The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(3.99%) | $2,749,110 | | Net Lumpsum Payment | $40,697,560 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$96,086 |
$1,460,724 |
| 2 |
$2,528,640 |
$895,927
$100,893 |
$1,531,820 |
| 3 |
$2,655,040 |
$942,695
$105,936 |
$1,606,409 |
| 4 |
$2,787,840 |
$991,831
$111,235 |
$1,684,774 |
| 5 |
$2,927,200 |
$1,043,394
$116,795 |
$1,767,011 |
| 6 |
$3,073,600 |
$1,097,562
$122,637 |
$1,853,401 |
| 7 |
$3,227,200 |
$1,154,394
$128,765 |
$1,944,041 |
| 8 |
$3,388,640 |
$1,214,127
$135,207 |
$2,039,306 |
| 9 |
$3,558,080 |
$1,276,820
$141,967 |
$2,139,293 |
| 10 |
$3,736,000 |
$1,342,650
$149,066 |
$2,244,284 |
| 11 |
$3,922,720 |
$1,411,737
$156,517 |
$2,354,466 |
| 12 |
$4,118,880 |
$1,484,316
$164,343 |
$2,470,221 |
| 13 |
$4,324,800 |
$1,560,506
$172,560 |
$2,591,734 |
| 14 |
$4,541,120 |
$1,640,545
$181,191 |
$2,719,384 |
| 15 |
$4,768,160 |
$1,724,550
$190,250 |
$2,853,360 |
| 16 |
$5,006,560 |
$1,812,758
$199,762 |
$2,994,040 |
| 17 |
$5,256,800 |
$1,905,346
$209,746 |
$3,141,708 |
| 18 |
$5,519,680 |
$2,002,612
$220,235 |
$3,296,833 |
| 19 |
$5,795,680 |
$2,104,732
$231,248 |
$3,459,700 |
| 20 |
$6,085,440 |
$2,211,943
$242,809 |
$3,630,688 |
| 21 |
$6,389,760 |
$2,324,542
$254,951 |
$3,810,267 |
| 22 |
$6,709,280 |
$2,442,764
$267,700 |
$3,998,816 |
| 23 |
$7,044,640 |
$2,566,847
$281,081 |
$4,196,712 |
| 24 |
$7,396,960 |
$2,697,206
$295,139 |
$4,404,615 |
| 25 |
$7,766,720 |
$2,834,017
$309,892 |
$4,622,811 |
| 26 |
$8,155,200 |
$2,977,754
$325,392 |
$4,852,054 |
| 27 |
$8,562,880 |
$3,128,596
$341,659 |
$5,092,625 |
| 28 |
$8,991,040 |
$3,287,015
$358,742 |
$5,345,283 |
| 29 |
$9,440,640 |
$3,453,367
$376,682 |
$5,610,591 |
| 30 |
$9,912,640 |
$3,628,007
$395,514 |
$5,889,119 |
|
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