The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Fri Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(4.75%) | $13,931,750 | | Net Lumpsum Payment | $170,886,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$480,428 |
$5,931,233 |
| 2 |
$10,620,288 |
$3,889,837
$504,464 |
$6,225,987 |
| 3 |
$11,151,168 |
$4,086,263
$529,680 |
$6,535,225 |
| 4 |
$11,708,928 |
$4,292,634
$556,174 |
$6,860,120 |
| 5 |
$12,294,240 |
$4,509,199
$583,976 |
$7,201,065 |
| 6 |
$12,909,120 |
$4,736,705
$613,183 |
$7,559,232 |
| 7 |
$13,554,240 |
$4,975,399
$643,826 |
$7,935,015 |
| 8 |
$14,232,288 |
$5,226,277
$676,034 |
$8,329,977 |
| 9 |
$14,943,936 |
$5,489,587
$709,837 |
$8,744,512 |
| 10 |
$15,691,200 |
$5,766,074
$745,332 |
$9,179,794 |
| 11 |
$16,475,424 |
$6,056,237
$782,583 |
$9,636,604 |
| 12 |
$17,299,296 |
$6,361,070
$821,717 |
$10,116,509 |
| 13 |
$18,164,160 |
$6,681,070
$862,798 |
$10,620,292 |
| 14 |
$19,072,704 |
$7,017,231
$905,953 |
$11,149,520 |
| 15 |
$20,026,272 |
$7,370,051
$951,248 |
$11,704,973 |
| 16 |
$21,027,552 |
$7,740,525
$998,809 |
$12,288,218 |
| 17 |
$22,078,560 |
$8,129,398
$1,048,732 |
$12,900,430 |
| 18 |
$23,182,656 |
$8,537,913
$1,101,176 |
$13,543,567 |
| 19 |
$24,341,856 |
$8,966,817
$1,156,238 |
$14,218,801 |
| 20 |
$25,558,848 |
$9,417,104
$1,214,045 |
$14,927,699 |
| 21 |
$26,836,992 |
$9,890,017
$1,274,757 |
$15,672,218 |
| 22 |
$28,178,976 |
$10,386,552
$1,338,501 |
$16,453,923 |
| 23 |
$29,587,488 |
$10,907,701
$1,405,406 |
$17,274,381 |
| 24 |
$31,067,232 |
$11,455,206
$1,475,694 |
$18,136,332 |
| 25 |
$32,620,224 |
$12,029,813
$1,549,461 |
$19,040,950 |
| 26 |
$34,251,840 |
$12,633,511
$1,626,962 |
$19,991,367 |
| 27 |
$35,964,096 |
$13,267,046
$1,708,295 |
$20,988,755 |
| 28 |
$37,762,368 |
$13,932,407
$1,793,712 |
$22,036,249 |
| 29 |
$39,650,688 |
$14,631,085
$1,883,408 |
$23,136,195 |
| 30 |
$41,633,088 |
$15,364,573
$1,977,572 |
$24,290,943 |
|
|
