The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(3.99%) | $12,133,590 | | Net Lumpsum Payment | $179,489,080 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$390,348 |
$5,812,706 |
| 2 |
$10,272,600 |
$3,761,192
$409,877 |
$6,101,531 |
| 3 |
$10,786,100 |
$3,951,187
$430,365 |
$6,404,548 |
| 4 |
$11,325,600 |
$4,150,802
$451,891 |
$6,722,907 |
| 5 |
$11,891,750 |
$4,360,278
$474,481 |
$7,056,991 |
| 6 |
$12,486,500 |
$4,580,335
$498,211 |
$7,407,954 |
| 7 |
$13,110,500 |
$4,811,215
$523,109 |
$7,776,176 |
| 8 |
$13,766,350 |
$5,053,880
$549,277 |
$8,163,193 |
| 9 |
$14,454,700 |
$5,308,569
$576,743 |
$8,569,388 |
| 10 |
$15,177,500 |
$5,576,005
$605,582 |
$8,995,913 |
| 11 |
$15,936,050 |
$5,856,669
$635,848 |
$9,443,533 |
| 12 |
$16,732,950 |
$6,151,522
$667,645 |
$9,913,783 |
| 13 |
$17,569,500 |
$6,461,045
$701,023 |
$10,407,432 |
| 14 |
$18,448,300 |
$6,786,201
$736,087 |
$10,926,012 |
| 15 |
$19,370,650 |
$7,127,471
$772,889 |
$11,470,290 |
| 16 |
$20,339,150 |
$7,485,816
$811,532 |
$12,041,802 |
| 17 |
$21,355,750 |
$7,861,958
$852,094 |
$12,641,698 |
| 18 |
$22,423,700 |
$8,257,099
$894,706 |
$13,271,895 |
| 19 |
$23,544,950 |
$8,671,962
$939,444 |
$13,933,544 |
| 20 |
$24,722,100 |
$9,107,507
$986,412 |
$14,628,181 |
| 21 |
$25,958,400 |
$9,564,938
$1,035,740 |
$15,357,722 |
| 22 |
$27,256,450 |
$10,045,217
$1,087,532 |
$16,123,701 |
| 23 |
$28,618,850 |
$10,549,305
$1,141,892 |
$16,927,653 |
| 24 |
$30,050,150 |
$11,078,886
$1,199,001 |
$17,772,263 |
| 25 |
$31,552,300 |
$11,634,681
$1,258,937 |
$18,658,682 |
| 26 |
$33,130,500 |
$12,218,615
$1,321,907 |
$19,589,978 |
| 27 |
$34,786,700 |
$12,831,409
$1,387,989 |
$20,567,302 |
| 28 |
$36,526,100 |
$13,474,987
$1,457,391 |
$21,593,722 |
| 29 |
$38,352,600 |
$14,150,792
$1,530,269 |
$22,671,539 |
| 30 |
$40,270,100 |
$14,860,267
$1,606,777 |
$23,803,056 |
|
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