Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 18, 2025 is estimated to be $50 Million, with a cash option of 22.1 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 Fri Jul 18, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 18, 2025	$50,000,000	$22,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,100,000
Federal Tax(24%)	$5,304,000
Additional Federal Tax	$2,833,330
State Tax(3.99%)	$881,790
Net Lumpsum Payment	$13,080,880

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$30,027	$483,749
2	$790,200	-$252,704 -$31,529	$505,967
3	$829,700	-$267,319 -$33,105	$529,276
4	$871,200	-$282,674 -$34,761	$553,765
5	$914,750	-$298,788 -$36,499	$579,463
6	$960,500	-$315,715 -$38,324	$606,461
7	$1,008,500	-$333,475 -$40,239	$634,786
8	$1,058,950	-$352,142 -$42,252	$664,556
9	$1,111,900	-$371,733 -$44,365	$695,802
10	$1,167,500	-$392,305 -$46,583	$728,612
11	$1,225,850	-$413,895 -$48,911	$763,044
12	$1,287,150	-$436,576 -$51,357	$799,217
13	$1,351,500	-$460,385 -$53,925	$837,190
14	$1,419,100	-$485,397 -$56,622	$877,081
15	$1,490,050	-$511,649 -$59,453	$918,948
16	$1,564,550	-$539,214 -$62,426	$962,910
17	$1,642,750	-$568,148 -$65,546	$1,009,056
18	$1,724,900	-$598,543 -$68,824	$1,057,533
19	$1,811,150	-$630,456 -$72,265	$1,108,429
20	$1,901,700	-$663,959 -$75,878	$1,161,863
21	$1,996,800	-$699,146 -$79,672	$1,217,982
22	$2,096,650	-$736,091 -$83,656	$1,276,903
23	$2,201,450	-$774,867 -$87,838	$1,338,745
24	$2,311,550	-$815,604 -$92,231	$1,403,715
25	$2,427,100	-$858,357 -$96,841	$1,471,902
26	$2,548,500	-$903,275 -$101,685	$1,543,540
27	$2,675,900	-$950,413 -$106,768	$1,618,719
28	$2,809,700	-$999,919 -$112,107	$1,697,674
29	$2,950,200	-$1,051,904 -$117,713	$1,780,583
30	$3,097,700	-$1,106,479 -$123,598	$1,867,623