Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(3.99%)	$14,830,830
Net Lumpsum Payment	$219,379,840

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$480,428	$7,144,946
2	$12,643,200	-$4,638,314 -$504,464	$7,500,422
3	$13,275,200	-$4,872,154 -$529,680	$7,873,366
4	$13,939,200	-$5,117,834 -$556,174	$8,265,192
5	$14,636,000	-$5,375,650 -$583,976	$8,676,374
6	$15,368,000	-$5,646,490 -$613,183	$9,108,327
7	$16,136,000	-$5,930,650 -$643,826	$9,561,524
8	$16,943,200	-$6,229,314 -$676,034	$10,037,852
9	$17,790,400	-$6,542,778 -$709,837	$10,537,785
10	$18,680,000	-$6,871,930 -$745,332	$11,062,738
11	$19,613,600	-$7,217,362 -$782,583	$11,613,655
12	$20,594,400	-$7,580,258 -$821,717	$12,192,425
13	$21,624,000	-$7,961,210 -$862,798	$12,799,992
14	$22,705,600	-$8,361,402 -$905,953	$13,438,245
15	$23,840,800	-$8,781,426 -$951,248	$14,108,126
16	$25,032,800	-$9,222,466 -$998,809	$14,811,525
17	$26,284,000	-$9,685,410 -$1,048,732	$15,549,858
18	$27,598,400	-$10,171,738 -$1,101,176	$16,325,486
19	$28,978,400	-$10,682,338 -$1,156,238	$17,139,824
20	$30,427,200	-$11,218,394 -$1,214,045	$17,994,761
21	$31,948,800	-$11,781,386 -$1,274,757	$18,892,657
22	$33,546,400	-$12,372,498 -$1,338,501	$19,835,401
23	$35,223,200	-$12,992,914 -$1,405,406	$20,824,880
24	$36,984,800	-$13,644,706 -$1,475,694	$21,864,400
25	$38,833,600	-$14,328,762 -$1,549,461	$22,955,377
26	$40,776,000	-$15,047,450 -$1,626,962	$24,101,588
27	$42,814,400	-$15,801,658 -$1,708,295	$25,304,447
28	$44,955,200	-$16,593,754 -$1,793,712	$26,567,734
29	$47,203,200	-$17,425,514 -$1,883,408	$27,894,278
30	$49,563,200	-$18,298,714 -$1,977,572	$29,286,914