The jackpot for the MEGA Millions draw on Fri Mar 14, 2025, is projected to be $277 Million, with an option for a cash payout of $129.5 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 Fri Mar 14, 2025 |
|---|
| Draw Date | Fri Mar 14, 2025 | | Projected Jackpot | $277,000,000 | | Cash Value | $129,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $129,500,000 | | Federal Tax(24%) | $31,080,000 | | Additional Federal Tax | $16,795,330 | | State Tax(3.99%) | $5,167,050 | | Net Lumpsum Payment | $76,457,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$166,348 |
$2,499,872 |
| 2 |
$4,377,708 |
$1,580,082
$174,671 |
$2,622,955 |
| 3 |
$4,596,538 |
$1,661,049
$183,402 |
$2,752,087 |
| 4 |
$4,826,448 |
$1,746,116
$192,575 |
$2,887,757 |
| 5 |
$5,067,715 |
$1,835,385
$202,202 |
$3,030,128 |
| 6 |
$5,321,170 |
$1,929,163
$212,315 |
$3,179,692 |
| 7 |
$5,587,090 |
$2,027,554
$222,925 |
$3,336,611 |
| 8 |
$5,866,583 |
$2,130,966
$234,077 |
$3,501,540 |
| 9 |
$6,159,926 |
$2,239,503
$245,781 |
$3,674,642 |
| 10 |
$6,467,950 |
$2,353,472
$258,071 |
$3,856,407 |
| 11 |
$6,791,209 |
$2,473,078
$270,969 |
$4,047,162 |
| 12 |
$7,130,811 |
$2,598,730
$284,519 |
$4,247,562 |
| 13 |
$7,487,310 |
$2,730,635
$298,744 |
$4,457,931 |
| 14 |
$7,861,814 |
$2,869,202
$313,686 |
$4,678,926 |
| 15 |
$8,254,877 |
$3,014,635
$329,370 |
$4,910,872 |
| 16 |
$8,667,607 |
$3,167,345
$345,838 |
$5,154,424 |
| 17 |
$9,100,835 |
$3,327,639
$363,123 |
$5,410,073 |
| 18 |
$9,555,946 |
$3,496,030
$381,282 |
$5,678,634 |
| 19 |
$10,033,771 |
$3,672,826
$400,347 |
$5,960,598 |
| 20 |
$10,535,418 |
$3,858,435
$420,363 |
$6,256,620 |
| 21 |
$11,062,272 |
$4,053,371
$441,385 |
$6,567,516 |
| 22 |
$11,615,441 |
$4,258,044
$463,456 |
$6,893,941 |
| 23 |
$12,196,033 |
$4,472,863
$486,622 |
$7,236,548 |
| 24 |
$12,805,987 |
$4,698,546
$510,959 |
$7,596,482 |
| 25 |
$13,446,134 |
$4,935,400
$536,501 |
$7,974,233 |
| 26 |
$14,118,690 |
$5,184,246
$563,336 |
$8,371,108 |
| 27 |
$14,824,486 |
$5,445,390
$591,497 |
$8,787,599 |
| 28 |
$15,565,738 |
$5,719,653
$621,073 |
$9,225,012 |
| 29 |
$16,344,108 |
$6,007,650
$652,130 |
$9,684,328 |
| 30 |
$17,161,258 |
$6,309,996
$684,734 |
$10,166,528 |
|
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