Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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 Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(3.99%)	$1,967,070
Net Lumpsum Payment	$29,131,600

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$67,260	$1,034,408
2	$1,770,048	-$615,248 -$70,625	$1,084,175
3	$1,858,528	-$647,986 -$74,155	$1,136,387
4	$1,951,488	-$682,381 -$77,864	$1,191,243
5	$2,049,040	-$718,475 -$81,757	$1,248,808
6	$2,151,520	-$756,393 -$85,846	$1,309,281
7	$2,259,040	-$796,175 -$90,136	$1,372,729
8	$2,372,048	-$837,988 -$94,645	$1,439,415
9	$2,490,656	-$881,873 -$99,377	$1,509,406
10	$2,615,200	-$927,954 -$104,346	$1,582,900
11	$2,745,904	-$976,315 -$109,562	$1,660,027
12	$2,883,216	-$1,027,120 -$115,040	$1,741,056
13	$3,027,360	-$1,080,454 -$120,792	$1,826,114
14	$3,178,784	-$1,136,480 -$126,833	$1,915,471
15	$3,337,712	-$1,195,284 -$133,175	$2,009,253
16	$3,504,592	-$1,257,029 -$139,833	$2,107,730
17	$3,679,760	-$1,321,842 -$146,822	$2,211,096
18	$3,863,776	-$1,389,928 -$154,165	$2,319,683
19	$4,056,976	-$1,461,412 -$161,873	$2,433,691
20	$4,259,808	-$1,536,459 -$169,966	$2,553,383
21	$4,472,832	-$1,615,278 -$178,466	$2,679,088
22	$4,696,496	-$1,698,034 -$187,390	$2,811,072
23	$4,931,248	-$1,784,892 -$196,757	$2,949,599
24	$5,177,872	-$1,876,143 -$206,597	$3,095,132
25	$5,436,704	-$1,971,911 -$216,924	$3,247,869
26	$5,708,640	-$2,072,527 -$227,775	$3,408,338
27	$5,994,016	-$2,178,116 -$239,161	$3,576,739
28	$6,293,728	-$2,289,010 -$251,120	$3,753,598
29	$6,608,448	-$2,405,456 -$263,677	$3,939,315
30	$6,938,848	-$2,527,704 -$276,860	$4,134,284