Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 30, 2025

Draw Date	Jackpot	Cash Option
Fri May 30, 2025	$189,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(3.99%)	$3,299,730
Net Lumpsum Payment	$48,840,940

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,844,639	-$1,012,847 -$113,501	$1,718,291
2	$2,986,956	-$1,065,504 -$119,180	$1,802,272
3	$3,136,266	-$1,120,749 -$125,137	$1,890,380
4	$3,293,136	-$1,178,791 -$131,396	$1,982,949
5	$3,457,755	-$1,239,700 -$137,964	$2,080,091
6	$3,630,690	-$1,303,686 -$144,865	$2,182,139
7	$3,812,130	-$1,370,818 -$152,104	$2,289,208
8	$4,002,831	-$1,441,378 -$159,713	$2,401,740
9	$4,202,982	-$1,515,434 -$167,699	$2,519,849
10	$4,413,150	-$1,593,196 -$176,085	$2,643,869
11	$4,633,713	-$1,674,804 -$184,885	$2,774,024
12	$4,865,427	-$1,760,538 -$194,131	$2,910,758
13	$5,108,670	-$1,850,538 -$203,836	$3,054,296
14	$5,364,198	-$1,945,084 -$214,032	$3,205,082
15	$5,632,389	-$2,044,314 -$224,732	$3,363,343
16	$5,913,999	-$2,148,510 -$235,969	$3,529,520
17	$6,209,595	-$2,257,881 -$247,763	$3,703,951
18	$6,520,122	-$2,372,776 -$260,153	$3,887,193
19	$6,846,147	-$2,493,405 -$273,161	$4,079,581
20	$7,188,426	-$2,620,048 -$286,818	$4,281,560
21	$7,547,904	-$2,753,055 -$301,161	$4,493,688
22	$7,925,337	-$2,892,705 -$316,221	$4,716,411
23	$8,321,481	-$3,039,278 -$332,027	$4,950,176
24	$8,737,659	-$3,193,264 -$348,633	$5,195,762
25	$9,174,438	-$3,354,872 -$366,060	$5,453,506
26	$9,633,330	-$3,524,662 -$384,370	$5,724,298
27	$10,114,902	-$3,702,844 -$403,585	$6,008,473
28	$10,620,666	-$3,889,977 -$423,765	$6,306,924
29	$11,151,756	-$4,086,480 -$444,955	$6,620,321
30	$11,709,306	-$4,292,774 -$467,201	$6,949,331