The jackpot for the MEGA Millions draw on Tue Jan 20, 2026, is projected to be $250 Million, with an option for a cash payout of $113.5 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 Jan 20, 2026 |
|---|
| Draw Date | Tue Jan 20, 2026 | | Projected Jackpot | $250,000,000 | | Cash Value | $113,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $113,500,000 | | Federal Tax(24%) | $27,240,000 | | Additional Federal Tax | $14,715,330 | | State Tax(3.99%) | $4,528,650 | | Net Lumpsum Payment | $67,016,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,762,750 |
$1,352,548
$150,134 |
$2,260,068 |
| 2 |
$3,951,000 |
$1,422,200
$157,645 |
$2,371,155 |
| 3 |
$4,148,500 |
$1,495,275
$165,525 |
$2,487,700 |
| 4 |
$4,356,000 |
$1,572,050
$173,804 |
$2,610,146 |
| 5 |
$4,573,750 |
$1,652,618
$182,493 |
$2,738,639 |
| 6 |
$4,802,500 |
$1,737,255
$191,620 |
$2,873,625 |
| 7 |
$5,042,500 |
$1,826,055
$201,196 |
$3,015,249 |
| 8 |
$5,294,750 |
$1,919,388
$211,261 |
$3,164,101 |
| 9 |
$5,559,500 |
$2,017,345
$221,824 |
$3,320,331 |
| 10 |
$5,837,500 |
$2,120,205
$232,916 |
$3,484,379 |
| 11 |
$6,129,250 |
$2,228,153
$244,557 |
$3,656,540 |
| 12 |
$6,435,750 |
$2,341,558
$256,786 |
$3,837,406 |
| 13 |
$6,757,500 |
$2,460,605
$269,624 |
$4,027,271 |
| 14 |
$7,095,500 |
$2,585,665
$283,110 |
$4,226,725 |
| 15 |
$7,450,250 |
$2,716,923
$297,265 |
$4,436,062 |
| 16 |
$7,822,750 |
$2,854,748
$312,128 |
$4,655,874 |
| 17 |
$8,213,750 |
$2,999,418
$327,729 |
$4,886,603 |
| 18 |
$8,624,500 |
$3,151,395
$344,118 |
$5,128,987 |
| 19 |
$9,055,750 |
$3,310,958
$361,324 |
$5,383,468 |
| 20 |
$9,508,500 |
$3,478,475
$379,389 |
$5,650,636 |
| 21 |
$9,984,000 |
$3,654,410
$398,362 |
$5,931,228 |
| 22 |
$10,483,250 |
$3,839,133
$418,282 |
$6,225,835 |
| 23 |
$11,007,250 |
$4,033,013
$439,189 |
$6,535,048 |
| 24 |
$11,557,750 |
$4,236,698
$461,154 |
$6,859,898 |
| 25 |
$12,135,500 |
$4,450,465
$484,206 |
$7,200,829 |
| 26 |
$12,742,500 |
$4,675,055
$508,426 |
$7,559,019 |
| 27 |
$13,379,500 |
$4,910,745
$533,842 |
$7,934,913 |
| 28 |
$14,048,500 |
$5,158,275
$560,535 |
$8,329,690 |
| 29 |
$14,751,000 |
$5,418,200
$588,565 |
$8,744,235 |
| 30 |
$15,488,500 |
$5,691,075
$617,991 |
$9,179,434 |
|
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