The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Apr 1, 2025 |
|---|
| Draw Date | Tue Apr 1, 2025 | | Projected Jackpot | $29,000,000 | | Cash Value | $13,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,300,000 | | Federal Tax(24%) | $3,192,000 | | Additional Federal Tax | $1,689,330 | | State Tax(4.75%) | $631,750 | | Net Lumpsum Payment | $7,786,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$436,479 |
$121,828
$20,733 |
$293,918 |
| 2 |
$458,316 |
$129,907
$21,770 |
$306,639 |
| 3 |
$481,226 |
$138,384
$22,858 |
$319,984 |
| 4 |
$505,296 |
$147,290
$24,002 |
$334,004 |
| 5 |
$530,555 |
$156,636
$25,201 |
$348,718 |
| 6 |
$557,090 |
$166,454
$26,462 |
$364,174 |
| 7 |
$584,930 |
$176,754
$27,784 |
$380,392 |
| 8 |
$614,191 |
$187,581
$29,174 |
$397,436 |
| 9 |
$644,902 |
$198,944
$30,633 |
$415,325 |
| 10 |
$677,150 |
$210,876
$32,165 |
$434,109 |
| 11 |
$710,993 |
$223,398
$33,772 |
$453,823 |
| 12 |
$746,547 |
$236,553
$35,461 |
$474,533 |
| 13 |
$783,870 |
$250,362
$37,234 |
$496,274 |
| 14 |
$823,078 |
$264,869
$39,096 |
$519,113 |
| 15 |
$864,229 |
$280,095
$41,051 |
$543,083 |
| 16 |
$907,439 |
$296,083
$43,103 |
$568,253 |
| 17 |
$952,795 |
$312,865
$45,258 |
$594,672 |
| 18 |
$1,000,442 |
$330,494
$47,521 |
$622,427 |
| 19 |
$1,050,467 |
$349,003
$49,897 |
$651,567 |
| 20 |
$1,102,986 |
$368,435
$52,392 |
$682,159 |
| 21 |
$1,158,144 |
$388,844
$55,012 |
$714,288 |
| 22 |
$1,216,057 |
$410,271
$57,763 |
$748,023 |
| 23 |
$1,276,841 |
$432,762
$60,650 |
$783,429 |
| 24 |
$1,340,699 |
$456,389
$63,683 |
$820,627 |
| 25 |
$1,407,718 |
$481,186
$66,867 |
$859,665 |
| 26 |
$1,478,130 |
$507,238
$70,211 |
$900,681 |
| 27 |
$1,552,022 |
$534,579
$73,721 |
$943,722 |
| 28 |
$1,629,626 |
$563,292
$77,407 |
$988,927 |
| 29 |
$1,711,116 |
$593,443
$81,278 |
$1,036,395 |
| 30 |
$1,796,666 |
$625,097
$85,342 |
$1,086,227 |
|
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