The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Tue Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(3.99%) | $7,441,350 | | Net Lumpsum Payment | $110,093,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$266,037 |
$3,974,216 |
| 2 |
$7,001,172 |
$2,550,764
$279,347 |
$4,171,061 |
| 3 |
$7,351,142 |
$2,680,253
$293,311 |
$4,377,578 |
| 4 |
$7,718,832 |
$2,816,298
$307,981 |
$4,594,553 |
| 5 |
$8,104,685 |
$2,959,064
$323,377 |
$4,822,244 |
| 6 |
$8,510,030 |
$3,109,041
$339,550 |
$5,061,439 |
| 7 |
$8,935,310 |
$3,266,395
$356,519 |
$5,312,396 |
| 8 |
$9,382,297 |
$3,431,780
$374,354 |
$5,576,163 |
| 9 |
$9,851,434 |
$3,605,361
$393,072 |
$5,853,001 |
| 10 |
$10,344,050 |
$3,787,629
$412,728 |
$6,143,693 |
| 11 |
$10,861,031 |
$3,978,912
$433,355 |
$6,448,764 |
| 12 |
$11,404,149 |
$4,179,866
$455,026 |
$6,769,257 |
| 13 |
$11,974,290 |
$4,390,818
$477,774 |
$7,105,698 |
| 14 |
$12,573,226 |
$4,612,424
$501,672 |
$7,459,130 |
| 15 |
$13,201,843 |
$4,845,012
$526,754 |
$7,830,077 |
| 16 |
$13,861,913 |
$5,089,238
$553,090 |
$8,219,585 |
| 17 |
$14,554,765 |
$5,345,593
$580,735 |
$8,628,437 |
| 18 |
$15,282,614 |
$5,614,898
$609,776 |
$9,057,940 |
| 19 |
$16,046,789 |
$5,897,642
$640,267 |
$9,508,880 |
| 20 |
$16,849,062 |
$6,194,483
$672,278 |
$9,982,301 |
| 21 |
$17,691,648 |
$6,506,240
$705,897 |
$10,479,511 |
| 22 |
$18,576,319 |
$6,833,568
$741,195 |
$11,001,556 |
| 23 |
$19,504,847 |
$7,177,124
$778,243 |
$11,549,480 |
| 24 |
$20,480,333 |
$7,538,054
$817,165 |
$12,125,114 |
| 25 |
$21,504,106 |
$7,916,850
$858,014 |
$12,729,242 |
| 26 |
$22,579,710 |
$8,314,823
$900,930 |
$13,363,957 |
| 27 |
$23,708,474 |
$8,732,466
$945,968 |
$14,030,040 |
| 28 |
$24,893,942 |
$9,171,089
$993,268 |
$14,729,585 |
| 29 |
$26,138,772 |
$9,631,676
$1,042,937 |
$15,464,159 |
| 30 |
$27,445,622 |
$10,115,211
$1,095,080 |
$16,235,331 |
|
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