Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(3.99%)	$6,136,620
Net Lumpsum Payment	$90,797,050

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$207,785	$3,112,702
2	$5,468,184	-$1,983,558 -$218,181	$3,266,445
3	$5,741,524	-$2,084,694 -$229,087	$3,427,743
4	$6,028,704	-$2,190,951 -$240,545	$3,597,208
5	$6,330,070	-$2,302,456 -$252,570	$3,775,044
6	$6,646,660	-$2,419,595 -$265,202	$3,961,863
7	$6,978,820	-$2,542,494 -$278,455	$4,157,871
8	$7,327,934	-$2,671,666 -$292,385	$4,363,883
9	$7,694,348	-$2,807,239 -$307,004	$4,580,105
10	$8,079,100	-$2,949,597 -$322,356	$4,807,147
11	$8,482,882	-$3,098,997 -$338,467	$5,045,418
12	$8,907,078	-$3,255,949 -$355,392	$5,295,737
13	$9,352,380	-$3,420,711 -$373,160	$5,558,509
14	$9,820,172	-$3,593,794 -$391,825	$5,834,553
15	$10,311,146	-$3,775,454 -$411,415	$6,124,277
16	$10,826,686	-$3,966,204 -$431,985	$6,428,497
17	$11,367,830	-$4,166,427 -$453,576	$6,747,827
18	$11,936,308	-$4,376,764 -$476,259	$7,083,285
19	$12,533,158	-$4,597,599 -$500,073	$7,435,486
20	$13,159,764	-$4,829,443 -$525,075	$7,805,246
21	$13,817,856	-$5,072,937 -$551,332	$8,193,587
22	$14,508,818	-$5,328,593 -$578,902	$8,601,323
23	$15,234,034	-$5,596,923 -$607,838	$9,029,273
24	$15,995,926	-$5,878,823 -$638,237	$9,478,866
25	$16,795,532	-$6,174,677 -$670,142	$9,950,713
26	$17,635,620	-$6,485,510 -$703,661	$10,446,449
27	$18,517,228	-$6,811,705 -$738,837	$10,966,686
28	$19,443,124	-$7,154,286 -$775,781	$11,513,057
29	$20,415,384	-$7,514,022 -$814,574	$12,086,788
30	$21,436,084	-$7,891,681 -$855,300	$12,689,103