The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 Nov 22, 2024 |
|---|
| Draw Date | Fri Nov 22, 2024 | | Projected Jackpot | $453,000,000 | | Cash Value | $209,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $209,600,000 | | Federal Tax(24%) | $50,304,000 | | Additional Federal Tax | $27,208,330 | | State Tax(4.75%) | $9,956,000 | | Net Lumpsum Payment | $122,131,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,818,103 |
$2,483,028
$323,860 |
$4,011,215 |
| 2 |
$7,159,212 |
$2,609,239
$340,063 |
$4,209,910 |
| 3 |
$7,517,082 |
$2,741,651
$357,061 |
$4,418,370 |
| 4 |
$7,893,072 |
$2,880,767
$374,921 |
$4,637,384 |
| 5 |
$8,287,635 |
$3,026,755
$393,663 |
$4,867,217 |
| 6 |
$8,702,130 |
$3,180,118
$413,351 |
$5,108,661 |
| 7 |
$9,137,010 |
$3,341,024
$434,008 |
$5,361,978 |
| 8 |
$9,594,087 |
$3,510,143
$455,719 |
$5,628,225 |
| 9 |
$10,073,814 |
$3,687,642
$478,506 |
$5,907,666 |
| 10 |
$10,577,550 |
$3,874,024
$502,434 |
$6,201,092 |
| 11 |
$11,106,201 |
$4,069,625
$527,545 |
$6,509,031 |
| 12 |
$11,661,579 |
$4,275,115
$553,925 |
$6,832,539 |
| 13 |
$12,244,590 |
$4,490,829
$581,618 |
$7,172,143 |
| 14 |
$12,857,046 |
$4,717,437
$610,710 |
$7,528,899 |
| 15 |
$13,499,853 |
$4,955,276
$641,243 |
$7,903,334 |
| 16 |
$14,174,823 |
$5,205,015
$673,304 |
$8,296,504 |
| 17 |
$14,883,315 |
$5,467,157
$706,957 |
$8,709,201 |
| 18 |
$15,627,594 |
$5,742,540
$742,311 |
$9,142,743 |
| 19 |
$16,409,019 |
$6,031,667
$779,428 |
$9,597,924 |
| 20 |
$17,229,402 |
$6,335,209
$818,397 |
$10,075,796 |
| 21 |
$18,091,008 |
$6,654,003
$859,323 |
$10,577,682 |
| 22 |
$18,995,649 |
$6,988,721
$902,293 |
$11,104,635 |
| 23 |
$19,945,137 |
$7,340,031
$947,394 |
$11,657,712 |
| 24 |
$20,942,643 |
$7,709,108
$994,776 |
$12,238,759 |
| 25 |
$21,989,526 |
$8,096,455
$1,044,502 |
$12,848,569 |
| 26 |
$23,089,410 |
$8,503,412
$1,096,747 |
$13,489,251 |
| 27 |
$24,243,654 |
$8,930,482
$1,151,574 |
$14,161,598 |
| 28 |
$25,455,882 |
$9,379,007
$1,209,154 |
$14,867,721 |
| 29 |
$26,728,812 |
$9,849,991
$1,269,619 |
$15,609,202 |
| 30 |
$28,065,162 |
$10,344,440
$1,333,095 |
$16,387,627 |
|
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