The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(4.75%) | $4,275,000 | | Net Lumpsum Payment | $52,464,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$144,414 |
$1,810,646 |
| 2 |
$3,192,408 |
$1,141,521
$151,639 |
$1,899,248 |
| 3 |
$3,351,988 |
$1,200,566
$159,219 |
$1,992,203 |
| 4 |
$3,519,648 |
$1,262,600
$167,183 |
$2,089,865 |
| 5 |
$3,695,590 |
$1,327,699
$175,541 |
$2,192,350 |
| 6 |
$3,880,420 |
$1,396,086
$184,320 |
$2,300,014 |
| 7 |
$4,074,340 |
$1,467,836
$193,531 |
$2,412,973 |
| 8 |
$4,278,158 |
$1,543,249
$203,213 |
$2,531,696 |
| 9 |
$4,492,076 |
$1,622,399
$213,374 |
$2,656,303 |
| 10 |
$4,716,700 |
$1,705,509
$224,043 |
$2,787,148 |
| 11 |
$4,952,434 |
$1,792,731
$235,241 |
$2,924,462 |
| 12 |
$5,200,086 |
$1,884,362
$247,004 |
$3,068,720 |
| 13 |
$5,460,060 |
$1,980,553
$259,353 |
$3,220,154 |
| 14 |
$5,733,164 |
$2,081,601
$272,325 |
$3,379,238 |
| 15 |
$6,019,802 |
$2,187,657
$285,941 |
$3,546,204 |
| 16 |
$6,320,782 |
$2,299,020
$300,237 |
$3,721,525 |
| 17 |
$6,636,710 |
$2,415,913
$315,244 |
$3,905,553 |
| 18 |
$6,968,596 |
$2,538,711
$331,008 |
$4,098,877 |
| 19 |
$7,317,046 |
$2,667,637
$347,560 |
$4,301,849 |
| 20 |
$7,682,868 |
$2,802,992
$364,936 |
$4,514,940 |
| 21 |
$8,067,072 |
$2,945,147
$383,186 |
$4,738,739 |
| 22 |
$8,470,466 |
$3,094,403
$402,347 |
$4,973,716 |
| 23 |
$8,893,858 |
$3,251,058
$422,458 |
$5,220,342 |
| 24 |
$9,338,662 |
$3,415,635
$443,586 |
$5,479,441 |
| 25 |
$9,805,484 |
$3,588,359
$465,760 |
$5,751,365 |
| 26 |
$10,295,940 |
$3,769,828
$489,057 |
$6,037,055 |
| 27 |
$10,810,636 |
$3,960,266
$513,505 |
$6,336,865 |
| 28 |
$11,351,188 |
$4,160,270
$539,181 |
$6,651,737 |
| 29 |
$11,918,808 |
$4,370,289
$566,143 |
$6,982,376 |
| 30 |
$12,514,708 |
$4,590,772
$594,449 |
$7,329,487 |
|
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