The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 Tue Apr 29, 2025 |
|---|
| Draw Date | Tue Apr 29, 2025 | | Projected Jackpot | $70,000,000 | | Cash Value | $31,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,800,000 | | Federal Tax(24%) | $7,632,000 | | Additional Federal Tax | $4,094,330 | | State Tax(4.75%) | $1,510,500 | | Net Lumpsum Payment | $18,563,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,053,570 |
$350,151
$50,045 |
$653,374 |
| 2 |
$1,106,280 |
$369,654
$52,548 |
$684,078 |
| 3 |
$1,161,580 |
$390,115
$55,175 |
$716,290 |
| 4 |
$1,219,680 |
$411,612
$57,935 |
$750,133 |
| 5 |
$1,280,650 |
$434,171
$60,831 |
$785,648 |
| 6 |
$1,344,700 |
$457,869
$63,873 |
$822,958 |
| 7 |
$1,411,900 |
$482,733
$67,065 |
$862,102 |
| 8 |
$1,482,530 |
$508,866
$70,420 |
$903,244 |
| 9 |
$1,556,660 |
$536,295
$73,941 |
$946,424 |
| 10 |
$1,634,500 |
$565,095
$77,639 |
$991,766 |
| 11 |
$1,716,190 |
$595,321
$81,519 |
$1,039,350 |
| 12 |
$1,802,010 |
$627,074
$85,595 |
$1,089,341 |
| 13 |
$1,892,100 |
$660,407
$89,875 |
$1,141,818 |
| 14 |
$1,986,740 |
$695,424
$94,370 |
$1,196,946 |
| 15 |
$2,086,070 |
$732,176
$99,088 |
$1,254,806 |
| 16 |
$2,190,370 |
$770,767
$104,043 |
$1,315,560 |
| 17 |
$2,299,850 |
$811,275
$109,243 |
$1,379,332 |
| 18 |
$2,414,860 |
$853,829
$114,706 |
$1,446,325 |
| 19 |
$2,535,610 |
$898,506
$120,441 |
$1,516,663 |
| 20 |
$2,662,380 |
$945,411
$126,463 |
$1,590,506 |
| 21 |
$2,795,520 |
$994,673
$132,787 |
$1,668,060 |
| 22 |
$2,935,310 |
$1,046,395
$139,427 |
$1,749,488 |
| 23 |
$3,082,030 |
$1,100,681
$146,396 |
$1,834,953 |
| 24 |
$3,236,170 |
$1,157,713
$153,718 |
$1,924,739 |
| 25 |
$3,397,940 |
$1,217,568
$161,402 |
$2,018,970 |
| 26 |
$3,567,900 |
$1,280,453
$169,475 |
$2,117,972 |
| 27 |
$3,746,260 |
$1,346,447
$177,947 |
$2,221,866 |
| 28 |
$3,933,580 |
$1,415,755
$186,845 |
$2,330,980 |
| 29 |
$4,130,280 |
$1,488,534
$196,188 |
$2,445,558 |
| 30 |
$4,336,780 |
$1,564,939
$205,997 |
$2,565,844 |
|
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