The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(4.75%) | $7,414,750 | | Net Lumpsum Payment | $90,967,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$247,363 |
$3,073,124 |
| 2 |
$5,468,184 |
$1,983,558
$259,739 |
$3,224,887 |
| 3 |
$5,741,524 |
$2,084,694
$272,722 |
$3,384,108 |
| 4 |
$6,028,704 |
$2,190,951
$286,363 |
$3,551,390 |
| 5 |
$6,330,070 |
$2,302,456
$300,678 |
$3,726,936 |
| 6 |
$6,646,660 |
$2,419,595
$315,716 |
$3,911,349 |
| 7 |
$6,978,820 |
$2,542,494
$331,494 |
$4,104,832 |
| 8 |
$7,327,934 |
$2,671,666
$348,077 |
$4,308,191 |
| 9 |
$7,694,348 |
$2,807,239
$365,482 |
$4,521,627 |
| 10 |
$8,079,100 |
$2,949,597
$383,757 |
$4,745,746 |
| 11 |
$8,482,882 |
$3,098,997
$402,937 |
$4,980,948 |
| 12 |
$8,907,078 |
$3,255,949
$423,086 |
$5,228,043 |
| 13 |
$9,352,380 |
$3,420,711
$444,238 |
$5,487,431 |
| 14 |
$9,820,172 |
$3,593,794
$466,458 |
$5,759,920 |
| 15 |
$10,311,146 |
$3,775,454
$489,779 |
$6,045,913 |
| 16 |
$10,826,686 |
$3,966,204
$514,268 |
$6,346,214 |
| 17 |
$11,367,830 |
$4,166,427
$539,972 |
$6,661,431 |
| 18 |
$11,936,308 |
$4,376,764
$566,975 |
$6,992,569 |
| 19 |
$12,533,158 |
$4,597,599
$595,325 |
$7,340,234 |
| 20 |
$13,159,764 |
$4,829,443
$625,089 |
$7,705,232 |
| 21 |
$13,817,856 |
$5,072,937
$656,348 |
$8,088,571 |
| 22 |
$14,508,818 |
$5,328,593
$689,169 |
$8,491,056 |
| 23 |
$15,234,034 |
$5,596,923
$723,617 |
$8,913,494 |
| 24 |
$15,995,926 |
$5,878,823
$759,806 |
$9,357,297 |
| 25 |
$16,795,532 |
$6,174,677
$797,788 |
$9,823,067 |
| 26 |
$17,635,620 |
$6,485,510
$837,692 |
$10,312,418 |
| 27 |
$18,517,228 |
$6,811,705
$879,568 |
$10,825,955 |
| 28 |
$19,443,124 |
$7,154,286
$923,548 |
$11,365,290 |
| 29 |
$20,415,384 |
$7,514,022
$969,731 |
$11,931,631 |
| 30 |
$21,436,084 |
$7,891,681
$1,018,214 |
$12,526,189 |
|
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