The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(4.75%) | $3,420,000 | | Net Lumpsum Payment | $41,979,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$112,243 |
$1,416,121 |
| 2 |
$2,481,228 |
$878,385
$117,858 |
$1,484,985 |
| 3 |
$2,605,258 |
$924,276
$123,750 |
$1,557,232 |
| 4 |
$2,735,568 |
$972,491
$129,939 |
$1,633,138 |
| 5 |
$2,872,315 |
$1,023,087
$136,435 |
$1,712,793 |
| 6 |
$3,015,970 |
$1,076,239
$143,259 |
$1,796,472 |
| 7 |
$3,166,690 |
$1,132,006
$150,418 |
$1,884,266 |
| 8 |
$3,325,103 |
$1,190,618
$157,942 |
$1,976,543 |
| 9 |
$3,491,366 |
$1,252,136
$165,840 |
$2,073,390 |
| 10 |
$3,665,950 |
$1,316,732
$174,133 |
$2,175,085 |
| 11 |
$3,849,169 |
$1,384,523
$182,836 |
$2,281,810 |
| 12 |
$4,041,651 |
$1,455,741
$191,978 |
$2,393,932 |
| 13 |
$4,243,710 |
$1,530,503
$201,576 |
$2,511,631 |
| 14 |
$4,455,974 |
$1,609,041
$211,659 |
$2,635,274 |
| 15 |
$4,678,757 |
$1,691,470
$222,241 |
$2,765,046 |
| 16 |
$4,912,687 |
$1,778,025
$233,353 |
$2,901,309 |
| 17 |
$5,158,235 |
$1,868,877
$245,016 |
$3,044,342 |
| 18 |
$5,416,186 |
$1,964,319
$257,269 |
$3,194,598 |
| 19 |
$5,687,011 |
$2,064,524
$270,133 |
$3,352,354 |
| 20 |
$5,971,338 |
$2,169,725
$283,639 |
$3,517,974 |
| 21 |
$6,269,952 |
$2,280,213
$297,823 |
$3,691,916 |
| 22 |
$6,583,481 |
$2,396,218
$312,715 |
$3,874,548 |
| 23 |
$6,912,553 |
$2,517,975
$328,346 |
$4,066,232 |
| 24 |
$7,258,267 |
$2,645,889
$344,768 |
$4,267,610 |
| 25 |
$7,621,094 |
$2,780,135
$362,002 |
$4,478,957 |
| 26 |
$8,002,290 |
$2,921,178
$380,109 |
$4,701,003 |
| 27 |
$8,402,326 |
$3,069,191
$399,110 |
$4,934,025 |
| 28 |
$8,822,458 |
$3,224,640
$419,067 |
$5,178,751 |
| 29 |
$9,263,628 |
$3,387,873
$440,022 |
$5,435,733 |
| 30 |
$9,726,778 |
$3,559,238
$462,022 |
$5,705,518 |
|
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