The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(3.99%) | $6,527,640 | | Net Lumpsum Payment | $96,580,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$220,997 |
$3,308,096 |
| 2 |
$5,815,872 |
$2,112,203
$232,053 |
$3,471,616 |
| 3 |
$6,106,592 |
$2,219,769
$243,653 |
$3,643,170 |
| 4 |
$6,412,032 |
$2,332,782
$255,840 |
$3,823,410 |
| 5 |
$6,732,560 |
$2,451,378
$268,629 |
$4,012,553 |
| 6 |
$7,069,280 |
$2,575,964
$282,064 |
$4,211,252 |
| 7 |
$7,422,560 |
$2,706,678
$296,160 |
$4,419,722 |
| 8 |
$7,793,872 |
$2,844,063
$310,975 |
$4,638,834 |
| 9 |
$8,183,584 |
$2,988,256
$326,525 |
$4,868,803 |
| 10 |
$8,592,800 |
$3,139,666
$342,853 |
$5,110,281 |
| 11 |
$9,022,256 |
$3,298,565
$359,988 |
$5,363,703 |
| 12 |
$9,473,424 |
$3,465,497
$377,990 |
$5,629,937 |
| 13 |
$9,947,040 |
$3,640,735
$396,887 |
$5,909,418 |
| 14 |
$10,444,576 |
$3,824,824
$416,739 |
$6,203,013 |
| 15 |
$10,966,768 |
$4,018,035
$437,574 |
$6,511,159 |
| 16 |
$11,515,088 |
$4,220,913
$459,452 |
$6,834,723 |
| 17 |
$12,090,640 |
$4,433,867
$482,417 |
$7,174,356 |
| 18 |
$12,695,264 |
$4,657,578
$506,541 |
$7,531,145 |
| 19 |
$13,330,064 |
$4,892,454
$531,870 |
$7,905,740 |
| 20 |
$13,996,512 |
$5,139,040
$558,461 |
$8,299,011 |
| 21 |
$14,696,448 |
$5,398,016
$586,388 |
$8,712,044 |
| 22 |
$15,431,344 |
$5,669,928
$615,711 |
$9,145,705 |
| 23 |
$16,202,672 |
$5,955,319
$646,487 |
$9,600,866 |
| 24 |
$17,013,008 |
$6,255,143
$678,819 |
$10,079,046 |
| 25 |
$17,863,456 |
$6,569,809
$712,752 |
$10,580,895 |
| 26 |
$18,756,960 |
$6,900,406
$748,403 |
$11,108,151 |
| 27 |
$19,694,624 |
$7,247,341
$785,815 |
$11,661,468 |
| 28 |
$20,679,392 |
$7,611,705
$825,108 |
$12,242,579 |
| 29 |
$21,713,472 |
$7,994,315
$866,368 |
$12,852,789 |
| 30 |
$22,799,072 |
$8,395,987
$909,683 |
$13,493,402 |
|
|
