Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 10, 2025 is estimated to be $243 Million, with a cash option of 108 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 Jun 10, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 10, 2025	$243,000,000	$108,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$108,000,000
Federal Tax(24%)	$25,920,000
Additional Federal Tax	$14,000,330
State Tax(4.75%)	$5,130,000
Net Lumpsum Payment	$62,949,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,657,393	-$1,313,566 -$173,726	$2,170,101
2	$3,840,372	-$1,381,268 -$182,418	$2,276,686
3	$4,032,342	-$1,452,297 -$191,536	$2,388,509
4	$4,234,032	-$1,526,922 -$201,117	$2,505,993
5	$4,445,685	-$1,605,234 -$211,170	$2,629,281
6	$4,668,030	-$1,687,501 -$221,731	$2,758,798
7	$4,901,310	-$1,773,815 -$232,812	$2,894,683
8	$5,146,497	-$1,864,534 -$244,459	$3,037,504
9	$5,403,834	-$1,959,749 -$256,682	$3,187,403
10	$5,674,050	-$2,059,729 -$269,517	$3,344,804
11	$5,957,631	-$2,164,654 -$282,987	$3,509,990
12	$6,255,549	-$2,274,884 -$297,139	$3,683,526
13	$6,568,290	-$2,390,598 -$311,994	$3,865,698
14	$6,896,826	-$2,512,156 -$327,599	$4,057,071
15	$7,241,643	-$2,639,738 -$343,978	$4,257,927
16	$7,603,713	-$2,773,704 -$361,176	$4,468,833
17	$7,983,765	-$2,914,323 -$379,229	$4,690,213
18	$8,383,014	-$3,062,046 -$398,193	$4,922,775
19	$8,802,189	-$3,217,140 -$418,104	$5,166,945
20	$9,242,262	-$3,379,967 -$439,007	$5,423,288
21	$9,704,448	-$3,550,976 -$460,961	$5,692,511
22	$10,189,719	-$3,730,526 -$484,012	$5,975,181
23	$10,699,047	-$3,918,978 -$508,205	$6,271,864
24	$11,234,133	-$4,116,960 -$533,621	$6,583,552
25	$11,795,706	-$4,324,742 -$560,296	$6,910,668
26	$12,385,710	-$4,543,043 -$588,321	$7,254,346
27	$13,004,874	-$4,772,134 -$617,732	$7,615,008
28	$13,655,142	-$5,012,733 -$648,619	$7,993,790
29	$14,337,972	-$5,265,380 -$681,054	$8,391,538
30	$15,054,822	-$5,530,615 -$715,104	$8,809,103