The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Tue Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(4.75%) | $3,225,250 | | Net Lumpsum Payment | $39,591,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$107,238 |
$1,354,751 |
| 2 |
$2,370,600 |
$837,452
$112,604 |
$1,420,544 |
| 3 |
$2,489,100 |
$881,297
$118,232 |
$1,489,571 |
| 4 |
$2,613,600 |
$927,362
$124,146 |
$1,562,092 |
| 5 |
$2,744,250 |
$975,703
$130,352 |
$1,638,195 |
| 6 |
$2,881,500 |
$1,026,485
$136,871 |
$1,718,144 |
| 7 |
$3,025,500 |
$1,079,765
$143,711 |
$1,802,024 |
| 8 |
$3,176,850 |
$1,135,765
$150,900 |
$1,890,185 |
| 9 |
$3,335,700 |
$1,194,539
$158,446 |
$1,982,715 |
| 10 |
$3,502,500 |
$1,256,255
$166,369 |
$2,079,876 |
| 11 |
$3,677,550 |
$1,321,024
$174,684 |
$2,181,842 |
| 12 |
$3,861,450 |
$1,389,067
$183,419 |
$2,288,964 |
| 13 |
$4,054,500 |
$1,460,495
$192,589 |
$2,401,416 |
| 14 |
$4,257,300 |
$1,535,531
$202,222 |
$2,519,547 |
| 15 |
$4,470,150 |
$1,614,286
$212,332 |
$2,643,532 |
| 16 |
$4,693,650 |
$1,696,981
$222,948 |
$2,773,721 |
| 17 |
$4,928,250 |
$1,783,783
$234,092 |
$2,910,375 |
| 18 |
$5,174,700 |
$1,874,969
$245,798 |
$3,053,933 |
| 19 |
$5,433,450 |
$1,970,707
$258,089 |
$3,204,654 |
| 20 |
$5,705,100 |
$2,071,217
$270,992 |
$3,362,891 |
| 21 |
$5,990,400 |
$2,176,778
$284,544 |
$3,529,078 |
| 22 |
$6,289,950 |
$2,287,612
$298,773 |
$3,703,565 |
| 23 |
$6,604,350 |
$2,403,940
$313,707 |
$3,886,703 |
| 24 |
$6,934,650 |
$2,526,151
$329,396 |
$4,079,103 |
| 25 |
$7,281,300 |
$2,654,411
$345,862 |
$4,281,027 |
| 26 |
$7,645,500 |
$2,789,165
$363,161 |
$4,493,174 |
| 27 |
$8,027,700 |
$2,930,579
$381,316 |
$4,715,805 |
| 28 |
$8,429,100 |
$3,079,097
$400,382 |
$4,949,621 |
| 29 |
$8,850,600 |
$3,235,052
$420,404 |
$5,195,144 |
| 30 |
$9,293,100 |
$3,398,777
$441,422 |
$5,452,901 |
|
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