Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 May 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(3.99%)	$1,807,470
Net Lumpsum Payment	$26,771,200

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$60,053	$927,830
2	$1,580,400	-$545,078 -$63,058	$972,264
3	$1,659,400	-$574,308 -$66,210	$1,018,882
4	$1,742,400	-$605,018 -$69,522	$1,067,860
5	$1,829,500	-$637,245 -$72,997	$1,119,258
6	$1,921,000	-$671,100 -$76,648	$1,173,252
7	$2,017,000	-$706,620 -$80,478	$1,229,902
8	$2,117,900	-$743,953 -$84,504	$1,289,443
9	$2,223,800	-$783,136 -$88,730	$1,351,934
10	$2,335,000	-$824,280 -$93,167	$1,417,553
11	$2,451,700	-$867,459 -$97,823	$1,486,418
12	$2,574,300	-$912,821 -$102,715	$1,558,764
13	$2,703,000	-$960,440 -$107,850	$1,634,710
14	$2,838,200	-$1,010,464 -$113,244	$1,714,492
15	$2,980,100	-$1,062,967 -$118,906	$1,798,227
16	$3,129,100	-$1,118,097 -$124,851	$1,886,152
17	$3,285,500	-$1,175,965 -$131,091	$1,978,444
18	$3,449,800	-$1,236,756 -$137,647	$2,075,397
19	$3,622,300	-$1,300,581 -$144,530	$2,177,189
20	$3,803,400	-$1,367,588 -$151,756	$2,284,056
21	$3,993,600	-$1,437,962 -$159,345	$2,396,293
22	$4,193,300	-$1,511,851 -$167,313	$2,514,136
23	$4,402,900	-$1,589,403 -$175,676	$2,637,821
24	$4,623,100	-$1,670,877 -$184,462	$2,767,761
25	$4,854,200	-$1,756,384 -$193,683	$2,904,133
26	$5,097,000	-$1,846,220 -$203,370	$3,047,410
27	$5,351,800	-$1,940,496 -$213,537	$3,197,767
28	$5,619,400	-$2,039,508 -$224,214	$3,355,678
29	$5,900,400	-$2,143,478 -$235,426	$3,521,496
30	$6,195,400	-$2,252,628 -$247,196	$3,695,576