The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(4.75%) | $15,869,750 | | Net Lumpsum Payment | $194,652,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$510,455 |
$6,299,455 |
| 2 |
$11,284,056 |
$4,135,431
$535,993 |
$6,612,632 |
| 3 |
$11,848,116 |
$4,344,133
$562,786 |
$6,941,197 |
| 4 |
$12,440,736 |
$4,563,403
$590,935 |
$7,286,398 |
| 5 |
$13,062,630 |
$4,793,503
$620,475 |
$7,648,652 |
| 6 |
$13,715,940 |
$5,035,228
$651,507 |
$8,029,205 |
| 7 |
$14,401,380 |
$5,288,841
$684,066 |
$8,428,473 |
| 8 |
$15,121,806 |
$5,555,399
$718,286 |
$8,848,121 |
| 9 |
$15,877,932 |
$5,835,165
$754,202 |
$9,288,565 |
| 10 |
$16,671,900 |
$6,128,933
$791,915 |
$9,751,052 |
| 11 |
$17,505,138 |
$6,437,231
$831,494 |
$10,236,413 |
| 12 |
$18,380,502 |
$6,761,116
$873,074 |
$10,746,312 |
| 13 |
$19,299,420 |
$7,101,116
$916,722 |
$11,281,582 |
| 14 |
$20,264,748 |
$7,458,287
$962,576 |
$11,843,885 |
| 15 |
$21,277,914 |
$7,833,159
$1,010,701 |
$12,434,054 |
| 16 |
$22,341,774 |
$8,226,787
$1,061,234 |
$13,053,753 |
| 17 |
$23,458,470 |
$8,639,964
$1,114,277 |
$13,704,229 |
| 18 |
$24,631,572 |
$9,074,012
$1,170,000 |
$14,387,560 |
| 19 |
$25,863,222 |
$9,529,723
$1,228,503 |
$15,104,996 |
| 20 |
$27,156,276 |
$10,008,153
$1,289,923 |
$15,858,200 |
| 21 |
$28,514,304 |
$10,510,623
$1,354,429 |
$16,649,252 |
| 22 |
$29,940,162 |
$11,038,190
$1,422,158 |
$17,479,814 |
| 23 |
$31,436,706 |
$11,591,912
$1,493,244 |
$18,351,550 |
| 24 |
$33,008,934 |
$12,173,636
$1,567,924 |
$19,267,374 |
| 25 |
$34,658,988 |
$12,784,156
$1,646,302 |
$20,228,530 |
| 26 |
$36,392,580 |
$13,425,585
$1,728,648 |
$21,238,347 |
| 27 |
$38,211,852 |
$14,098,716
$1,815,063 |
$22,298,073 |
| 28 |
$40,122,516 |
$14,805,661
$1,905,820 |
$23,411,035 |
| 29 |
$42,128,856 |
$15,548,007
$2,001,121 |
$24,579,728 |
| 30 |
$44,235,156 |
$16,327,338
$2,101,170 |
$25,806,648 |
|
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