The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 Jun 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(4.75%) | $10,492,750 | | Net Lumpsum Payment | $128,713,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$349,597 |
$4,326,834 |
| 2 |
$7,728,156 |
$2,819,748
$367,087 |
$4,541,321 |
| 3 |
$8,114,466 |
$2,962,683
$385,437 |
$4,766,346 |
| 4 |
$8,520,336 |
$3,112,855
$404,716 |
$5,002,765 |
| 5 |
$8,946,255 |
$3,270,445
$424,947 |
$5,250,863 |
| 6 |
$9,393,690 |
$3,435,996
$446,200 |
$5,511,494 |
| 7 |
$9,863,130 |
$3,609,688
$468,499 |
$5,784,943 |
| 8 |
$10,356,531 |
$3,792,247
$491,935 |
$6,072,349 |
| 9 |
$10,874,382 |
$3,983,852
$516,533 |
$6,373,997 |
| 10 |
$11,418,150 |
$4,185,046
$542,362 |
$6,690,742 |
| 11 |
$11,988,813 |
$4,396,191
$569,469 |
$7,023,153 |
| 12 |
$12,588,327 |
$4,618,011
$597,946 |
$7,372,370 |
| 13 |
$13,217,670 |
$4,850,868
$627,839 |
$7,738,963 |
| 14 |
$13,878,798 |
$5,095,486
$659,243 |
$8,124,069 |
| 15 |
$14,572,689 |
$5,352,225
$692,203 |
$8,528,261 |
| 16 |
$15,301,299 |
$5,621,811
$726,812 |
$8,952,676 |
| 17 |
$16,066,095 |
$5,904,786
$763,140 |
$9,398,169 |
| 18 |
$16,869,522 |
$6,202,054
$801,302 |
$9,866,166 |
| 19 |
$17,713,047 |
$6,514,158
$841,370 |
$10,357,519 |
| 20 |
$18,598,626 |
$6,841,822
$883,435 |
$10,873,369 |
| 21 |
$19,528,704 |
$7,185,951
$927,613 |
$11,415,140 |
| 22 |
$20,505,237 |
$7,547,268
$973,999 |
$11,983,970 |
| 23 |
$21,530,181 |
$7,926,497
$1,022,684 |
$12,581,000 |
| 24 |
$22,606,959 |
$8,324,905
$1,073,831 |
$13,208,223 |
| 25 |
$23,737,038 |
$8,743,034
$1,127,509 |
$13,866,495 |
| 26 |
$24,924,330 |
$9,182,332
$1,183,906 |
$14,558,092 |
| 27 |
$26,170,302 |
$9,643,342
$1,243,089 |
$15,283,871 |
| 28 |
$27,478,866 |
$10,127,511
$1,305,246 |
$16,046,109 |
| 29 |
$28,852,956 |
$10,635,924
$1,370,515 |
$16,846,517 |
| 30 |
$30,295,506 |
$11,169,668
$1,439,037 |
$17,686,801 |
|
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