The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(3.99%) | $3,591,000 | | Net Lumpsum Payment | $53,148,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$121,308 |
$1,833,752 |
| 2 |
$3,192,408 |
$1,141,521
$127,377 |
$1,923,510 |
| 3 |
$3,351,988 |
$1,200,566
$133,744 |
$2,017,678 |
| 4 |
$3,519,648 |
$1,262,600
$140,434 |
$2,116,614 |
| 5 |
$3,695,590 |
$1,327,699
$147,454 |
$2,220,437 |
| 6 |
$3,880,420 |
$1,396,086
$154,829 |
$2,329,505 |
| 7 |
$4,074,340 |
$1,467,836
$162,566 |
$2,443,938 |
| 8 |
$4,278,158 |
$1,543,249
$170,699 |
$2,564,210 |
| 9 |
$4,492,076 |
$1,622,399
$179,234 |
$2,690,443 |
| 10 |
$4,716,700 |
$1,705,509
$188,196 |
$2,822,995 |
| 11 |
$4,952,434 |
$1,792,731
$197,602 |
$2,962,101 |
| 12 |
$5,200,086 |
$1,884,362
$207,483 |
$3,108,241 |
| 13 |
$5,460,060 |
$1,980,553
$217,856 |
$3,261,651 |
| 14 |
$5,733,164 |
$2,081,601
$228,753 |
$3,422,810 |
| 15 |
$6,019,802 |
$2,187,657
$240,190 |
$3,591,955 |
| 16 |
$6,320,782 |
$2,299,020
$252,199 |
$3,769,563 |
| 17 |
$6,636,710 |
$2,415,913
$264,805 |
$3,955,992 |
| 18 |
$6,968,596 |
$2,538,711
$278,047 |
$4,151,838 |
| 19 |
$7,317,046 |
$2,667,637
$291,950 |
$4,357,459 |
| 20 |
$7,682,868 |
$2,802,992
$306,546 |
$4,573,330 |
| 21 |
$8,067,072 |
$2,945,147
$321,876 |
$4,800,049 |
| 22 |
$8,470,466 |
$3,094,403
$337,972 |
$5,038,091 |
| 23 |
$8,893,858 |
$3,251,058
$354,865 |
$5,287,935 |
| 24 |
$9,338,662 |
$3,415,635
$372,613 |
$5,550,414 |
| 25 |
$9,805,484 |
$3,588,359
$391,239 |
$5,825,886 |
| 26 |
$10,295,940 |
$3,769,828
$410,808 |
$6,115,304 |
| 27 |
$10,810,636 |
$3,960,266
$431,344 |
$6,419,026 |
| 28 |
$11,351,188 |
$4,160,270
$452,912 |
$6,738,006 |
| 29 |
$11,918,808 |
$4,370,289
$475,560 |
$7,072,959 |
| 30 |
$12,514,708 |
$4,590,772
$499,337 |
$7,424,599 |
|
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