Jackpot Analysis Ohio Mega Millions

Jackpot Analysis for Ohio Mega Millions
The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025
Draw DateFri Apr 4, 2025
Projected Jackpot$43,000,000
Cash Value$20,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$20,000,000
Federal Tax(24%)$4,800,000
Additional Federal Tax$2,560,330
State Tax(3.99%)$798,000
Net Lumpsum Payment$11,841,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $647,193 $199,792
$25,823
$421,578
2 $679,572 $211,772
$27,115
$440,685
3 $713,542 $224,341
$28,470
$460,731
4 $749,232 $237,546
$29,894
$481,792
5 $786,685 $251,404
$31,389
$503,892
6 $826,030 $265,961
$32,959
$527,110
7 $867,310 $281,235
$34,606
$551,469
8 $910,697 $297,288
$36,337
$577,072
9 $956,234 $314,137
$38,154
$603,943
10 $1,004,050 $331,829
$40,062
$632,159
11 $1,054,231 $350,396
$42,064
$661,771
12 $1,106,949 $369,902
$44,167
$692,880
13 $1,162,290 $390,378
$46,375
$725,537
14 $1,220,426 $411,888
$48,695
$759,843
15 $1,281,443 $434,464
$51,130
$795,849
16 $1,345,513 $458,170
$53,686
$833,657
17 $1,412,765 $483,053
$56,369
$873,343
18 $1,483,414 $509,194
$59,188
$915,032
19 $1,557,589 $536,638
$62,148
$958,803
20 $1,635,462 $565,451
$65,255
$1,004,756
21 $1,717,248 $595,712
$68,518
$1,053,018
22 $1,803,119 $627,484
$71,944
$1,103,691
23 $1,893,247 $660,832
$75,541
$1,156,874
24 $1,987,933 $695,866
$79,319
$1,212,748
25 $2,087,306 $732,634
$83,284
$1,271,388
26 $2,191,710 $771,263
$87,449
$1,332,998
27 $2,301,274 $811,802
$91,821
$1,397,651
28 $2,416,342 $854,377
$96,412
$1,465,553
29 $2,537,172 $899,084
$101,233
$1,536,855
30 $2,664,022 $946,019
$106,294
$1,611,709