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 |
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Draw Date | Fri Apr 4, 2025 | Projected Jackpot | $43,000,000 | Cash Value | $20,000,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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 |
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