Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(3.99%)	$3,267,810
Net Lumpsum Payment	$48,368,860

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$108,096	$1,638,357
2	$2,844,720	-$1,012,877 -$113,504	$1,718,339
3	$2,986,920	-$1,065,491 -$119,178	$1,802,251
4	$3,136,320	-$1,120,769 -$125,139	$1,890,412
5	$3,293,100	-$1,178,777 -$131,395	$1,982,928
6	$3,457,800	-$1,239,716 -$137,966	$2,080,118
7	$3,630,600	-$1,303,652 -$144,861	$2,182,087
8	$3,812,220	-$1,370,852 -$152,108	$2,289,260
9	$4,002,840	-$1,441,381 -$159,713	$2,401,746
10	$4,203,000	-$1,515,440 -$167,700	$2,519,860
11	$4,413,060	-$1,593,163 -$176,081	$2,643,816
12	$4,633,740	-$1,674,814 -$184,886	$2,774,040
13	$4,865,400	-$1,760,528 -$194,129	$2,910,743
14	$5,108,760	-$1,850,572 -$203,840	$3,054,348
15	$5,364,180	-$1,945,077 -$214,031	$3,205,072
16	$5,632,380	-$2,044,311 -$224,732	$3,363,337
17	$5,913,900	-$2,148,473 -$235,965	$3,529,462
18	$6,209,640	-$2,257,897 -$247,765	$3,703,978
19	$6,520,140	-$2,372,782 -$260,154	$3,887,204
20	$6,846,120	-$2,493,395 -$273,160	$4,079,565
21	$7,188,480	-$2,620,068 -$286,820	$4,281,592
22	$7,547,940	-$2,753,068 -$301,163	$4,493,709
23	$7,925,220	-$2,892,662 -$316,216	$4,716,342
24	$8,321,580	-$3,039,315 -$332,031	$4,950,234
25	$8,737,560	-$3,193,228 -$348,629	$5,195,703
26	$9,174,600	-$3,354,932 -$366,067	$5,453,601
27	$9,633,240	-$3,524,629 -$384,366	$5,724,245
28	$10,114,920	-$3,702,851 -$403,585	$6,008,484
29	$10,620,720	-$3,889,997 -$423,767	$6,306,956
30	$11,151,720	-$4,086,467 -$444,954	$6,620,299