Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 28, 2025 is estimated to be $714 Million, with a cash option of 334.1 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 Oct 28, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 28, 2025	$714,000,000	$334,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$334,100,000
Federal Tax(24%)	$80,184,000
Additional Federal Tax	$43,393,330
State Tax(3.99%)	$13,330,590
Net Lumpsum Payment	$197,192,080

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,746,414	-$3,936,504 -$428,782	$6,381,128
2	$11,284,056	-$4,135,431 -$450,234	$6,698,391
3	$11,848,116	-$4,344,133 -$472,740	$7,031,243
4	$12,440,736	-$4,563,403 -$496,385	$7,380,948
5	$13,062,630	-$4,793,503 -$521,199	$7,747,928
6	$13,715,940	-$5,035,228 -$547,266	$8,133,446
7	$14,401,380	-$5,288,841 -$574,615	$8,537,924
8	$15,121,806	-$5,555,399 -$603,360	$8,963,047
9	$15,877,932	-$5,835,165 -$633,529	$9,409,238
10	$16,671,900	-$6,128,933 -$665,209	$9,877,758
11	$17,505,138	-$6,437,231 -$698,455	$10,369,452
12	$18,380,502	-$6,761,116 -$733,382	$10,886,004
13	$19,299,420	-$7,101,116 -$770,047	$11,428,257
14	$20,264,748	-$7,458,287 -$808,563	$11,997,898
15	$21,277,914	-$7,833,159 -$848,989	$12,595,766
16	$22,341,774	-$8,226,787 -$891,437	$13,223,550
17	$23,458,470	-$8,639,964 -$935,993	$13,882,513
18	$24,631,572	-$9,074,012 -$982,800	$14,574,760
19	$25,863,222	-$9,529,723 -$1,031,943	$15,301,556
20	$27,156,276	-$10,008,153 -$1,083,535	$16,064,588
21	$28,514,304	-$10,510,623 -$1,137,721	$16,865,960
22	$29,940,162	-$11,038,190 -$1,194,612	$17,707,360
23	$31,436,706	-$11,591,912 -$1,254,325	$18,590,469
24	$33,008,934	-$12,173,636 -$1,317,056	$19,518,242
25	$34,658,988	-$12,784,156 -$1,382,894	$20,491,938
26	$36,392,580	-$13,425,585 -$1,452,064	$21,514,931
27	$38,211,852	-$14,098,716 -$1,524,653	$22,588,483
28	$40,122,516	-$14,805,661 -$1,600,888	$23,715,967
29	$42,128,856	-$15,548,007 -$1,680,941	$24,899,908
30	$44,235,156	-$16,327,338 -$1,764,983	$26,142,835