The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(3.99%) | $9,216,900 | | Net Lumpsum Payment | $136,352,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$306,873 |
$4,578,165 |
| 2 |
$8,075,844 |
$2,948,393
$322,226 |
$4,805,225 |
| 3 |
$8,479,534 |
$3,097,758
$338,333 |
$5,043,443 |
| 4 |
$8,903,664 |
$3,254,686
$355,256 |
$5,293,722 |
| 5 |
$9,348,745 |
$3,419,366
$373,015 |
$5,556,364 |
| 6 |
$9,816,310 |
$3,592,365
$391,671 |
$5,832,274 |
| 7 |
$10,306,870 |
$3,773,872
$411,244 |
$6,121,754 |
| 8 |
$10,822,469 |
$3,964,644
$431,817 |
$6,426,008 |
| 9 |
$11,363,618 |
$4,164,869
$453,408 |
$6,745,341 |
| 10 |
$11,931,850 |
$4,375,115
$476,081 |
$7,080,654 |
| 11 |
$12,528,187 |
$4,595,760
$499,875 |
$7,432,552 |
| 12 |
$13,154,673 |
$4,827,559
$524,871 |
$7,802,243 |
| 13 |
$13,812,330 |
$5,070,892
$551,112 |
$8,190,326 |
| 14 |
$14,503,202 |
$5,326,515
$578,678 |
$8,598,009 |
| 15 |
$15,228,311 |
$5,594,805
$607,610 |
$9,025,896 |
| 16 |
$15,989,701 |
$5,876,520
$637,989 |
$9,475,192 |
| 17 |
$16,788,905 |
$6,172,225
$669,877 |
$9,946,803 |
| 18 |
$17,628,478 |
$6,482,867
$703,376 |
$10,442,235 |
| 19 |
$18,509,953 |
$6,809,013
$738,547 |
$10,962,393 |
| 20 |
$19,435,374 |
$7,151,419
$775,471 |
$11,508,484 |
| 21 |
$20,407,296 |
$7,511,030
$814,251 |
$12,082,015 |
| 22 |
$21,427,763 |
$7,888,603
$854,968 |
$12,684,192 |
| 23 |
$22,498,819 |
$8,284,893
$897,703 |
$13,316,223 |
| 24 |
$23,624,041 |
$8,701,226
$942,599 |
$13,980,216 |
| 25 |
$24,804,962 |
$9,138,166
$989,718 |
$14,677,078 |
| 26 |
$26,045,670 |
$9,597,228
$1,039,222 |
$15,409,220 |
| 27 |
$27,347,698 |
$10,078,979
$1,091,173 |
$16,177,546 |
| 28 |
$28,715,134 |
$10,584,930
$1,145,734 |
$16,984,470 |
| 29 |
$30,151,044 |
$11,116,217
$1,203,027 |
$17,831,800 |
| 30 |
$31,658,494 |
$11,673,973
$1,263,174 |
$18,721,347 |
|
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