Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(3.99%)	$1,444,380
Net Lumpsum Payment	$21,401,290

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$48,043	$750,197
2	$1,264,320	-$428,129 -$50,446	$785,745
3	$1,327,520	-$451,513 -$52,968	$823,039
4	$1,393,920	-$476,081 -$55,617	$862,222
5	$1,463,600	-$501,862 -$58,398	$903,340
6	$1,536,800	-$528,946 -$61,318	$946,536
7	$1,613,600	-$557,362 -$64,383	$991,855
8	$1,694,320	-$587,229 -$67,603	$1,039,488
9	$1,779,040	-$618,575 -$70,984	$1,089,481
10	$1,868,000	-$651,490 -$74,533	$1,141,977
11	$1,961,360	-$686,034 -$78,258	$1,197,068
12	$2,059,440	-$722,323 -$82,172	$1,254,945
13	$2,162,400	-$760,418 -$86,280	$1,315,702
14	$2,270,560	-$800,438 -$90,595	$1,379,527
15	$2,384,080	-$842,440 -$95,125	$1,446,515
16	$2,503,280	-$886,544 -$99,881	$1,516,855
17	$2,628,400	-$932,838 -$104,873	$1,590,689
18	$2,759,840	-$981,471 -$110,118	$1,668,251
19	$2,897,840	-$1,032,531 -$115,624	$1,749,685
20	$3,042,720	-$1,086,137 -$121,405	$1,835,178
21	$3,194,880	-$1,142,436 -$127,476	$1,924,968
22	$3,354,640	-$1,201,547 -$133,850	$2,019,243
23	$3,522,320	-$1,263,589 -$140,541	$2,118,190
24	$3,698,480	-$1,328,768 -$147,569	$2,222,143
25	$3,883,360	-$1,397,174 -$154,946	$2,331,240
26	$4,077,600	-$1,469,042 -$162,696	$2,445,862
27	$4,281,440	-$1,544,463 -$170,829	$2,566,148
28	$4,495,520	-$1,623,673 -$179,371	$2,692,476
29	$4,720,320	-$1,706,849 -$188,341	$2,825,130
30	$4,956,320	-$1,794,169 -$197,757	$2,964,394