The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Oklahoma residents, the state will deduct 4.75% from your lottery earnings.
| Oklahoma MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$233,065 |
$2,897,779 |
| 2 |
$5,152,104 |
$1,866,609
$244,725 |
$3,040,770 |
| 3 |
$5,409,644 |
$1,961,899
$256,958 |
$3,190,787 |
| 4 |
$5,680,224 |
$2,062,013
$269,811 |
$3,348,400 |
| 5 |
$5,964,170 |
$2,167,073
$283,298 |
$3,513,799 |
| 6 |
$6,262,460 |
$2,277,441
$297,467 |
$3,687,552 |
| 7 |
$6,575,420 |
$2,393,236
$312,332 |
$3,869,852 |
| 8 |
$6,904,354 |
$2,514,941
$327,957 |
$4,061,456 |
| 9 |
$7,249,588 |
$2,642,678
$344,355 |
$4,262,555 |
| 10 |
$7,612,100 |
$2,776,807
$361,575 |
$4,473,718 |
| 11 |
$7,992,542 |
$2,917,571
$379,646 |
$4,695,325 |
| 12 |
$8,392,218 |
$3,065,451
$398,630 |
$4,928,137 |
| 13 |
$8,811,780 |
$3,220,689
$418,560 |
$5,172,531 |
| 14 |
$9,252,532 |
$3,383,767
$439,495 |
$5,429,270 |
| 15 |
$9,715,126 |
$3,554,927
$461,468 |
$5,698,731 |
| 16 |
$10,200,866 |
$3,734,651
$484,541 |
$5,981,674 |
| 17 |
$10,710,730 |
$3,923,300
$508,760 |
$6,278,670 |
| 18 |
$11,246,348 |
$4,121,479
$534,202 |
$6,590,667 |
| 19 |
$11,808,698 |
$4,329,549
$560,913 |
$6,918,236 |
| 20 |
$12,399,084 |
$4,547,991
$588,956 |
$7,262,137 |
| 21 |
$13,019,136 |
$4,777,411
$618,409 |
$7,623,316 |
| 22 |
$13,670,158 |
$5,018,289
$649,333 |
$8,002,536 |
| 23 |
$14,353,454 |
$5,271,108
$681,789 |
$8,400,557 |
| 24 |
$15,071,306 |
$5,536,714
$715,887 |
$8,818,705 |
| 25 |
$15,824,692 |
$5,815,466
$751,673 |
$9,257,553 |
| 26 |
$16,616,220 |
$6,108,332
$789,270 |
$9,718,618 |
| 27 |
$17,446,868 |
$6,415,672
$828,726 |
$10,202,470 |
| 28 |
$18,319,244 |
$6,738,451
$870,164 |
$10,710,629 |
| 29 |
$19,235,304 |
$7,077,393
$913,677 |
$11,244,234 |
| 30 |
$20,197,004 |
$7,433,222
$959,358 |
$11,804,424 |
|
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