The jackpot for the MEGA Millions draw on Tue May 20, 2025, is projected to be $139 Million, with an option for a cash payout of $62.3 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 May 20, 2025 |
|---|
| Draw Date | Tue May 20, 2025 | | Projected Jackpot | $139,000,000 | | Cash Value | $62,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,300,000 | | Federal Tax(24%) | $14,952,000 | | Additional Federal Tax | $8,059,330 | | State Tax(4.75%) | $2,959,250 | | Net Lumpsum Payment | $36,329,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,092,089 |
$734,403
$99,374 |
$1,258,312 |
| 2 |
$2,196,756 |
$773,130
$104,346 |
$1,319,280 |
| 3 |
$2,306,566 |
$813,760
$109,562 |
$1,383,244 |
| 4 |
$2,421,936 |
$856,447
$115,042 |
$1,450,447 |
| 5 |
$2,543,005 |
$901,242
$120,793 |
$1,520,970 |
| 6 |
$2,670,190 |
$948,301
$126,834 |
$1,595,055 |
| 7 |
$2,803,630 |
$997,673
$133,172 |
$1,672,785 |
| 8 |
$2,943,881 |
$1,049,566
$139,834 |
$1,754,481 |
| 9 |
$3,091,082 |
$1,104,031
$146,826 |
$1,840,225 |
| 10 |
$3,245,650 |
$1,161,221
$154,168 |
$1,930,261 |
| 11 |
$3,407,863 |
$1,221,240
$161,873 |
$2,024,750 |
| 12 |
$3,578,277 |
$1,284,293
$169,968 |
$2,124,016 |
| 13 |
$3,757,170 |
$1,350,483
$178,466 |
$2,228,221 |
| 14 |
$3,945,098 |
$1,420,017
$187,392 |
$2,337,689 |
| 15 |
$4,142,339 |
$1,492,996
$196,761 |
$2,452,582 |
| 16 |
$4,349,449 |
$1,569,627
$206,599 |
$2,573,223 |
| 17 |
$4,566,845 |
$1,650,063
$216,925 |
$2,699,857 |
| 18 |
$4,795,222 |
$1,734,563
$227,773 |
$2,832,886 |
| 19 |
$5,034,997 |
$1,823,279
$239,162 |
$2,972,556 |
| 20 |
$5,286,726 |
$1,916,419
$251,119 |
$3,119,188 |
| 21 |
$5,551,104 |
$2,014,239
$263,677 |
$3,273,188 |
| 22 |
$5,828,687 |
$2,116,945
$276,863 |
$3,434,879 |
| 23 |
$6,120,031 |
$2,224,742
$290,701 |
$3,604,588 |
| 24 |
$6,426,109 |
$2,337,991
$305,240 |
$3,782,878 |
| 25 |
$6,747,338 |
$2,456,845
$320,499 |
$3,969,994 |
| 26 |
$7,084,830 |
$2,581,717
$336,529 |
$4,166,584 |
| 27 |
$7,439,002 |
$2,712,761
$353,353 |
$4,372,888 |
| 28 |
$7,810,966 |
$2,850,388
$371,021 |
$4,589,557 |
| 29 |
$8,201,556 |
$2,994,906
$389,574 |
$4,817,076 |
| 30 |
$8,611,606 |
$3,146,625
$409,051 |
$5,055,930 |
|
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