Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(3.99%)	$1,268,820
Net Lumpsum Payment	$18,804,850

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$42,037	$661,382
2	$1,106,280	-$369,654 -$44,141	$692,485
3	$1,161,580	-$390,115 -$46,347	$725,118
4	$1,219,680	-$411,612 -$48,665	$759,403
5	$1,280,650	-$434,171 -$51,098	$795,381
6	$1,344,700	-$457,869 -$53,654	$833,177
7	$1,411,900	-$482,733 -$56,335	$872,832
8	$1,482,530	-$508,866 -$59,153	$914,511
9	$1,556,660	-$536,295 -$62,111	$958,254
10	$1,634,500	-$565,095 -$65,217	$1,004,188
11	$1,716,190	-$595,321 -$68,476	$1,052,393
12	$1,802,010	-$627,074 -$71,900	$1,103,036
13	$1,892,100	-$660,407 -$75,495	$1,156,198
14	$1,986,740	-$695,424 -$79,271	$1,212,045
15	$2,086,070	-$732,176 -$83,234	$1,270,660
16	$2,190,370	-$770,767 -$87,396	$1,332,207
17	$2,299,850	-$811,275 -$91,764	$1,396,811
18	$2,414,860	-$853,829 -$96,353	$1,464,678
19	$2,535,610	-$898,506 -$101,171	$1,535,933
20	$2,662,380	-$945,411 -$106,229	$1,610,740
21	$2,795,520	-$994,673 -$111,541	$1,689,306
22	$2,935,310	-$1,046,395 -$117,119	$1,771,796
23	$3,082,030	-$1,100,681 -$122,973	$1,858,376
24	$3,236,170	-$1,157,713 -$129,123	$1,949,334
25	$3,397,940	-$1,217,568 -$135,578	$2,044,794
26	$3,567,900	-$1,280,453 -$142,359	$2,145,088
27	$3,746,260	-$1,346,447 -$149,476	$2,250,337
28	$3,933,580	-$1,415,755 -$156,950	$2,360,875
29	$4,130,280	-$1,488,534 -$164,798	$2,476,948
30	$4,336,780	-$1,564,939 -$173,038	$2,598,803