Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Oklahoma, your state will take 4.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Oklahoma MEGA Millions Jackpot/Cash Option for Tue Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(4.75%)	$7,305,500
Net Lumpsum Payment	$89,628,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	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