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Oklahoma Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2025

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $520,000,000 for a ticket purchased in Oklahoma, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Oklahoma

Drawing Date:Fri, Oct 3, 2025
Jackpot:$520,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,826,746$2,851,853$352,204$4,622,689
2$8,218,084$2,996,648$369,814$4,851,622
3$8,628,988$3,148,683$388,304$5,092,001
4$9,060,437$3,308,319$407,720$5,344,399
5$9,513,459$3,475,937$428,106$5,609,416
6$9,989,132$3,651,936$449,511$5,887,685
7$10,488,589$3,836,735$471,986$6,179,867
8$11,013,018$4,030,774$495,586$6,486,658
9$11,563,669$4,234,515$520,365$6,808,789
10$12,141,852$4,448,443$546,383$7,147,026
11$12,748,945$4,673,067$573,703$7,502,176
12$13,386,392$4,908,922$602,388$7,875,082
13$14,055,712$5,156,571$632,507$8,266,634
14$14,758,498$5,416,601$664,132$8,677,764
15$15,496,422$5,689,633$697,339$9,109,450
16$16,271,244$5,976,317$732,206$9,562,720
17$17,084,805$6,277,335$768,816$10,038,654
18$17,939,046$6,593,404$807,257$10,538,385
19$18,835,998$6,925,276$847,620$11,063,102
20$19,777,798$7,273,743$890,001$11,614,055
21$20,766,688$7,639,632$934,501$12,192,555
22$21,805,022$8,023,815$981,226$12,799,981
23$22,895,273$8,427,208$1,030,287$13,437,778
24$24,040,037$8,850,771$1,081,802$14,107,464
25$25,242,039$9,295,512$1,135,892$14,810,635
26$26,504,141$9,762,489$1,192,686$15,548,965
27$27,829,348$10,252,816$1,252,321$16,324,211
28$29,220,815$10,767,659$1,314,937$17,138,220
29$30,681,856$11,308,244$1,380,684$17,992,928
30$32,215,949$11,875,858$1,449,718$18,890,373
Total$520,000,001$191,078,716$23,400,002$305,521,284

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.