The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(3.99%) | $5,813,430 | | Net Lumpsum Payment | $86,017,240 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$195,774 |
$2,935,070 |
| 2 |
$5,152,104 |
$1,866,609
$205,569 |
$3,079,926 |
| 3 |
$5,409,644 |
$1,961,899
$215,845 |
$3,231,900 |
| 4 |
$5,680,224 |
$2,062,013
$226,641 |
$3,391,570 |
| 5 |
$5,964,170 |
$2,167,073
$237,970 |
$3,559,127 |
| 6 |
$6,262,460 |
$2,277,441
$249,872 |
$3,735,147 |
| 7 |
$6,575,420 |
$2,393,236
$262,359 |
$3,919,825 |
| 8 |
$6,904,354 |
$2,514,941
$275,484 |
$4,113,929 |
| 9 |
$7,249,588 |
$2,642,678
$289,259 |
$4,317,651 |
| 10 |
$7,612,100 |
$2,776,807
$303,723 |
$4,531,570 |
| 11 |
$7,992,542 |
$2,917,571
$318,902 |
$4,756,069 |
| 12 |
$8,392,218 |
$3,065,451
$334,849 |
$4,991,918 |
| 13 |
$8,811,780 |
$3,220,689
$351,590 |
$5,239,501 |
| 14 |
$9,252,532 |
$3,383,767
$369,176 |
$5,499,589 |
| 15 |
$9,715,126 |
$3,554,927
$387,634 |
$5,772,565 |
| 16 |
$10,200,866 |
$3,734,651
$407,015 |
$6,059,200 |
| 17 |
$10,710,730 |
$3,923,300
$427,358 |
$6,360,072 |
| 18 |
$11,246,348 |
$4,121,479
$448,729 |
$6,676,140 |
| 19 |
$11,808,698 |
$4,329,549
$471,167 |
$7,007,982 |
| 20 |
$12,399,084 |
$4,547,991
$494,723 |
$7,356,370 |
| 21 |
$13,019,136 |
$4,777,411
$519,464 |
$7,722,261 |
| 22 |
$13,670,158 |
$5,018,289
$545,439 |
$8,106,430 |
| 23 |
$14,353,454 |
$5,271,108
$572,703 |
$8,509,643 |
| 24 |
$15,071,306 |
$5,536,714
$601,345 |
$8,933,247 |
| 25 |
$15,824,692 |
$5,815,466
$631,405 |
$9,377,821 |
| 26 |
$16,616,220 |
$6,108,332
$662,987 |
$9,844,901 |
| 27 |
$17,446,868 |
$6,415,672
$696,130 |
$10,335,066 |
| 28 |
$18,319,244 |
$6,738,451
$730,938 |
$10,849,855 |
| 29 |
$19,235,304 |
$7,077,393
$767,489 |
$11,390,422 |
| 30 |
$20,197,004 |
$7,433,222
$805,860 |
$11,957,922 |
|
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