Oklahoma Lottery

OKLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(4.75%)	$1,719,500
Net Lumpsum Payment	$21,126,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$57,194	$741,046
2	$1,264,320	-$428,129 -$60,055	$776,136
3	$1,327,520	-$451,513 -$63,057	$812,950
4	$1,393,920	-$476,081 -$66,211	$851,628
5	$1,463,600	-$501,862 -$69,521	$892,217
6	$1,536,800	-$528,946 -$72,998	$934,856
7	$1,613,600	-$557,362 -$76,646	$979,592
8	$1,694,320	-$587,229 -$80,480	$1,026,611
9	$1,779,040	-$618,575 -$84,504	$1,075,961
10	$1,868,000	-$651,490 -$88,730	$1,127,780
11	$1,961,360	-$686,034 -$93,165	$1,182,161
12	$2,059,440	-$722,323 -$97,823	$1,239,294
13	$2,162,400	-$760,418 -$102,714	$1,299,268
14	$2,270,560	-$800,438 -$107,852	$1,362,270
15	$2,384,080	-$842,440 -$113,244	$1,428,396
16	$2,503,280	-$886,544 -$118,906	$1,497,830
17	$2,628,400	-$932,838 -$124,849	$1,570,713
18	$2,759,840	-$981,471 -$131,092	$1,647,277
19	$2,897,840	-$1,032,531 -$137,647	$1,727,662
20	$3,042,720	-$1,086,137 -$144,529	$1,812,054
21	$3,194,880	-$1,142,436 -$151,757	$1,900,687
22	$3,354,640	-$1,201,547 -$159,345	$1,993,748
23	$3,522,320	-$1,263,589 -$167,310	$2,091,421
24	$3,698,480	-$1,328,768 -$175,678	$2,194,034
25	$3,883,360	-$1,397,174 -$184,460	$2,301,726
26	$4,077,600	-$1,469,042 -$193,686	$2,414,872
27	$4,281,440	-$1,544,463 -$203,368	$2,533,609
28	$4,495,520	-$1,623,673 -$213,537	$2,658,310
29	$4,720,320	-$1,706,849 -$224,215	$2,789,256
30	$4,956,320	-$1,794,169 -$235,425	$2,926,726