The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(3.99%) | $5,442,360 | | Net Lumpsum Payment | $80,529,310 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$186,766 |
$2,801,846 |
| 2 |
$4,915,044 |
$1,778,897
$196,110 |
$2,940,037 |
| 3 |
$5,160,734 |
$1,869,802
$205,913 |
$3,085,019 |
| 4 |
$5,418,864 |
$1,965,310
$216,213 |
$3,237,341 |
| 5 |
$5,689,745 |
$2,065,536
$227,021 |
$3,397,188 |
| 6 |
$5,974,310 |
$2,170,825
$238,375 |
$3,565,110 |
| 7 |
$6,272,870 |
$2,281,292
$250,288 |
$3,741,290 |
| 8 |
$6,586,669 |
$2,397,398
$262,808 |
$3,926,463 |
| 9 |
$6,916,018 |
$2,519,257
$275,949 |
$4,120,812 |
| 10 |
$7,261,850 |
$2,647,215
$289,748 |
$4,324,887 |
| 11 |
$7,624,787 |
$2,781,502
$304,229 |
$4,539,056 |
| 12 |
$8,006,073 |
$2,922,577
$319,442 |
$4,764,054 |
| 13 |
$8,406,330 |
$3,070,672
$335,413 |
$5,000,245 |
| 14 |
$8,826,802 |
$3,226,247
$352,189 |
$5,248,366 |
| 15 |
$9,268,111 |
$3,389,531
$369,798 |
$5,508,782 |
| 16 |
$9,731,501 |
$3,560,986
$388,287 |
$5,782,228 |
| 17 |
$10,217,905 |
$3,740,955
$407,694 |
$6,069,256 |
| 18 |
$10,728,878 |
$3,930,015
$428,082 |
$6,370,781 |
| 19 |
$11,265,353 |
$4,128,511
$449,488 |
$6,687,354 |
| 20 |
$11,828,574 |
$4,336,903
$471,960 |
$7,019,711 |
| 21 |
$12,420,096 |
$4,555,766
$495,562 |
$7,368,768 |
| 22 |
$13,041,163 |
$4,785,561
$520,342 |
$7,735,260 |
| 23 |
$13,693,019 |
$5,026,747
$546,351 |
$8,119,921 |
| 24 |
$14,377,841 |
$5,280,132
$573,676 |
$8,524,033 |
| 25 |
$15,096,562 |
$5,546,058
$602,353 |
$8,948,151 |
| 26 |
$15,851,670 |
$5,825,448
$632,482 |
$9,393,740 |
| 27 |
$16,644,098 |
$6,118,647
$664,100 |
$9,861,351 |
| 28 |
$17,476,334 |
$6,426,574
$697,306 |
$10,352,454 |
| 29 |
$18,350,244 |
$6,749,921
$732,175 |
$10,868,148 |
| 30 |
$19,267,694 |
$7,089,377
$768,781 |
$11,409,536 |
|
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