Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 3, 2025 is estimated to be $520 Million, with a cash option of 240.1 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 Fri Oct 3, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 3, 2025	$520,000,000	$240,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$240,100,000
Federal Tax(24%)	$57,624,000
Additional Federal Tax	$31,173,330
State Tax(4.75%)	$11,404,750
Net Lumpsum Payment	$139,897,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,826,520	-$2,856,143 -$371,760	$4,598,617
2	$8,218,080	-$3,001,020 -$390,359	$4,826,701
3	$8,628,880	-$3,153,016 -$409,872	$5,065,992
4	$9,060,480	-$3,312,708 -$430,373	$5,317,399
5	$9,513,400	-$3,480,288 -$451,887	$5,581,225
6	$9,989,200	-$3,656,334 -$474,487	$5,858,379
7	$10,488,400	-$3,841,038 -$498,199	$6,149,163
8	$11,013,080	-$4,035,170 -$523,121	$6,454,789
9	$11,563,760	-$4,238,922 -$549,279	$6,775,559
10	$12,142,000	-$4,452,870 -$576,745	$7,112,385
11	$12,748,840	-$4,677,401 -$605,570	$7,465,869
12	$13,386,360	-$4,913,284 -$635,852	$7,837,224
13	$14,055,600	-$5,160,902 -$667,641	$8,227,057
14	$14,758,640	-$5,421,027 -$701,035	$8,636,578
15	$15,496,520	-$5,694,043 -$736,085	$9,066,392
16	$16,271,320	-$5,980,719 -$772,888	$9,517,713
17	$17,084,600	-$6,281,632 -$811,519	$9,991,449
18	$17,938,960	-$6,597,746 -$852,101	$10,489,113
19	$18,835,960	-$6,929,636 -$894,708	$11,011,616
20	$19,777,680	-$7,278,072 -$939,440	$11,560,168
21	$20,766,720	-$7,644,017 -$986,419	$12,136,284
22	$21,805,160	-$8,028,240 -$1,035,745	$12,741,175
23	$22,895,080	-$8,431,510 -$1,087,516	$13,376,054
24	$24,040,120	-$8,855,175 -$1,141,906	$14,043,039
25	$25,241,840	-$9,299,811 -$1,198,987	$14,743,042
26	$26,504,400	-$9,766,958 -$1,258,959	$15,478,483
27	$27,829,360	-$10,257,194 -$1,321,895	$16,250,271
28	$29,220,880	-$10,772,056 -$1,387,992	$17,060,832
29	$30,682,080	-$11,312,700 -$1,457,399	$17,911,981
30	$32,216,080	-$11,880,280 -$1,530,264	$18,805,536