The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025 |
Draw Date |
Tue Jun 10, 2025 |
Projected Jackpot |
$243,000,000 |
Cash Value |
$108,000,000 |
Lumpsum Option Taxes and Payment |
Cash Gross Payment |
$108,000,000 |
Federal Tax(24%) |
$25,920,000 |
Additional Federal Tax |
$14,000,330 |
State Tax(4.75%) |
$5,130,000 |
Net Lumpsum Payment |
$62,949,670 |
Annuity Payment in 30 Installations |
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,657,393 |
$1,313,566
$173,726 |
$2,170,101 |
2 |
$3,840,372 |
$1,381,268
$182,418 |
$2,276,686 |
3 |
$4,032,342 |
$1,452,297
$191,536 |
$2,388,509 |
4 |
$4,234,032 |
$1,526,922
$201,117 |
$2,505,993 |
5 |
$4,445,685 |
$1,605,234
$211,170 |
$2,629,281 |
6 |
$4,668,030 |
$1,687,501
$221,731 |
$2,758,798 |
7 |
$4,901,310 |
$1,773,815
$232,812 |
$2,894,683 |
8 |
$5,146,497 |
$1,864,534
$244,459 |
$3,037,504 |
9 |
$5,403,834 |
$1,959,749
$256,682 |
$3,187,403 |
10 |
$5,674,050 |
$2,059,729
$269,517 |
$3,344,804 |
11 |
$5,957,631 |
$2,164,654
$282,987 |
$3,509,990 |
12 |
$6,255,549 |
$2,274,884
$297,139 |
$3,683,526 |
13 |
$6,568,290 |
$2,390,598
$311,994 |
$3,865,698 |
14 |
$6,896,826 |
$2,512,156
$327,599 |
$4,057,071 |
15 |
$7,241,643 |
$2,639,738
$343,978 |
$4,257,927 |
16 |
$7,603,713 |
$2,773,704
$361,176 |
$4,468,833 |
17 |
$7,983,765 |
$2,914,323
$379,229 |
$4,690,213 |
18 |
$8,383,014 |
$3,062,046
$398,193 |
$4,922,775 |
19 |
$8,802,189 |
$3,217,140
$418,104 |
$5,166,945 |
20 |
$9,242,262 |
$3,379,967
$439,007 |
$5,423,288 |
21 |
$9,704,448 |
$3,550,976
$460,961 |
$5,692,511 |
22 |
$10,189,719 |
$3,730,526
$484,012 |
$5,975,181 |
23 |
$10,699,047 |
$3,918,978
$508,205 |
$6,271,864 |
24 |
$11,234,133 |
$4,116,960
$533,621 |
$6,583,552 |
25 |
$11,795,706 |
$4,324,742
$560,296 |
$6,910,668 |
26 |
$12,385,710 |
$4,543,043
$588,321 |
$7,254,346 |
27 |
$13,004,874 |
$4,772,134
$617,732 |
$7,615,008 |
28 |
$13,655,142 |
$5,012,733
$648,619 |
$7,993,790 |
29 |
$14,337,972 |
$5,265,380
$681,054 |
$8,391,538 |
30 |
$15,054,822 |
$5,530,615
$715,104 |
$8,809,103 |
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