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 Date | Fri 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 |
|
|
