Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(3.99%)	$4,540,620
Net Lumpsum Payment	$67,193,050

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$151,935	$2,286,714
2	$3,998,412	-$1,439,743 -$159,537	$2,399,132
3	$4,198,282	-$1,513,695 -$167,511	$2,517,076
4	$4,408,272	-$1,591,391 -$175,890	$2,640,991
5	$4,628,635	-$1,672,925 -$184,683	$2,771,027
6	$4,860,130	-$1,758,578 -$193,919	$2,907,633
7	$5,103,010	-$1,848,444 -$203,610	$3,050,956
8	$5,358,287	-$1,942,897 -$213,796	$3,201,594
9	$5,626,214	-$2,042,030 -$224,486	$3,359,698
10	$5,907,550	-$2,146,124 -$235,711	$3,525,715
11	$6,202,801	-$2,255,367 -$247,492	$3,699,942
12	$6,512,979	-$2,370,133 -$259,868	$3,882,978
13	$6,838,590	-$2,490,609 -$272,860	$4,075,121
14	$7,180,646	-$2,617,169 -$286,508	$4,276,969
15	$7,539,653	-$2,750,002 -$300,832	$4,488,819
16	$7,916,623	-$2,889,481 -$315,873	$4,711,269
17	$8,312,315	-$3,035,887 -$331,661	$4,944,767
18	$8,727,994	-$3,189,688 -$348,247	$5,190,059
19	$9,164,419	-$3,351,165 -$365,660	$5,447,594
20	$9,622,602	-$3,520,693 -$383,942	$5,717,967
21	$10,103,808	-$3,698,739 -$403,142	$6,001,927
22	$10,609,049	-$3,885,679 -$423,301	$6,300,069
23	$11,139,337	-$4,081,885 -$444,460	$6,612,992
24	$11,696,443	-$4,288,014 -$466,688	$6,941,741
25	$12,281,126	-$4,504,347 -$490,017	$7,286,762
26	$12,895,410	-$4,731,632 -$514,527	$7,649,251
27	$13,540,054	-$4,970,150 -$540,248	$8,029,656
28	$14,217,082	-$5,220,651 -$567,262	$8,429,169
29	$14,928,012	-$5,483,695 -$595,628	$8,848,689
30	$15,674,362	-$5,759,844 -$625,407	$9,289,111