Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Oklahoma, your state will take 4.75% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Oklahoma MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(4.75%)	$3,225,250
Net Lumpsum Payment	$39,591,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$107,238	$1,354,751
2	$2,370,600	-$837,452 -$112,604	$1,420,544
3	$2,489,100	-$881,297 -$118,232	$1,489,571
4	$2,613,600	-$927,362 -$124,146	$1,562,092
5	$2,744,250	-$975,703 -$130,352	$1,638,195
6	$2,881,500	-$1,026,485 -$136,871	$1,718,144
7	$3,025,500	-$1,079,765 -$143,711	$1,802,024
8	$3,176,850	-$1,135,765 -$150,900	$1,890,185
9	$3,335,700	-$1,194,539 -$158,446	$1,982,715
10	$3,502,500	-$1,256,255 -$166,369	$2,079,876
11	$3,677,550	-$1,321,024 -$174,684	$2,181,842
12	$3,861,450	-$1,389,067 -$183,419	$2,288,964
13	$4,054,500	-$1,460,495 -$192,589	$2,401,416
14	$4,257,300	-$1,535,531 -$202,222	$2,519,547
15	$4,470,150	-$1,614,286 -$212,332	$2,643,532
16	$4,693,650	-$1,696,981 -$222,948	$2,773,721
17	$4,928,250	-$1,783,783 -$234,092	$2,910,375
18	$5,174,700	-$1,874,969 -$245,798	$3,053,933
19	$5,433,450	-$1,970,707 -$258,089	$3,204,654
20	$5,705,100	-$2,071,217 -$270,992	$3,362,891
21	$5,990,400	-$2,176,778 -$284,544	$3,529,078
22	$6,289,950	-$2,287,612 -$298,773	$3,703,565
23	$6,604,350	-$2,403,940 -$313,707	$3,886,703
24	$6,934,650	-$2,526,151 -$329,396	$4,079,103
25	$7,281,300	-$2,654,411 -$345,862	$4,281,027
26	$7,645,500	-$2,789,165 -$363,161	$4,493,174
27	$8,027,700	-$2,930,579 -$381,316	$4,715,805
28	$8,429,100	-$3,079,097 -$400,382	$4,949,621
29	$8,850,600	-$3,235,052 -$420,404	$5,195,144
30	$9,293,100	-$3,398,777 -$441,422	$5,452,901