Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Ohio MEGA Millions Jackpot/Cash Option for Tue Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(3.99%)	$7,441,350
Net Lumpsum Payment	$110,093,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$266,037	$3,974,216
2	$7,001,172	-$2,550,764 -$279,347	$4,171,061
3	$7,351,142	-$2,680,253 -$293,311	$4,377,578
4	$7,718,832	-$2,816,298 -$307,981	$4,594,553
5	$8,104,685	-$2,959,064 -$323,377	$4,822,244
6	$8,510,030	-$3,109,041 -$339,550	$5,061,439
7	$8,935,310	-$3,266,395 -$356,519	$5,312,396
8	$9,382,297	-$3,431,780 -$374,354	$5,576,163
9	$9,851,434	-$3,605,361 -$393,072	$5,853,001
10	$10,344,050	-$3,787,629 -$412,728	$6,143,693
11	$10,861,031	-$3,978,912 -$433,355	$6,448,764
12	$11,404,149	-$4,179,866 -$455,026	$6,769,257
13	$11,974,290	-$4,390,818 -$477,774	$7,105,698
14	$12,573,226	-$4,612,424 -$501,672	$7,459,130
15	$13,201,843	-$4,845,012 -$526,754	$7,830,077
16	$13,861,913	-$5,089,238 -$553,090	$8,219,585
17	$14,554,765	-$5,345,593 -$580,735	$8,628,437
18	$15,282,614	-$5,614,898 -$609,776	$9,057,940
19	$16,046,789	-$5,897,642 -$640,267	$9,508,880
20	$16,849,062	-$6,194,483 -$672,278	$9,982,301
21	$17,691,648	-$6,506,240 -$705,897	$10,479,511
22	$18,576,319	-$6,833,568 -$741,195	$11,001,556
23	$19,504,847	-$7,177,124 -$778,243	$11,549,480
24	$20,480,333	-$7,538,054 -$817,165	$12,125,114
25	$21,504,106	-$7,916,850 -$858,014	$12,729,242
26	$22,579,710	-$8,314,823 -$900,930	$13,363,957
27	$23,708,474	-$8,732,466 -$945,968	$14,030,040
28	$24,893,942	-$9,171,089 -$993,268	$14,729,585
29	$26,138,772	-$9,631,676 -$1,042,937	$15,464,159
30	$27,445,622	-$10,115,211 -$1,095,080	$16,235,331