The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 Apr 29, 2025 |
|---|
| Draw Date | Tue Apr 29, 2025 | | Projected Jackpot | $70,000,000 | | Cash Value | $31,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,800,000 | | Federal Tax(24%) | $7,632,000 | | Additional Federal Tax | $4,094,330 | | State Tax(3.99%) | $1,268,820 | | Net Lumpsum Payment | $18,804,850 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,053,570 |
$350,151
$42,037 |
$661,382 |
| 2 |
$1,106,280 |
$369,654
$44,141 |
$692,485 |
| 3 |
$1,161,580 |
$390,115
$46,347 |
$725,118 |
| 4 |
$1,219,680 |
$411,612
$48,665 |
$759,403 |
| 5 |
$1,280,650 |
$434,171
$51,098 |
$795,381 |
| 6 |
$1,344,700 |
$457,869
$53,654 |
$833,177 |
| 7 |
$1,411,900 |
$482,733
$56,335 |
$872,832 |
| 8 |
$1,482,530 |
$508,866
$59,153 |
$914,511 |
| 9 |
$1,556,660 |
$536,295
$62,111 |
$958,254 |
| 10 |
$1,634,500 |
$565,095
$65,217 |
$1,004,188 |
| 11 |
$1,716,190 |
$595,321
$68,476 |
$1,052,393 |
| 12 |
$1,802,010 |
$627,074
$71,900 |
$1,103,036 |
| 13 |
$1,892,100 |
$660,407
$75,495 |
$1,156,198 |
| 14 |
$1,986,740 |
$695,424
$79,271 |
$1,212,045 |
| 15 |
$2,086,070 |
$732,176
$83,234 |
$1,270,660 |
| 16 |
$2,190,370 |
$770,767
$87,396 |
$1,332,207 |
| 17 |
$2,299,850 |
$811,275
$91,764 |
$1,396,811 |
| 18 |
$2,414,860 |
$853,829
$96,353 |
$1,464,678 |
| 19 |
$2,535,610 |
$898,506
$101,171 |
$1,535,933 |
| 20 |
$2,662,380 |
$945,411
$106,229 |
$1,610,740 |
| 21 |
$2,795,520 |
$994,673
$111,541 |
$1,689,306 |
| 22 |
$2,935,310 |
$1,046,395
$117,119 |
$1,771,796 |
| 23 |
$3,082,030 |
$1,100,681
$122,973 |
$1,858,376 |
| 24 |
$3,236,170 |
$1,157,713
$129,123 |
$1,949,334 |
| 25 |
$3,397,940 |
$1,217,568
$135,578 |
$2,044,794 |
| 26 |
$3,567,900 |
$1,280,453
$142,359 |
$2,145,088 |
| 27 |
$3,746,260 |
$1,346,447
$149,476 |
$2,250,337 |
| 28 |
$3,933,580 |
$1,415,755
$156,950 |
$2,360,875 |
| 29 |
$4,130,280 |
$1,488,534
$164,798 |
$2,476,948 |
| 30 |
$4,336,780 |
$1,564,939
$173,038 |
$2,598,803 |
|
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