The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(4.75%) | $15,361,500 | | Net Lumpsum Payment | $188,420,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$531,187 |
$6,553,705 |
| 2 |
$11,742,372 |
$4,305,008
$557,763 |
$6,879,601 |
| 3 |
$12,329,342 |
$4,522,187
$585,644 |
$7,221,511 |
| 4 |
$12,946,032 |
$4,750,362
$614,937 |
$7,580,733 |
| 5 |
$13,593,185 |
$4,989,809
$645,676 |
$7,957,700 |
| 6 |
$14,273,030 |
$5,241,351
$677,969 |
$8,353,710 |
| 7 |
$14,986,310 |
$5,505,265
$711,850 |
$8,769,195 |
| 8 |
$15,735,997 |
$5,782,649
$747,460 |
$9,205,888 |
| 9 |
$16,522,834 |
$6,073,779
$784,835 |
$9,664,220 |
| 10 |
$17,349,050 |
$6,379,479
$824,080 |
$10,145,491 |
| 11 |
$18,216,131 |
$6,700,299
$865,266 |
$10,650,566 |
| 12 |
$19,127,049 |
$7,037,339
$908,535 |
$11,181,175 |
| 13 |
$20,083,290 |
$7,391,148
$953,956 |
$11,738,186 |
| 14 |
$21,087,826 |
$7,762,826
$1,001,672 |
$12,323,328 |
| 15 |
$22,142,143 |
$8,152,923
$1,051,752 |
$12,937,468 |
| 16 |
$23,249,213 |
$8,562,539
$1,104,338 |
$13,582,336 |
| 17 |
$24,411,265 |
$8,992,498
$1,159,535 |
$14,259,232 |
| 18 |
$25,632,014 |
$9,444,176
$1,217,521 |
$14,970,317 |
| 19 |
$26,913,689 |
$9,918,395
$1,278,400 |
$15,716,894 |
| 20 |
$28,259,262 |
$10,416,257
$1,342,315 |
$16,500,690 |
| 21 |
$29,672,448 |
$10,939,136
$1,409,441 |
$17,323,871 |
| 22 |
$31,156,219 |
$11,488,131
$1,479,920 |
$18,188,168 |
| 23 |
$32,713,547 |
$12,064,343
$1,553,893 |
$19,095,311 |
| 24 |
$34,349,633 |
$12,669,695
$1,631,608 |
$20,048,330 |
| 25 |
$36,066,706 |
$13,305,012
$1,713,169 |
$21,048,525 |
| 26 |
$37,870,710 |
$13,972,493
$1,798,859 |
$22,099,358 |
| 27 |
$39,763,874 |
$14,672,964
$1,888,784 |
$23,202,126 |
| 28 |
$41,752,142 |
$15,408,623
$1,983,227 |
$24,360,292 |
| 29 |
$43,839,972 |
$16,181,120
$2,082,399 |
$25,576,453 |
| 30 |
$46,031,822 |
$16,992,105
$2,186,512 |
$26,853,205 |
|
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