Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 5, 2025 is estimated to be $336 Million, with a cash option of 151.3 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 Sep 5, 2025

Draw Date	Jackpot	Cash Option
Fri Sep 5, 2025	$336,000,000	$151,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$151,300,000
Federal Tax(24%)	$36,312,000
Additional Federal Tax	$19,629,330
State Tax(4.75%)	$7,186,750
Net Lumpsum Payment	$88,171,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,057,136	-$1,831,471 -$240,214	$2,985,451
2	$5,310,144	-$1,925,084 -$252,232	$3,132,828
3	$5,575,584	-$2,023,296 -$264,840	$3,287,448
4	$5,854,464	-$2,126,482 -$278,087	$3,449,895
5	$6,147,120	-$2,234,765 -$291,988	$3,620,367
6	$6,454,560	-$2,348,518 -$306,592	$3,799,450
7	$6,777,120	-$2,467,865 -$321,913	$3,987,342
8	$7,116,144	-$2,593,304 -$338,017	$4,184,823
9	$7,471,968	-$2,724,959 -$354,918	$4,392,091
10	$7,845,600	-$2,863,202 -$372,666	$4,609,732
11	$8,237,712	-$3,008,284 -$391,291	$4,838,137
12	$8,649,648	-$3,160,700 -$410,858	$5,078,090
13	$9,082,080	-$3,320,700 -$431,399	$5,329,981
14	$9,536,352	-$3,488,781 -$452,977	$5,594,594
15	$10,013,136	-$3,665,191 -$475,624	$5,872,321
16	$10,513,776	-$3,850,428 -$499,404	$6,163,944
17	$11,039,280	-$4,044,864 -$524,366	$6,470,050
18	$11,591,328	-$4,249,122 -$550,588	$6,791,618
19	$12,170,928	-$4,463,574 -$578,119	$7,129,235
20	$12,779,424	-$4,688,717 -$607,023	$7,483,684
21	$13,418,496	-$4,925,174 -$637,379	$7,855,943
22	$14,089,488	-$5,173,441 -$669,251	$8,246,796
23	$14,793,744	-$5,434,016 -$702,703	$8,657,025
24	$15,533,616	-$5,707,768 -$737,847	$9,088,001
25	$16,310,112	-$5,995,072 -$774,730	$9,540,310
26	$17,125,920	-$6,296,921 -$813,481	$10,015,518
27	$17,982,048	-$6,613,688 -$854,147	$10,514,213
28	$18,881,184	-$6,946,368 -$896,856	$11,037,960
29	$19,825,344	-$7,295,708 -$941,704	$11,587,932
30	$20,816,544	-$7,662,452 -$988,786	$12,165,306