The jackpot for the MEGA Millions draw on Tue Jan 20, 2026, is projected to be $250 Million, with an option for a cash payout of $113.5 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 Tue Jan 20, 2026 |
|---|
| Draw Date | Tue Jan 20, 2026 | | Projected Jackpot | $250,000,000 | | Cash Value | $113,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $113,500,000 | | Federal Tax(24%) | $27,240,000 | | Additional Federal Tax | $14,715,330 | | State Tax(4.75%) | $5,391,250 | | Net Lumpsum Payment | $66,153,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,762,750 |
$1,352,548
$178,731 |
$2,231,471 |
| 2 |
$3,951,000 |
$1,422,200
$187,673 |
$2,341,127 |
| 3 |
$4,148,500 |
$1,495,275
$197,054 |
$2,456,171 |
| 4 |
$4,356,000 |
$1,572,050
$206,910 |
$2,577,040 |
| 5 |
$4,573,750 |
$1,652,618
$217,253 |
$2,703,879 |
| 6 |
$4,802,500 |
$1,737,255
$228,119 |
$2,837,126 |
| 7 |
$5,042,500 |
$1,826,055
$239,519 |
$2,976,926 |
| 8 |
$5,294,750 |
$1,919,388
$251,501 |
$3,123,861 |
| 9 |
$5,559,500 |
$2,017,345
$264,076 |
$3,278,079 |
| 10 |
$5,837,500 |
$2,120,205
$277,281 |
$3,440,014 |
| 11 |
$6,129,250 |
$2,228,153
$291,139 |
$3,609,958 |
| 12 |
$6,435,750 |
$2,341,558
$305,698 |
$3,788,494 |
| 13 |
$6,757,500 |
$2,460,605
$320,981 |
$3,975,914 |
| 14 |
$7,095,500 |
$2,585,665
$337,036 |
$4,172,799 |
| 15 |
$7,450,250 |
$2,716,923
$353,887 |
$4,379,440 |
| 16 |
$7,822,750 |
$2,854,748
$371,581 |
$4,596,421 |
| 17 |
$8,213,750 |
$2,999,418
$390,153 |
$4,824,179 |
| 18 |
$8,624,500 |
$3,151,395
$409,664 |
$5,063,441 |
| 19 |
$9,055,750 |
$3,310,958
$430,148 |
$5,314,644 |
| 20 |
$9,508,500 |
$3,478,475
$451,654 |
$5,578,371 |
| 21 |
$9,984,000 |
$3,654,410
$474,240 |
$5,855,350 |
| 22 |
$10,483,250 |
$3,839,133
$497,954 |
$6,146,163 |
| 23 |
$11,007,250 |
$4,033,013
$522,844 |
$6,451,393 |
| 24 |
$11,557,750 |
$4,236,698
$548,993 |
$6,772,059 |
| 25 |
$12,135,500 |
$4,450,465
$576,436 |
$7,108,599 |
| 26 |
$12,742,500 |
$4,675,055
$605,269 |
$7,462,176 |
| 27 |
$13,379,500 |
$4,910,745
$635,526 |
$7,833,229 |
| 28 |
$14,048,500 |
$5,158,275
$667,304 |
$8,222,921 |
| 29 |
$14,751,000 |
$5,418,200
$700,673 |
$8,632,127 |
| 30 |
$15,488,500 |
$5,691,075
$735,704 |
$9,061,721 |
|
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