The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(4.75%) | $7,386,250 | | Net Lumpsum Payment | $90,618,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$248,793 |
$3,090,658 |
| 2 |
$5,499,792 |
$1,995,253
$261,240 |
$3,243,299 |
| 3 |
$5,774,712 |
$2,096,974
$274,299 |
$3,403,439 |
| 4 |
$6,063,552 |
$2,203,845
$288,019 |
$3,571,688 |
| 5 |
$6,366,660 |
$2,315,995
$302,416 |
$3,748,249 |
| 6 |
$6,685,080 |
$2,433,810
$317,541 |
$3,933,729 |
| 7 |
$7,019,160 |
$2,557,420
$333,410 |
$4,128,330 |
| 8 |
$7,370,292 |
$2,687,338
$350,089 |
$4,332,865 |
| 9 |
$7,738,824 |
$2,823,695
$367,594 |
$4,547,535 |
| 10 |
$8,125,800 |
$2,966,876
$385,976 |
$4,772,948 |
| 11 |
$8,531,916 |
$3,117,139
$405,266 |
$5,009,511 |
| 12 |
$8,958,564 |
$3,274,999
$425,532 |
$5,258,033 |
| 13 |
$9,406,440 |
$3,440,713
$446,806 |
$5,518,921 |
| 14 |
$9,876,936 |
$3,614,797
$469,154 |
$5,792,985 |
| 15 |
$10,370,748 |
$3,797,507
$492,611 |
$6,080,630 |
| 16 |
$10,889,268 |
$3,989,360
$517,240 |
$6,382,668 |
| 17 |
$11,433,540 |
$4,190,740
$543,093 |
$6,699,707 |
| 18 |
$12,005,304 |
$4,402,293
$570,252 |
$7,032,759 |
| 19 |
$12,605,604 |
$4,624,404
$598,766 |
$7,382,434 |
| 20 |
$13,235,832 |
$4,857,588
$628,702 |
$7,749,542 |
| 21 |
$13,897,728 |
$5,102,490
$660,142 |
$8,135,096 |
| 22 |
$14,592,684 |
$5,359,623
$693,152 |
$8,539,909 |
| 23 |
$15,322,092 |
$5,629,504
$727,799 |
$8,964,789 |
| 24 |
$16,088,388 |
$5,913,034
$764,198 |
$9,411,156 |
| 25 |
$16,892,616 |
$6,210,598
$802,399 |
$9,879,619 |
| 26 |
$17,737,560 |
$6,523,228
$842,534 |
$10,371,798 |
| 27 |
$18,624,264 |
$6,851,308
$884,653 |
$10,888,303 |
| 28 |
$19,555,512 |
$7,195,870
$928,887 |
$11,430,755 |
| 29 |
$20,533,392 |
$7,557,685
$975,336 |
$12,000,371 |
| 30 |
$21,559,992 |
$7,937,527
$1,024,100 |
$12,598,365 |
|
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