The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(3.99%) | $2,709,210 | | Net Lumpsum Payment | $40,107,460 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$90,080 |
$1,371,909 |
| 2 |
$2,370,600 |
$837,452
$94,587 |
$1,438,561 |
| 3 |
$2,489,100 |
$881,297
$99,315 |
$1,508,488 |
| 4 |
$2,613,600 |
$927,362
$104,283 |
$1,581,955 |
| 5 |
$2,744,250 |
$975,703
$109,496 |
$1,659,051 |
| 6 |
$2,881,500 |
$1,026,485
$114,972 |
$1,740,043 |
| 7 |
$3,025,500 |
$1,079,765
$120,717 |
$1,825,018 |
| 8 |
$3,176,850 |
$1,135,765
$126,756 |
$1,914,329 |
| 9 |
$3,335,700 |
$1,194,539
$133,094 |
$2,008,067 |
| 10 |
$3,502,500 |
$1,256,255
$139,750 |
$2,106,495 |
| 11 |
$3,677,550 |
$1,321,024
$146,734 |
$2,209,792 |
| 12 |
$3,861,450 |
$1,389,067
$154,072 |
$2,318,311 |
| 13 |
$4,054,500 |
$1,460,495
$161,775 |
$2,432,230 |
| 14 |
$4,257,300 |
$1,535,531
$169,866 |
$2,551,903 |
| 15 |
$4,470,150 |
$1,614,286
$178,359 |
$2,677,505 |
| 16 |
$4,693,650 |
$1,696,981
$187,277 |
$2,809,392 |
| 17 |
$4,928,250 |
$1,783,783
$196,637 |
$2,947,830 |
| 18 |
$5,174,700 |
$1,874,969
$206,471 |
$3,093,260 |
| 19 |
$5,433,450 |
$1,970,707
$216,795 |
$3,245,948 |
| 20 |
$5,705,100 |
$2,071,217
$227,633 |
$3,406,250 |
| 21 |
$5,990,400 |
$2,176,778
$239,017 |
$3,574,605 |
| 22 |
$6,289,950 |
$2,287,612
$250,969 |
$3,751,369 |
| 23 |
$6,604,350 |
$2,403,940
$263,514 |
$3,936,896 |
| 24 |
$6,934,650 |
$2,526,151
$276,693 |
$4,131,806 |
| 25 |
$7,281,300 |
$2,654,411
$290,524 |
$4,336,365 |
| 26 |
$7,645,500 |
$2,789,165
$305,055 |
$4,551,280 |
| 27 |
$8,027,700 |
$2,930,579
$320,305 |
$4,776,816 |
| 28 |
$8,429,100 |
$3,079,097
$336,321 |
$5,013,682 |
| 29 |
$8,850,600 |
$3,235,052
$353,139 |
$5,262,409 |
| 30 |
$9,293,100 |
$3,398,777
$370,795 |
$5,523,528 |
|
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