Ohio Lottery

OHLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(3.99%)	$11,060,280
Net Lumpsum Payment	$163,615,390

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$360,321	$5,368,627
2	$9,482,400	-$3,468,818 -$378,348	$5,635,234
3	$9,956,400	-$3,644,198 -$397,260	$5,914,942
4	$10,454,400	-$3,828,458 -$417,131	$6,208,811
5	$10,977,000	-$4,021,820 -$437,982	$6,517,198
6	$11,526,000	-$4,224,950 -$459,887	$6,841,163
7	$12,102,000	-$4,438,070 -$482,870	$7,181,060
8	$12,707,400	-$4,662,068 -$507,025	$7,538,307
9	$13,342,800	-$4,897,166 -$532,378	$7,913,256
10	$14,010,000	-$5,144,030 -$558,999	$8,306,971
11	$14,710,200	-$5,403,104 -$586,937	$8,720,159
12	$15,445,800	-$5,675,276 -$616,287	$9,154,237
13	$16,218,000	-$5,960,990 -$647,098	$9,609,912
14	$17,029,200	-$6,261,134 -$679,465	$10,088,601
15	$17,880,600	-$6,576,152 -$713,436	$10,591,012
16	$18,774,600	-$6,906,932 -$749,107	$11,118,561
17	$19,713,000	-$7,254,140 -$786,549	$11,672,311
18	$20,698,800	-$7,618,886 -$825,882	$12,254,032
19	$21,733,800	-$8,001,836 -$867,179	$12,864,785
20	$22,820,400	-$8,403,878 -$910,534	$13,505,988
21	$23,961,600	-$8,826,122 -$956,068	$14,179,410
22	$25,159,800	-$9,269,456 -$1,003,876	$14,886,468
23	$26,417,400	-$9,734,768 -$1,054,054	$15,628,578
24	$27,738,600	-$10,223,612 -$1,106,770	$16,408,218
25	$29,125,200	-$10,736,654 -$1,162,095	$17,226,451
26	$30,582,000	-$11,275,670 -$1,220,222	$18,086,108
27	$32,110,800	-$11,841,326 -$1,281,221	$18,988,253
28	$33,716,400	-$12,435,398 -$1,345,284	$19,935,718
29	$35,402,400	-$13,059,218 -$1,412,556	$20,930,626
30	$37,172,400	-$13,714,118 -$1,483,179	$21,975,103