Jackpot Analysis Ohio Mega Millions

Jackpot Analysis for Ohio Mega Millions
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
Draw DateFri Oct 24, 2025
Projected Jackpot$680,000,000
Cash Value$318,200,000

Lumpsum Option Taxes and Payment
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
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