Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(3.99%)	$8,418,900
Net Lumpsum Payment	$124,550,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$280,450	$4,187,374
2	$7,380,468	-$2,691,104 -$294,481	$4,394,883
3	$7,749,398	-$2,827,608 -$309,201	$4,612,589
4	$8,137,008	-$2,971,023 -$324,667	$4,841,318
5	$8,543,765	-$3,121,523 -$340,896	$5,081,346
6	$8,971,070	-$3,279,626 -$357,946	$5,333,498
7	$9,419,390	-$3,445,505 -$375,834	$5,598,051
8	$9,890,593	-$3,619,850 -$394,635	$5,876,108
9	$10,385,146	-$3,802,834 -$414,367	$6,167,945
10	$10,904,450	-$3,994,977 -$435,088	$6,474,385
11	$11,449,439	-$4,196,623 -$456,833	$6,795,983
12	$12,021,981	-$4,408,463 -$479,677	$7,133,841
13	$12,623,010	-$4,630,844 -$503,658	$7,488,508
14	$13,254,394	-$4,864,456 -$528,850	$7,861,088
15	$13,917,067	-$5,109,645 -$555,291	$8,252,131
16	$14,612,897	-$5,367,102 -$583,055	$8,662,740
17	$15,343,285	-$5,637,346 -$612,197	$9,093,742
18	$16,110,566	-$5,921,240 -$642,812	$9,546,514
19	$16,916,141	-$6,219,303 -$674,954	$10,021,884
20	$17,761,878	-$6,532,225 -$708,699	$10,520,954
21	$18,650,112	-$6,860,872 -$744,139	$11,045,101
22	$19,582,711	-$7,205,933 -$781,350	$11,595,428
23	$20,561,543	-$7,568,101 -$820,406	$12,173,036
24	$21,589,877	-$7,948,585 -$861,436	$12,779,856
25	$22,669,114	-$8,347,903 -$904,498	$13,416,713
26	$23,802,990	-$8,767,437 -$949,739	$14,085,814
27	$24,992,906	-$9,207,706 -$997,217	$14,787,983
28	$26,242,598	-$9,670,092 -$1,047,080	$15,525,426
29	$27,554,868	-$10,155,632 -$1,099,439	$16,299,797
30	$28,932,518	-$10,665,362 -$1,154,407	$17,112,749