Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(4.75%)	$6,631,000
Net Lumpsum Payment	$81,356,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$246,648	$3,064,356
2	$5,452,380	-$1,977,711 -$258,988	$3,215,681
3	$5,724,930	-$2,078,554 -$271,934	$3,374,442
4	$6,011,280	-$2,184,504 -$285,536	$3,541,240
5	$6,311,775	-$2,295,687 -$299,809	$3,716,279
6	$6,627,450	-$2,412,487 -$314,804	$3,900,159
7	$6,958,650	-$2,535,031 -$330,536	$4,093,083
8	$7,306,755	-$2,663,830 -$347,071	$4,295,854
9	$7,672,110	-$2,799,011 -$364,425	$4,508,674
10	$8,055,750	-$2,940,958 -$382,648	$4,732,144
11	$8,458,365	-$3,089,925 -$401,772	$4,966,668
12	$8,881,335	-$3,246,424 -$421,863	$5,213,048
13	$9,325,350	-$3,410,710 -$442,954	$5,471,686
14	$9,791,790	-$3,583,293 -$465,110	$5,743,387
15	$10,281,345	-$3,764,428 -$488,364	$6,028,553
16	$10,795,395	-$3,954,627 -$512,781	$6,327,987
17	$11,334,975	-$4,154,271 -$538,411	$6,642,293
18	$11,901,810	-$4,364,000 -$565,336	$6,972,474
19	$12,496,935	-$4,584,196 -$593,604	$7,319,135
20	$13,121,730	-$4,815,370 -$623,282	$7,683,078
21	$13,777,920	-$5,058,161 -$654,451	$8,065,308
22	$14,466,885	-$5,313,078 -$687,177	$8,466,630
23	$15,190,005	-$5,580,632 -$721,525	$8,887,848
24	$15,949,695	-$5,861,718 -$757,611	$9,330,366
25	$16,746,990	-$6,156,717 -$795,482	$9,794,791
26	$17,584,650	-$6,466,651 -$835,271	$10,282,728
27	$18,463,710	-$6,791,903 -$877,026	$10,794,781
28	$19,386,930	-$7,133,494 -$920,879	$11,332,557
29	$20,356,380	-$7,492,191 -$966,928	$11,897,261
30	$21,374,130	-$7,868,758 -$1,015,271	$12,490,101