Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 4, 2026 is estimated to be $60 Million, with a cash option of 25.5 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 Aug 4, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 4, 2026	$60,000,000	$25,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,500,000
Federal Tax(24%)	$6,120,000
Additional Federal Tax	$3,275,330
State Tax(3.99%)	$1,017,450
Net Lumpsum Payment	$15,087,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$36,032	$572,565
2	$948,240	-$311,179 -$37,835	$599,226
3	$995,640	-$328,717 -$39,726	$627,197
4	$1,045,440	-$347,143 -$41,713	$656,584
5	$1,097,700	-$366,479 -$43,798	$687,423
6	$1,152,600	-$386,792 -$45,989	$719,819
7	$1,210,200	-$408,104 -$48,287	$753,809
8	$1,270,740	-$430,504 -$50,703	$789,533
9	$1,334,280	-$454,014 -$53,238	$827,028
10	$1,401,000	-$478,700 -$55,900	$866,400
11	$1,471,020	-$504,608 -$58,694	$907,718
12	$1,544,580	-$531,825 -$61,629	$951,126
13	$1,621,800	-$560,396 -$64,710	$996,694
14	$1,702,920	-$590,411 -$67,947	$1,044,562
15	$1,788,060	-$621,913 -$71,344	$1,094,803
16	$1,877,460	-$654,991 -$74,911	$1,147,558
17	$1,971,300	-$689,711 -$78,655	$1,202,934
18	$2,069,880	-$726,186 -$82,588	$1,261,106
19	$2,173,380	-$764,481 -$86,718	$1,322,181
20	$2,282,040	-$804,685 -$91,053	$1,386,302
21	$2,396,160	-$846,910 -$95,607	$1,453,643
22	$2,515,980	-$891,243 -$100,388	$1,524,349
23	$2,641,740	-$937,774 -$105,405	$1,598,561
24	$2,773,860	-$986,659 -$110,677	$1,676,524
25	$2,912,520	-$1,037,963 -$116,210	$1,758,347
26	$3,058,200	-$1,091,864 -$122,022	$1,844,314
27	$3,211,080	-$1,148,430 -$128,122	$1,934,528
28	$3,371,640	-$1,207,837 -$134,528	$2,029,275
29	$3,540,240	-$1,270,219 -$141,256	$2,128,765
30	$3,717,240	-$1,335,709 -$148,318	$2,233,213