Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 20, 2025 is estimated to be $302 Million, with a cash option of 136 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 Jun 20, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 20, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(3.99%)	$5,426,400
Net Lumpsum Payment	$80,293,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$181,362	$2,721,911
2	$4,772,808	-$1,726,269 -$190,435	$2,856,104
3	$5,011,388	-$1,814,544 -$199,954	$2,996,890
4	$5,262,048	-$1,907,288 -$209,956	$3,144,804
5	$5,525,090	-$2,004,614 -$220,451	$3,300,025
6	$5,801,420	-$2,106,856 -$231,477	$3,463,087
7	$6,091,340	-$2,214,126 -$243,044	$3,634,170
8	$6,396,058	-$2,326,872 -$255,203	$3,813,983
9	$6,715,876	-$2,445,205 -$267,963	$4,002,708
10	$7,051,700	-$2,569,459 -$281,363	$4,200,878
11	$7,404,134	-$2,699,860 -$295,425	$4,408,849
12	$7,774,386	-$2,836,853 -$310,198	$4,627,335
13	$8,163,060	-$2,980,663 -$325,706	$4,856,691
14	$8,571,364	-$3,131,735 -$341,997	$5,097,632
15	$8,999,902	-$3,290,294 -$359,096	$5,350,512
16	$9,449,882	-$3,456,787 -$377,050	$5,616,045
17	$9,922,210	-$3,631,548 -$395,896	$5,894,766
18	$10,418,396	-$3,815,137 -$415,694	$6,187,565
19	$10,939,346	-$4,007,888 -$436,480	$6,494,978
20	$11,486,268	-$4,210,250 -$458,302	$6,817,716
21	$12,060,672	-$4,422,779 -$481,221	$7,156,672
22	$12,663,766	-$4,645,924 -$505,284	$7,512,558
23	$13,296,758	-$4,880,131 -$530,541	$7,886,086
24	$13,961,762	-$5,126,182 -$557,074	$8,278,506
25	$14,659,684	-$5,384,413 -$584,921	$8,690,350
26	$15,392,940	-$5,655,718 -$614,178	$9,123,044
27	$16,162,436	-$5,940,432 -$644,881	$9,577,123
28	$16,970,588	-$6,239,448 -$677,126	$10,054,014
29	$17,819,208	-$6,553,437 -$710,986	$10,554,785
30	$18,710,108	-$6,883,070 -$746,533	$11,080,505