The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Oct 24, 2025 |
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Draw Date | Fri Oct 24, 2025 | Projected Jackpot | $680,000,000 | Cash Value | $318,200,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $318,200,000 | Federal Tax(24%) | $76,368,000 | Additional Federal Tax | $41,326,330 | State Tax(3.99%) | $12,696,180 | Net Lumpsum Payment | $187,809,490 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$10,234,680 |
$3,747,162 $408,364 |
$6,079,154 |
2 |
$10,746,720 |
$3,936,617 $428,794 |
$6,381,309 |
3 |
$11,283,920 |
$4,135,381 $450,228 |
$6,698,311 |
4 |
$11,848,320 |
$4,344,209 $472,748 |
$7,031,363 |
5 |
$12,440,600 |
$4,563,352 $496,380 |
$7,380,868 |
6 |
$13,062,800 |
$4,793,566 $521,206 |
$7,748,028 |
7 |
$13,715,600 |
$5,035,102 $547,252 |
$8,133,246 |
8 |
$14,401,720 |
$5,288,967 $574,629 |
$8,538,124 |
9 |
$15,121,840 |
$5,555,411 $603,361 |
$8,963,068 |
10 |
$15,878,000 |
$5,835,190 $633,532 |
$9,409,278 |
11 |
$16,671,560 |
$6,128,808 $665,195 |
$9,877,557 |
12 |
$17,505,240 |
$6,437,269 $698,459 |
$10,369,512 |
13 |
$18,380,400 |
$6,761,078 $733,378 |
$10,885,944 |
14 |
$19,299,760 |
$7,101,242 $770,060 |
$11,428,458 |
15 |
$20,264,680 |
$7,458,262 $808,561 |
$11,997,857 |
16 |
$21,277,880 |
$7,833,146 $848,987 |
$12,595,747 |
17 |
$22,341,400 |
$8,226,648 $891,422 |
$13,223,330 |
18 |
$23,458,640 |
$8,640,027 $936,000 |
$13,882,613 |
19 |
$24,631,640 |
$9,074,037 $982,802 |
$14,574,801 |
20 |
$25,863,120 |
$9,529,685 $1,031,938 |
$15,301,497 |
21 |
$27,156,480 |
$10,008,228 $1,083,544 |
$16,064,708 |
22 |
$28,514,440 |
$10,510,673 $1,137,726 |
$16,866,041 |
23 |
$29,939,720 |
$11,038,027 $1,194,595 |
$17,707,098 |
24 |
$31,437,080 |
$11,592,050 $1,254,339 |
$18,590,691 |
25 |
$33,008,560 |
$12,173,498 $1,317,042 |
$19,518,020 |
26 |
$34,659,600 |
$12,784,382 $1,382,918 |
$20,492,300 |
27 |
$36,392,240 |
$13,425,459 $1,452,050 |
$21,514,731 |
28 |
$38,211,920 |
$14,098,741 $1,524,656 |
$22,588,523 |
29 |
$40,122,720 |
$14,805,737 $1,600,897 |
$23,716,086 |
30 |
$42,128,720 |
$15,547,957 $1,680,936 |
$24,899,827 |
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