The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(4.75%) | $8,858,750 | | Net Lumpsum Payment | $108,675,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$316,711 |
$3,923,542 |
| 2 |
$7,001,172 |
$2,550,764
$332,556 |
$4,117,852 |
| 3 |
$7,351,142 |
$2,680,253
$349,179 |
$4,321,710 |
| 4 |
$7,718,832 |
$2,816,298
$366,645 |
$4,535,889 |
| 5 |
$8,104,685 |
$2,959,064
$384,973 |
$4,760,648 |
| 6 |
$8,510,030 |
$3,109,041
$404,226 |
$4,996,763 |
| 7 |
$8,935,310 |
$3,266,395
$424,427 |
$5,244,488 |
| 8 |
$9,382,297 |
$3,431,780
$445,659 |
$5,504,858 |
| 9 |
$9,851,434 |
$3,605,361
$467,943 |
$5,778,130 |
| 10 |
$10,344,050 |
$3,787,629
$491,342 |
$6,065,079 |
| 11 |
$10,861,031 |
$3,978,912
$515,899 |
$6,366,220 |
| 12 |
$11,404,149 |
$4,179,866
$541,697 |
$6,682,586 |
| 13 |
$11,974,290 |
$4,390,818
$568,779 |
$7,014,693 |
| 14 |
$12,573,226 |
$4,612,424
$597,228 |
$7,363,574 |
| 15 |
$13,201,843 |
$4,845,012
$627,088 |
$7,729,743 |
| 16 |
$13,861,913 |
$5,089,238
$658,441 |
$8,114,234 |
| 17 |
$14,554,765 |
$5,345,593
$691,351 |
$8,517,821 |
| 18 |
$15,282,614 |
$5,614,898
$725,924 |
$8,941,792 |
| 19 |
$16,046,789 |
$5,897,642
$762,222 |
$9,386,925 |
| 20 |
$16,849,062 |
$6,194,483
$800,330 |
$9,854,249 |
| 21 |
$17,691,648 |
$6,506,240
$840,353 |
$10,345,055 |
| 22 |
$18,576,319 |
$6,833,568
$882,375 |
$10,860,376 |
| 23 |
$19,504,847 |
$7,177,124
$926,480 |
$11,401,243 |
| 24 |
$20,480,333 |
$7,538,054
$972,816 |
$11,969,463 |
| 25 |
$21,504,106 |
$7,916,850
$1,021,445 |
$12,565,811 |
| 26 |
$22,579,710 |
$8,314,823
$1,072,536 |
$13,192,351 |
| 27 |
$23,708,474 |
$8,732,466
$1,126,153 |
$13,849,855 |
| 28 |
$24,893,942 |
$9,171,089
$1,182,462 |
$14,540,391 |
| 29 |
$26,138,772 |
$9,631,676
$1,241,592 |
$15,265,504 |
| 30 |
$27,445,622 |
$10,115,211
$1,303,667 |
$16,026,744 |
|
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