Oklahoma State Income Tax Rate on Lottery Winnings 2026 Calculator
The Oklahoma state income tax rate on lottery winnings 2026 is 5%. This calculator shows you your exact after-tax take-home from Powerball, Mega Millions, and other Oklahoma lottery games, including both federal and state taxes.
Oklahoma's 5% State Tax
Oklahoma imposes 5% on lottery winnings. On $60M, that's $3M in state taxes. Moderate nationally.
Total Tax Burden
Federal 37% + Oklahoma 5% = 42%. With federal gap, typically 40-42% of lump sum.
Sooner State Lottery
Oklahoma Lottery generates revenue for education.
Withholding
24% federal, 37% actual, plus 5% Oklahoma.
Lump Sum vs Annuity
5% for both. Annuity may help federal planning.
Regional Comparison
Oklahoma's 5% is standard for South Central region.
Tax Planning
Consult professionals before claiming.
Oklahoma Games
Powerball, Mega Millions, Oklahoma games all taxed at 5%.
Oklahoma Lottery Tax FAQ
Q:Oklahoma's tax rate?
Flat 5% on all lottery prizes.
Q:Total tax?
Federal 37% + Oklahoma 5% = 42%, typically 40-42% total.
Q:Lump sum vs annuity?
Both taxed at 5%.
Q:Reduce it?
No, mandatory 5% withholding.
Q:Move after?
If claimed in Oklahoma, 5% applies to that win.
Q:Regional comparison?
Oklahoma's 5% is standard for South Central region.
Q:Revenue?
Oklahoma lottery supports state education.