The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(3.99%) | $11,702,670 | | Net Lumpsum Payment | $173,116,000 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$403,559 |
$6,008,102 |
| 2 |
$10,620,288 |
$3,889,837
$423,749 |
$6,306,702 |
| 3 |
$11,151,168 |
$4,086,263
$444,932 |
$6,619,973 |
| 4 |
$11,708,928 |
$4,292,634
$467,186 |
$6,949,108 |
| 5 |
$12,294,240 |
$4,509,199
$490,540 |
$7,294,501 |
| 6 |
$12,909,120 |
$4,736,705
$515,074 |
$7,657,341 |
| 7 |
$13,554,240 |
$4,975,399
$540,814 |
$8,038,027 |
| 8 |
$14,232,288 |
$5,226,277
$567,868 |
$8,438,143 |
| 9 |
$14,943,936 |
$5,489,587
$596,263 |
$8,858,086 |
| 10 |
$15,691,200 |
$5,766,074
$626,079 |
$9,299,047 |
| 11 |
$16,475,424 |
$6,056,237
$657,369 |
$9,761,818 |
| 12 |
$17,299,296 |
$6,361,070
$690,242 |
$10,247,984 |
| 13 |
$18,164,160 |
$6,681,070
$724,750 |
$10,758,340 |
| 14 |
$19,072,704 |
$7,017,231
$761,001 |
$11,294,472 |
| 15 |
$20,026,272 |
$7,370,051
$799,048 |
$11,857,173 |
| 16 |
$21,027,552 |
$7,740,525
$838,999 |
$12,448,028 |
| 17 |
$22,078,560 |
$8,129,398
$880,935 |
$13,068,227 |
| 18 |
$23,182,656 |
$8,537,913
$924,988 |
$13,719,755 |
| 19 |
$24,341,856 |
$8,966,817
$971,240 |
$14,403,799 |
| 20 |
$25,558,848 |
$9,417,104
$1,019,798 |
$15,121,946 |
| 21 |
$26,836,992 |
$9,890,017
$1,070,796 |
$15,876,179 |
| 22 |
$28,178,976 |
$10,386,552
$1,124,341 |
$16,668,083 |
| 23 |
$29,587,488 |
$10,907,701
$1,180,541 |
$17,499,246 |
| 24 |
$31,067,232 |
$11,455,206
$1,239,583 |
$18,372,443 |
| 25 |
$32,620,224 |
$12,029,813
$1,301,547 |
$19,288,864 |
| 26 |
$34,251,840 |
$12,633,511
$1,366,648 |
$20,251,681 |
| 27 |
$35,964,096 |
$13,267,046
$1,434,967 |
$21,262,083 |
| 28 |
$37,762,368 |
$13,932,407
$1,506,718 |
$22,323,243 |
| 29 |
$39,650,688 |
$14,631,085
$1,582,062 |
$23,437,541 |
| 30 |
$41,633,088 |
$15,364,573
$1,661,160 |
$24,607,355 |
|
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