# In 2006, the tic-tac-toe-style game, Lucky Lines, was launched by the Lottery.
# In 2009, the first raffle drawing was conducted.
# In 2010, Oregon added Mega Millions.
# In 2011, Oregon's video lottery added Platinum Spin Series games with prizes over $600.
There are only four prize levels, which is quite low compared to many other lottery games. The first three prize levels are pari-mutuel, which means a set amount is set aside each drawing and all the winners split that amount. This can dramatically change the winning amount in some drawings. None the less, you can’t win any of them if you don’t play so why not at least give it a try. The prize levels are:
# Jackpot – Match 6 out of 6 Numbers
# First Prize – Match 5 out of 6 Numbers
# Second Prize – Match 4 out of 6 Numbers
# Third Prize – Match 3 out of 6 Numbers (Prize is a free ticket, or $4 with the Kicker option)
The odds of winning any prize are 1 in 25.53, which really isn’t too bad but it is not the best odds I have seen either. The following are the odds for each prize level:
# Jackpot – 1 in 6,135,756.00
# First Prize – 1 in 24,348.49
# Second Prize – 1 in 475.34
# Third Prize – 1 in 26.98
Like most US lotteries, you can collect any prizes up to $600 from an authorized lotto retailer. Any prizes above $600 must be claimed at an Oregon state lottery office. If you win the jackpot you will get it in an annuity over 25 years. You can select a lump sum option, but then you will only get 50% of the advertised jackpot amount. While this is easier to figure out than most other lotteries, that is cutting a lot of your money right out of the picture from the beginning.
Taxes are based on the Arizona tax rates and apply to all prizes over $600. The state tax rate is 8% plus you will also have to pay the federal tax rate, which is 25% for US citizens and 30% for international players. So, international players will lose 38% of their winnings to the tax man.
This is a long standing lottery game with a mid-range jackpot and a mid-range set of winning odds. It is a very simple game to play since there is no ‘Powerball’ or other option so this is a fun game for people who are newer to the lottery system.
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This game lets you choose six numbers out of 48 for each game play. You can also choose to pay an extra dollar per line for the ‘Kicker.’ If you play the kicker the prize you win will be multiplied by four (with the exception of the jackpot). While it will cost extra, you’ll really kick yourself if you win a prize without it so most people end up playing with the kicker option.
# In 1985, Megabucks, an in-house jackpot game, was introduced. Megabucks, in 1990, was the first US lottery game to give players a choice of lump sum or annuity, should they win the top prize. It has become Oregon Lottery's flagship game, and is referred to in promotional advertising as "Oregon's Game".
# In 1985, Scratch-it games were introduced.
# In 1987, "Breakopen" games were introduced; they were discontinued in 2009.
# In 1988, as a charter member of MUSL, Oregon helped launch Lotto*America, which became Powerball in 1992. Four Powerball jackpots have been won in Oregon; a $38.4 million winner from Eugene in 1992; a $33.8 million winner from Beaverton in 1999; a family from Jacksonville won a then-record $340 million jackpot in 2005; and in March 2007 a man from Milwaukie, won a $182.7 million jackpot. Powerball's cash option began in 1997.
# In 1989, the lottery added Sports Action, a parlay game that enabled betting on National Football League (NFL) games. In 1989, National Basketball Association (NBA) games were added (excluding games involving the Oregon-based Portland Trail Blazers); wagering on basketball was discontinued in 1990. In 2005, a bill was signed that ended football wagering at the conclusion of the 2006–2007 NFL season. (Sports wagering also is legal in Delaware, Montana, and Nevada.
# In 1991, a keno game began.
# In 1992, the Lottery began video lottery games that included versions of draw poker. Video lottery games are a type of slot machine known as a Video Lottery Terminal.
# In 2001, Win for Life, which awards its top prize as a lifetime weekly annuity, was introduced; unlike the other U.S. "lifetime payout" draw games (Cash4Life and Lucky for Life; the latter available in Idaho beginning January 27, 2015) there is no cash option for Oregon WFL top-prize winners.
# In 2005, "line" games were added to video lottery terminals.
# In 2006, the tic-tac-toe-style game, Lucky Lines, was launched by the Lottery.
# In 2009, the first raffle drawing was conducted.
# In 2010, Oregon added Mega Millions.
# In 2011, Oregon's video lottery added Platinum Spin Series games with prizes over $600.
There are only four prize levels, which is quite low compared to many other lottery games. The first three prize levels are pari-mutuel, which means a set amount is set aside each drawing and all the winners split that amount. This can dramatically change the winning amount in some drawings. None the less, you can’t win any of them if you don’t play so why not at least give it a try. The prize levels are:
# Jackpot – Match 6 out of 6 Numbers
# First Prize – Match 5 out of 6 Numbers
# Second Prize – Match 4 out of 6 Numbers
# Third Prize – Match 3 out of 6 Numbers (Prize is a free ticket, or $4 with the Kicker option)
The odds of winning any prize are 1 in 25.53, which really isn’t too bad but it is not the best odds I have seen either. The following are the odds for each prize level:
# Jackpot – 1 in 6,135,756.00
# First Prize – 1 in 24,348.49
# Second Prize – 1 in 475.34
# Third Prize – 1 in 26.98
Like most US lotteries, you can collect any prizes up to $600 from an authorized lotto retailer. Any prizes above $600 must be claimed at an Oregon state lottery office. If you win the jackpot you will get it in an annuity over 25 years. You can select a lump sum option, but then you will only get 50% of the advertised jackpot amount. While this is easier to figure out than most other lotteries, that is cutting a lot of your money right out of the picture from the beginning.
Taxes are based on the Arizona tax rates and apply to all prizes over $600. The state tax rate is 8% plus you will also have to pay the federal tax rate, which is 25% for US citizens and 30% for international players. So, international players will lose 38% of their winnings to the tax man.
This is a long standing lottery game with a mid-range jackpot and a mid-range set of winning odds. It is a very simple game to play since there is no ‘Powerball’ or other option so this is a fun game for people who are newer to the lottery system.
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