The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(3.99%) | $1,971,060 | | Net Lumpsum Payment | $29,190,610 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$66,059 |
$1,016,645 |
| 2 |
$1,738,440 |
$603,553
$69,364 |
$1,065,523 |
| 3 |
$1,825,340 |
$635,706
$72,831 |
$1,116,803 |
| 4 |
$1,916,640 |
$669,487
$76,474 |
$1,170,679 |
| 5 |
$2,012,450 |
$704,937
$80,297 |
$1,227,216 |
| 6 |
$2,113,100 |
$742,177
$84,313 |
$1,286,610 |
| 7 |
$2,218,700 |
$781,249
$88,526 |
$1,348,925 |
| 8 |
$2,329,690 |
$822,316
$92,955 |
$1,414,419 |
| 9 |
$2,446,180 |
$865,417
$97,603 |
$1,483,160 |
| 10 |
$2,568,500 |
$910,675
$102,483 |
$1,555,342 |
| 11 |
$2,696,870 |
$958,172
$107,605 |
$1,631,093 |
| 12 |
$2,831,730 |
$1,008,070
$112,986 |
$1,710,674 |
| 13 |
$2,973,300 |
$1,060,451
$118,635 |
$1,794,214 |
| 14 |
$3,122,020 |
$1,115,478
$124,569 |
$1,881,973 |
| 15 |
$3,278,110 |
$1,173,231
$130,797 |
$1,974,082 |
| 16 |
$3,442,010 |
$1,233,874
$137,336 |
$2,070,800 |
| 17 |
$3,614,050 |
$1,297,529
$144,201 |
$2,172,320 |
| 18 |
$3,794,780 |
$1,364,399
$151,412 |
$2,278,969 |
| 19 |
$3,984,530 |
$1,434,606
$158,983 |
$2,390,941 |
| 20 |
$4,183,740 |
$1,508,314
$166,931 |
$2,508,495 |
| 21 |
$4,392,960 |
$1,585,726
$175,279 |
$2,631,955 |
| 22 |
$4,612,630 |
$1,667,003
$184,044 |
$2,761,583 |
| 23 |
$4,843,190 |
$1,752,311
$193,243 |
$2,897,636 |
| 24 |
$5,085,410 |
$1,841,932
$202,908 |
$3,040,570 |
| 25 |
$5,339,620 |
$1,935,990
$213,051 |
$3,190,579 |
| 26 |
$5,606,700 |
$2,034,809
$223,707 |
$3,348,184 |
| 27 |
$5,886,980 |
$2,138,513
$234,891 |
$3,513,576 |
| 28 |
$6,181,340 |
$2,247,426
$246,635 |
$3,687,279 |
| 29 |
$6,490,440 |
$2,361,793
$258,969 |
$3,869,678 |
| 30 |
$6,814,940 |
$2,481,858
$271,916 |
$4,061,166 |
|
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