The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Fri Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(4.75%) | $9,333,750 | | Net Lumpsum Payment | $114,500,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$302,412 |
$3,748,199 |
| 2 |
$6,685,092 |
$2,433,814
$317,542 |
$3,933,736 |
| 3 |
$7,019,262 |
$2,557,457
$333,415 |
$4,128,390 |
| 4 |
$7,370,352 |
$2,687,361
$350,092 |
$4,332,899 |
| 5 |
$7,738,785 |
$2,823,681
$367,592 |
$4,547,512 |
| 6 |
$8,125,830 |
$2,966,887
$385,977 |
$4,772,966 |
| 7 |
$8,531,910 |
$3,117,137
$405,266 |
$5,009,507 |
| 8 |
$8,958,717 |
$3,275,056
$425,539 |
$5,258,122 |
| 9 |
$9,406,674 |
$3,440,800
$446,817 |
$5,519,057 |
| 10 |
$9,877,050 |
$3,614,839
$469,160 |
$5,793,051 |
| 11 |
$10,370,691 |
$3,797,486
$492,608 |
$6,080,597 |
| 12 |
$10,889,289 |
$3,989,367
$517,241 |
$6,382,681 |
| 13 |
$11,433,690 |
$4,190,796
$543,100 |
$6,699,794 |
| 14 |
$12,005,586 |
$4,402,397
$570,265 |
$7,032,924 |
| 15 |
$12,605,823 |
$4,624,485
$598,777 |
$7,382,561 |
| 16 |
$13,236,093 |
$4,857,685
$628,714 |
$7,749,694 |
| 17 |
$13,897,665 |
$5,102,466
$660,139 |
$8,135,060 |
| 18 |
$14,592,654 |
$5,359,612
$693,151 |
$8,539,891 |
| 19 |
$15,322,329 |
$5,629,592
$727,811 |
$8,964,926 |
| 20 |
$16,088,382 |
$5,913,032
$764,198 |
$9,411,152 |
| 21 |
$16,892,928 |
$6,210,714
$802,414 |
$9,879,800 |
| 22 |
$17,737,659 |
$6,523,264
$842,539 |
$10,371,856 |
| 23 |
$18,624,267 |
$6,851,309
$884,653 |
$10,888,305 |
| 24 |
$19,555,713 |
$7,195,944
$928,896 |
$11,430,873 |
| 25 |
$20,533,266 |
$7,557,639
$975,330 |
$12,000,297 |
| 26 |
$21,560,310 |
$7,937,645
$1,024,115 |
$12,598,550 |
| 27 |
$22,638,114 |
$8,336,433
$1,075,310 |
$13,226,371 |
| 28 |
$23,770,062 |
$8,755,253
$1,129,078 |
$13,885,731 |
| 29 |
$24,958,692 |
$9,195,046
$1,185,538 |
$14,578,108 |
| 30 |
$26,206,542 |
$9,656,751
$1,244,811 |
$15,304,980 |
|
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