Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 27, 2026 is estimated to be $285 Million, with a cash option of 128.6 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Ohio, your state will take 3.99% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Ohio MEGA Millions Jackpot/Cash Option for Tue Jan 27, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 27, 2026	$285,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(3.99%)	$5,131,140
Net Lumpsum Payment	$75,926,530

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,289,535	-$1,547,458 -$171,152	$2,570,925
2	$4,504,140	-$1,626,862 -$179,715	$2,697,563
3	$4,729,290	-$1,710,168 -$188,699	$2,830,423
4	$4,965,840	-$1,797,691 -$198,137	$2,970,012
5	$5,214,075	-$1,889,538 -$208,042	$3,116,495
6	$5,474,850	-$1,986,025 -$218,447	$3,270,378
7	$5,748,450	-$2,087,257 -$229,363	$3,431,830
8	$6,036,015	-$2,193,656 -$240,837	$3,601,522
9	$6,337,830	-$2,305,327 -$252,879	$3,779,624
10	$6,654,750	-$2,422,588 -$265,525	$3,966,637
11	$6,987,345	-$2,545,648 -$278,795	$4,162,902
12	$7,336,755	-$2,674,930 -$292,737	$4,369,088
13	$7,703,550	-$2,810,644 -$307,372	$4,585,534
14	$8,088,870	-$2,953,212 -$322,746	$4,812,912
15	$8,493,285	-$3,102,846 -$338,882	$5,051,557
16	$8,917,935	-$3,259,966 -$355,826	$5,302,143
17	$9,363,675	-$3,424,890 -$373,611	$5,565,174
18	$9,831,930	-$3,598,144 -$392,294	$5,841,492
19	$10,323,555	-$3,780,046 -$411,910	$6,131,599
20	$10,839,690	-$3,971,016 -$432,504	$6,436,170
21	$11,381,760	-$4,171,582 -$454,132	$6,756,046
22	$11,950,905	-$4,382,165 -$476,841	$7,091,899
23	$12,548,265	-$4,603,188 -$500,676	$7,444,401
24	$13,175,835	-$4,835,389 -$525,716	$7,814,730
25	$13,834,470	-$5,079,084 -$551,995	$8,203,391
26	$14,526,450	-$5,335,117 -$579,605	$8,611,728
27	$15,252,630	-$5,603,803 -$608,580	$9,040,247
28	$16,015,290	-$5,885,988 -$639,010	$9,490,292
29	$16,816,140	-$6,182,302 -$670,964	$9,962,874
30	$17,656,890	-$6,493,380 -$704,510	$10,459,000