Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(3.99%)	$5,570,040
Net Lumpsum Payment	$82,417,630

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$207,185	$3,103,819
2	$5,452,380	-$1,977,711 -$217,550	$3,257,119
3	$5,724,930	-$2,078,554 -$228,425	$3,417,951
4	$6,011,280	-$2,184,504 -$239,850	$3,586,926
5	$6,311,775	-$2,295,687 -$251,840	$3,764,248
6	$6,627,450	-$2,412,487 -$264,435	$3,950,528
7	$6,958,650	-$2,535,031 -$277,650	$4,145,969
8	$7,306,755	-$2,663,830 -$291,540	$4,351,385
9	$7,672,110	-$2,799,011 -$306,117	$4,566,982
10	$8,055,750	-$2,940,958 -$321,424	$4,793,368
11	$8,458,365	-$3,089,925 -$337,489	$5,030,951
12	$8,881,335	-$3,246,424 -$354,365	$5,280,546
13	$9,325,350	-$3,410,710 -$372,081	$5,542,559
14	$9,791,790	-$3,583,293 -$390,692	$5,817,805
15	$10,281,345	-$3,764,428 -$410,226	$6,106,691
16	$10,795,395	-$3,954,627 -$430,736	$6,410,032
17	$11,334,975	-$4,154,271 -$452,266	$6,728,438
18	$11,901,810	-$4,364,000 -$474,882	$7,062,928
19	$12,496,935	-$4,584,196 -$498,628	$7,414,111
20	$13,121,730	-$4,815,370 -$523,557	$7,782,803
21	$13,777,920	-$5,058,161 -$549,739	$8,170,020
22	$14,466,885	-$5,313,078 -$577,229	$8,576,578
23	$15,190,005	-$5,580,632 -$606,081	$9,003,292
24	$15,949,695	-$5,861,718 -$636,393	$9,451,584
25	$16,746,990	-$6,156,717 -$668,205	$9,922,068
26	$17,584,650	-$6,466,651 -$701,628	$10,416,371
27	$18,463,710	-$6,791,903 -$736,702	$10,935,105
28	$19,386,930	-$7,133,494 -$773,539	$11,479,897
29	$20,356,380	-$7,492,191 -$812,220	$12,051,969
30	$21,374,130	-$7,868,758 -$852,828	$12,652,544