Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Tue Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(3.99%)	$530,670
Net Lumpsum Payment	$7,888,000

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$17,416	$297,235
2	$458,316	-$129,907 -$18,287	$310,122
3	$481,226	-$138,384 -$19,201	$323,641
4	$505,296	-$147,290 -$20,161	$337,845
5	$530,555	-$156,636 -$21,169	$352,750
6	$557,090	-$166,454 -$22,228	$368,408
7	$584,930	-$176,754 -$23,339	$384,837
8	$614,191	-$187,581 -$24,506	$402,104
9	$644,902	-$198,944 -$25,732	$420,226
10	$677,150	-$210,876 -$27,018	$439,256
11	$710,993	-$223,398 -$28,369	$459,226
12	$746,547	-$236,553 -$29,787	$480,207
13	$783,870	-$250,362 -$31,276	$502,232
14	$823,078	-$264,869 -$32,841	$525,368
15	$864,229	-$280,095 -$34,483	$549,651
16	$907,439	-$296,083 -$36,207	$575,149
17	$952,795	-$312,865 -$38,017	$601,913
18	$1,000,442	-$330,494 -$39,918	$630,030
19	$1,050,467	-$349,003 -$41,914	$659,550
20	$1,102,986	-$368,435 -$44,009	$690,542
21	$1,158,144	-$388,844 -$46,210	$723,090
22	$1,216,057	-$410,271 -$48,521	$757,265
23	$1,276,841	-$432,762 -$50,946	$793,133
24	$1,340,699	-$456,389 -$53,494	$830,816
25	$1,407,718	-$481,186 -$56,168	$870,364
26	$1,478,130	-$507,238 -$58,977	$911,915
27	$1,552,022	-$534,579 -$61,926	$955,517
28	$1,629,626	-$563,292 -$65,022	$1,001,312
29	$1,711,116	-$593,443 -$68,274	$1,049,399
30	$1,796,666	-$625,097 -$71,687	$1,099,882