The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
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Draw Date | Fri Apr 4, 2025 | Projected Jackpot | $43,000,000 | Cash Value | $20,000,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $20,000,000 | Federal Tax(24%) | $4,800,000 | Additional Federal Tax | $2,560,330 | State Tax(4.75%) | $950,000 | Net Lumpsum Payment | $11,689,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$647,193 |
$199,792 $30,742 |
$416,659 |
2 |
$679,572 |
$211,772 $32,280 |
$435,520 |
3 |
$713,542 |
$224,341 $33,893 |
$455,308 |
4 |
$749,232 |
$237,546 $35,589 |
$476,097 |
5 |
$786,685 |
$251,404 $37,368 |
$497,913 |
6 |
$826,030 |
$265,961 $39,236 |
$520,833 |
7 |
$867,310 |
$281,235 $41,197 |
$544,878 |
8 |
$910,697 |
$297,288 $43,258 |
$570,151 |
9 |
$956,234 |
$314,137 $45,421 |
$596,676 |
10 |
$1,004,050 |
$331,829 $47,692 |
$624,529 |
11 |
$1,054,231 |
$350,396 $50,076 |
$653,759 |
12 |
$1,106,949 |
$369,902 $52,580 |
$684,467 |
13 |
$1,162,290 |
$390,378 $55,209 |
$716,703 |
14 |
$1,220,426 |
$411,888 $57,970 |
$750,568 |
15 |
$1,281,443 |
$434,464 $60,869 |
$786,110 |
16 |
$1,345,513 |
$458,170 $63,912 |
$823,431 |
17 |
$1,412,765 |
$483,053 $67,106 |
$862,606 |
18 |
$1,483,414 |
$509,194 $70,462 |
$903,758 |
19 |
$1,557,589 |
$536,638 $73,985 |
$946,966 |
20 |
$1,635,462 |
$565,451 $77,684 |
$992,327 |
21 |
$1,717,248 |
$595,712 $81,569 |
$1,039,967 |
22 |
$1,803,119 |
$627,484 $85,648 |
$1,089,987 |
23 |
$1,893,247 |
$660,832 $89,929 |
$1,142,486 |
24 |
$1,987,933 |
$695,866 $94,427 |
$1,197,640 |
25 |
$2,087,306 |
$732,634 $99,147 |
$1,255,525 |
26 |
$2,191,710 |
$771,263 $104,106 |
$1,316,341 |
27 |
$2,301,274 |
$811,802 $109,311 |
$1,380,161 |
28 |
$2,416,342 |
$854,377 $114,776 |
$1,447,189 |
29 |
$2,537,172 |
$899,084 $120,516 |
$1,517,572 |
30 |
$2,664,022 |
$946,019 $126,541 |
$1,591,462 |
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