Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 3, 2026 is estimated to be $323 Million, with a cash option of 145.7 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 Feb 3, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 3, 2026	$323,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(4.75%)	$6,920,750
Net Lumpsum Payment	$84,909,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,861,473	-$1,759,075 -$230,920	$2,871,478
2	$5,104,692	-$1,849,066 -$242,473	$3,013,153
3	$5,359,862	-$1,943,479 -$254,593	$3,161,790
4	$5,627,952	-$2,042,673 -$267,328	$3,317,951
5	$5,909,285	-$2,146,766 -$280,691	$3,481,828
6	$6,204,830	-$2,256,117 -$294,729	$3,653,984
7	$6,514,910	-$2,370,847 -$309,458	$3,834,605
8	$6,840,817	-$2,491,433 -$324,939	$4,024,445
9	$7,182,874	-$2,617,994 -$341,187	$4,223,693
10	$7,542,050	-$2,750,889 -$358,247	$4,432,914
11	$7,918,991	-$2,890,357 -$376,152	$4,652,482
12	$8,314,989	-$3,036,876 -$394,962	$4,883,151
13	$8,730,690	-$3,190,686 -$414,708	$5,125,296
14	$9,167,386	-$3,352,263 -$435,451	$5,379,672
15	$9,625,723	-$3,521,848 -$457,222	$5,646,653
16	$10,106,993	-$3,699,918 -$480,082	$5,926,993
17	$10,612,165	-$3,886,831 -$504,078	$6,221,256
18	$11,142,854	-$4,083,186 -$529,286	$6,530,382
19	$11,700,029	-$4,289,341 -$555,751	$6,854,937
20	$12,284,982	-$4,505,774 -$583,537	$7,195,671
21	$12,899,328	-$4,733,082 -$612,718	$7,553,528
22	$13,544,359	-$4,971,743 -$643,357	$7,929,259
23	$14,221,367	-$5,222,236 -$675,515	$8,323,616
24	$14,932,613	-$5,485,397 -$709,299	$8,737,917
25	$15,679,066	-$5,761,585 -$744,756	$9,172,725
26	$16,463,310	-$6,051,755 -$782,007	$9,629,548
27	$17,286,314	-$6,356,267 -$821,100	$10,108,947
28	$18,150,662	-$6,676,075 -$862,156	$10,612,431
29	$19,058,292	-$7,011,898 -$905,269	$11,141,125
30	$20,011,142	-$7,364,453 -$950,529	$11,696,160