The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 Sep 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(4.75%) | $5,894,750 | | Net Lumpsum Payment | $72,327,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$214,477 |
$2,669,832 |
| 2 |
$4,741,200 |
$1,714,574
$225,207 |
$2,801,419 |
| 3 |
$4,978,200 |
$1,802,264
$236,465 |
$2,939,471 |
| 4 |
$5,227,200 |
$1,894,394
$248,292 |
$3,084,514 |
| 5 |
$5,488,500 |
$1,991,075
$260,704 |
$3,236,721 |
| 6 |
$5,763,000 |
$2,092,640
$273,743 |
$3,396,617 |
| 7 |
$6,051,000 |
$2,199,200
$287,423 |
$3,564,377 |
| 8 |
$6,353,700 |
$2,311,199
$301,801 |
$3,740,700 |
| 9 |
$6,671,400 |
$2,428,748
$316,892 |
$3,925,760 |
| 10 |
$7,005,000 |
$2,552,180
$332,738 |
$4,120,082 |
| 11 |
$7,355,100 |
$2,681,717
$349,367 |
$4,324,016 |
| 12 |
$7,722,900 |
$2,817,803
$366,838 |
$4,538,259 |
| 13 |
$8,109,000 |
$2,960,660
$385,178 |
$4,763,162 |
| 14 |
$8,514,600 |
$3,110,732
$404,444 |
$4,999,424 |
| 15 |
$8,940,300 |
$3,268,241
$424,664 |
$5,247,395 |
| 16 |
$9,387,300 |
$3,433,631
$445,897 |
$5,507,772 |
| 17 |
$9,856,500 |
$3,607,235
$468,184 |
$5,781,081 |
| 18 |
$10,349,400 |
$3,789,608
$491,597 |
$6,068,195 |
| 19 |
$10,866,900 |
$3,981,083
$516,178 |
$6,369,639 |
| 20 |
$11,410,200 |
$4,182,104
$541,985 |
$6,686,111 |
| 21 |
$11,980,800 |
$4,393,226
$569,088 |
$7,018,486 |
| 22 |
$12,579,900 |
$4,614,893
$597,545 |
$7,367,462 |
| 23 |
$13,208,700 |
$4,847,549
$627,413 |
$7,733,738 |
| 24 |
$13,869,300 |
$5,091,971
$658,792 |
$8,118,537 |
| 25 |
$14,562,600 |
$5,348,492
$691,724 |
$8,522,384 |
| 26 |
$15,291,000 |
$5,618,000
$726,323 |
$8,946,677 |
| 27 |
$16,055,400 |
$5,900,828
$762,632 |
$9,391,940 |
| 28 |
$16,858,200 |
$6,197,864
$800,765 |
$9,859,571 |
| 29 |
$17,701,200 |
$6,509,774
$840,807 |
$10,350,619 |
| 30 |
$18,586,200 |
$6,837,224
$882,845 |
$10,866,131 |
|
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