The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(4.75%) | $7,771,000 | | Net Lumpsum Payment | $95,336,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$263,091 |
$3,266,002 |
| 2 |
$5,815,872 |
$2,112,203
$276,254 |
$3,427,415 |
| 3 |
$6,106,592 |
$2,219,769
$290,063 |
$3,596,760 |
| 4 |
$6,412,032 |
$2,332,782
$304,572 |
$3,774,678 |
| 5 |
$6,732,560 |
$2,451,378
$319,797 |
$3,961,385 |
| 6 |
$7,069,280 |
$2,575,964
$335,791 |
$4,157,525 |
| 7 |
$7,422,560 |
$2,706,678
$352,572 |
$4,363,310 |
| 8 |
$7,793,872 |
$2,844,063
$370,209 |
$4,579,600 |
| 9 |
$8,183,584 |
$2,988,256
$388,720 |
$4,806,608 |
| 10 |
$8,592,800 |
$3,139,666
$408,158 |
$5,044,976 |
| 11 |
$9,022,256 |
$3,298,565
$428,557 |
$5,295,134 |
| 12 |
$9,473,424 |
$3,465,497
$449,988 |
$5,557,939 |
| 13 |
$9,947,040 |
$3,640,735
$472,484 |
$5,833,821 |
| 14 |
$10,444,576 |
$3,824,824
$496,117 |
$6,123,635 |
| 15 |
$10,966,768 |
$4,018,035
$520,921 |
$6,427,812 |
| 16 |
$11,515,088 |
$4,220,913
$546,967 |
$6,747,208 |
| 17 |
$12,090,640 |
$4,433,867
$574,305 |
$7,082,468 |
| 18 |
$12,695,264 |
$4,657,578
$603,025 |
$7,434,661 |
| 19 |
$13,330,064 |
$4,892,454
$633,178 |
$7,804,432 |
| 20 |
$13,996,512 |
$5,139,040
$664,834 |
$8,192,638 |
| 21 |
$14,696,448 |
$5,398,016
$698,081 |
$8,600,351 |
| 22 |
$15,431,344 |
$5,669,928
$732,989 |
$9,028,427 |
| 23 |
$16,202,672 |
$5,955,319
$769,627 |
$9,477,726 |
| 24 |
$17,013,008 |
$6,255,143
$808,118 |
$9,949,747 |
| 25 |
$17,863,456 |
$6,569,809
$848,514 |
$10,445,133 |
| 26 |
$18,756,960 |
$6,900,406
$890,956 |
$10,965,598 |
| 27 |
$19,694,624 |
$7,247,341
$935,495 |
$11,511,788 |
| 28 |
$20,679,392 |
$7,611,705
$982,271 |
$12,085,416 |
| 29 |
$21,713,472 |
$7,994,315
$1,031,390 |
$12,687,767 |
| 30 |
$22,799,072 |
$8,395,987
$1,082,956 |
$13,320,129 |
|
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