The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Ohio residents, the state will deduct 3.99% from your lottery earnings.
| Ohio MEGA Millions Jackpot/Cash Option for Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(3.99%) | $12,903,660 | | Net Lumpsum Payment | $190,878,010 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$446,197 |
$6,638,695 |
| 2 |
$11,742,372 |
$4,305,008
$468,521 |
$6,968,843 |
| 3 |
$12,329,342 |
$4,522,187
$491,941 |
$7,315,214 |
| 4 |
$12,946,032 |
$4,750,362
$516,547 |
$7,679,123 |
| 5 |
$13,593,185 |
$4,989,809
$542,368 |
$8,061,008 |
| 6 |
$14,273,030 |
$5,241,351
$569,494 |
$8,462,185 |
| 7 |
$14,986,310 |
$5,505,265
$597,954 |
$8,883,091 |
| 8 |
$15,735,997 |
$5,782,649
$627,866 |
$9,325,482 |
| 9 |
$16,522,834 |
$6,073,779
$659,261 |
$9,789,794 |
| 10 |
$17,349,050 |
$6,379,479
$692,227 |
$10,277,344 |
| 11 |
$18,216,131 |
$6,700,299
$726,824 |
$10,789,008 |
| 12 |
$19,127,049 |
$7,037,339
$763,169 |
$11,326,541 |
| 13 |
$20,083,290 |
$7,391,148
$801,323 |
$11,890,819 |
| 14 |
$21,087,826 |
$7,762,826
$841,404 |
$12,483,596 |
| 15 |
$22,142,143 |
$8,152,923
$883,472 |
$13,105,748 |
| 16 |
$23,249,213 |
$8,562,539
$927,644 |
$13,759,030 |
| 17 |
$24,411,265 |
$8,992,498
$974,009 |
$14,444,758 |
| 18 |
$25,632,014 |
$9,444,176
$1,022,717 |
$15,165,121 |
| 19 |
$26,913,689 |
$9,918,395
$1,073,856 |
$15,921,438 |
| 20 |
$28,259,262 |
$10,416,257
$1,127,545 |
$16,715,460 |
| 21 |
$29,672,448 |
$10,939,136
$1,183,931 |
$17,549,381 |
| 22 |
$31,156,219 |
$11,488,131
$1,243,133 |
$18,424,955 |
| 23 |
$32,713,547 |
$12,064,343
$1,305,271 |
$19,343,933 |
| 24 |
$34,349,633 |
$12,669,695
$1,370,550 |
$20,309,388 |
| 25 |
$36,066,706 |
$13,305,012
$1,439,062 |
$21,322,632 |
| 26 |
$37,870,710 |
$13,972,493
$1,511,041 |
$22,387,176 |
| 27 |
$39,763,874 |
$14,672,964
$1,586,579 |
$23,504,331 |
| 28 |
$41,752,142 |
$15,408,623
$1,665,910 |
$24,677,609 |
| 29 |
$43,839,972 |
$16,181,120
$1,749,215 |
$25,909,637 |
| 30 |
$46,031,822 |
$16,992,105
$1,836,670 |
$27,203,047 |
|
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