Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 30, 2025 is estimated to be $497 Million, with a cash option of 229.5 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 Sep 30, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 30, 2025	$497,000,000	$229,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$229,500,000
Federal Tax(24%)	$55,080,000
Additional Federal Tax	$29,795,330
State Tax(3.99%)	$9,157,050
Net Lumpsum Payment	$135,467,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,480,347	-$2,728,059 -$298,466	$4,453,822
2	$7,854,588	-$2,866,528 -$313,398	$4,674,662
3	$8,247,218	-$3,011,801 -$329,064	$4,906,353
4	$8,659,728	-$3,164,430 -$345,523	$5,149,775
5	$9,092,615	-$3,324,598 -$362,795	$5,405,222
6	$9,547,370	-$3,492,857 -$380,940	$5,673,573
7	$10,024,490	-$3,669,392 -$399,977	$5,955,121
8	$10,525,963	-$3,854,937 -$419,986	$6,251,040
9	$11,052,286	-$4,049,676 -$440,986	$6,561,624
10	$11,604,950	-$4,254,162 -$463,038	$6,887,750
11	$12,184,949	-$4,468,762 -$486,179	$7,230,008
12	$12,794,271	-$4,694,211 -$510,491	$7,589,569
13	$13,433,910	-$4,930,877 -$536,013	$7,967,020
14	$14,105,854	-$5,179,496 -$562,824	$8,363,534
15	$14,811,097	-$5,440,436 -$590,963	$8,779,698
16	$15,551,627	-$5,714,432 -$620,510	$9,216,685
17	$16,328,935	-$6,002,036 -$651,525	$9,675,374
18	$17,145,506	-$6,304,168 -$684,106	$10,157,232
19	$18,002,831	-$6,621,378 -$718,313	$10,663,140
20	$18,902,898	-$6,954,403 -$754,226	$11,194,269
21	$19,848,192	-$7,304,161 -$791,943	$11,752,088
22	$20,840,701	-$7,671,390 -$831,544	$12,337,767
23	$21,882,413	-$8,056,823 -$873,108	$12,952,482
24	$22,976,807	-$8,461,749 -$916,775	$13,598,283
25	$24,125,374	-$8,886,719 -$962,602	$14,276,053
26	$25,332,090	-$9,333,204 -$1,010,750	$14,988,136
27	$26,598,446	-$9,801,755 -$1,061,278	$15,735,413
28	$27,928,418	-$10,293,845 -$1,114,344	$16,520,229
29	$29,324,988	-$10,810,576 -$1,170,067	$17,344,345
30	$30,791,138	-$11,353,051 -$1,228,566	$18,209,521