Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Ohio MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(3.99%)	$2,709,210
Net Lumpsum Payment	$40,107,460

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$90,080	$1,371,909
2	$2,370,600	-$837,452 -$94,587	$1,438,561
3	$2,489,100	-$881,297 -$99,315	$1,508,488
4	$2,613,600	-$927,362 -$104,283	$1,581,955
5	$2,744,250	-$975,703 -$109,496	$1,659,051
6	$2,881,500	-$1,026,485 -$114,972	$1,740,043
7	$3,025,500	-$1,079,765 -$120,717	$1,825,018
8	$3,176,850	-$1,135,765 -$126,756	$1,914,329
9	$3,335,700	-$1,194,539 -$133,094	$2,008,067
10	$3,502,500	-$1,256,255 -$139,750	$2,106,495
11	$3,677,550	-$1,321,024 -$146,734	$2,209,792
12	$3,861,450	-$1,389,067 -$154,072	$2,318,311
13	$4,054,500	-$1,460,495 -$161,775	$2,432,230
14	$4,257,300	-$1,535,531 -$169,866	$2,551,903
15	$4,470,150	-$1,614,286 -$178,359	$2,677,505
16	$4,693,650	-$1,696,981 -$187,277	$2,809,392
17	$4,928,250	-$1,783,783 -$196,637	$2,947,830
18	$5,174,700	-$1,874,969 -$206,471	$3,093,260
19	$5,433,450	-$1,970,707 -$216,795	$3,245,948
20	$5,705,100	-$2,071,217 -$227,633	$3,406,250
21	$5,990,400	-$2,176,778 -$239,017	$3,574,605
22	$6,289,950	-$2,287,612 -$250,969	$3,751,369
23	$6,604,350	-$2,403,940 -$263,514	$3,936,896
24	$6,934,650	-$2,526,151 -$276,693	$4,131,806
25	$7,281,300	-$2,654,411 -$290,524	$4,336,365
26	$7,645,500	-$2,789,165 -$305,055	$4,551,280
27	$8,027,700	-$2,930,579 -$320,305	$4,776,816
28	$8,429,100	-$3,079,097 -$336,321	$5,013,682
29	$8,850,600	-$3,235,052 -$353,139	$5,262,409
30	$9,293,100	-$3,398,777 -$370,795	$5,523,528