The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(4.75%) | $11,955,750 | | Net Lumpsum Payment | $146,654,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$391,063 |
$4,835,332 |
| 2 |
$8,644,788 |
$3,158,902
$410,627 |
$5,075,259 |
| 3 |
$9,076,918 |
$3,318,790
$431,154 |
$5,326,974 |
| 4 |
$9,530,928 |
$3,486,774
$452,719 |
$5,591,435 |
| 5 |
$10,007,365 |
$3,663,055
$475,350 |
$5,868,960 |
| 6 |
$10,507,870 |
$3,848,242
$499,124 |
$6,160,504 |
| 7 |
$11,032,990 |
$4,042,537
$524,067 |
$6,466,386 |
| 8 |
$11,584,913 |
$4,246,748
$550,283 |
$6,787,882 |
| 9 |
$12,164,186 |
$4,461,079
$577,799 |
$7,125,308 |
| 10 |
$12,772,450 |
$4,686,137
$606,691 |
$7,479,622 |
| 11 |
$13,410,799 |
$4,922,326
$637,013 |
$7,851,460 |
| 12 |
$14,081,421 |
$5,170,456
$668,867 |
$8,242,098 |
| 13 |
$14,785,410 |
$5,430,932
$702,307 |
$8,652,171 |
| 14 |
$15,524,954 |
$5,704,563
$737,435 |
$9,082,956 |
| 15 |
$16,301,147 |
$5,991,755
$774,304 |
$9,535,088 |
| 16 |
$17,116,177 |
$6,293,316
$813,018 |
$10,009,843 |
| 17 |
$17,971,685 |
$6,609,854
$853,655 |
$10,508,176 |
| 18 |
$18,870,406 |
$6,942,381
$896,344 |
$11,031,681 |
| 19 |
$19,813,981 |
$7,291,503
$941,164 |
$11,581,314 |
| 20 |
$20,804,598 |
$7,658,032
$988,218 |
$12,158,348 |
| 21 |
$21,844,992 |
$8,042,977
$1,037,637 |
$12,764,378 |
| 22 |
$22,937,351 |
$8,447,150
$1,089,524 |
$13,400,677 |
| 23 |
$24,083,863 |
$8,871,360
$1,143,983 |
$14,068,520 |
| 24 |
$25,288,357 |
$9,317,022
$1,201,197 |
$14,770,138 |
| 25 |
$26,552,474 |
$9,784,746
$1,261,243 |
$15,506,485 |
| 26 |
$27,880,590 |
$10,276,149
$1,324,328 |
$16,280,113 |
| 27 |
$29,274,346 |
$10,791,838
$1,390,531 |
$17,091,977 |
| 28 |
$30,738,118 |
$11,333,434
$1,460,061 |
$17,944,623 |
| 29 |
$32,275,188 |
$11,902,150
$1,533,071 |
$18,839,967 |
| 30 |
$33,888,838 |
$12,499,200
$1,609,720 |
$19,779,918 |
|
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