The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(3.99%) | $8,103,690 | | Net Lumpsum Payment | $119,888,980 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$263,034 |
$3,929,809 |
| 2 |
$6,922,152 |
$2,521,527
$276,194 |
$4,124,431 |
| 3 |
$7,268,172 |
$2,649,554
$290,000 |
$4,328,618 |
| 4 |
$7,631,712 |
$2,784,064
$304,505 |
$4,543,143 |
| 5 |
$8,013,210 |
$2,925,218
$319,727 |
$4,768,265 |
| 6 |
$8,413,980 |
$3,073,503
$335,718 |
$5,004,759 |
| 7 |
$8,834,460 |
$3,229,081
$352,495 |
$5,252,884 |
| 8 |
$9,276,402 |
$3,392,599
$370,128 |
$5,513,675 |
| 9 |
$9,740,244 |
$3,564,221
$388,636 |
$5,787,387 |
| 10 |
$10,227,300 |
$3,744,431
$408,069 |
$6,074,800 |
| 11 |
$10,738,446 |
$3,933,555
$428,464 |
$6,376,427 |
| 12 |
$11,275,434 |
$4,132,241
$449,890 |
$6,693,303 |
| 13 |
$11,839,140 |
$4,340,812
$472,382 |
$7,025,946 |
| 14 |
$12,431,316 |
$4,559,917
$496,010 |
$7,375,389 |
| 15 |
$13,052,838 |
$4,789,880
$520,808 |
$7,742,150 |
| 16 |
$13,705,458 |
$5,031,350
$546,848 |
$8,127,260 |
| 17 |
$14,390,490 |
$5,284,812
$574,181 |
$8,531,497 |
| 18 |
$15,110,124 |
$5,551,076
$602,894 |
$8,956,154 |
| 19 |
$15,865,674 |
$5,830,630
$633,040 |
$9,402,004 |
| 20 |
$16,658,892 |
$6,124,120
$664,690 |
$9,870,082 |
| 21 |
$17,491,968 |
$6,432,359
$697,930 |
$10,361,679 |
| 22 |
$18,366,654 |
$6,755,992
$732,829 |
$10,877,833 |
| 23 |
$19,284,702 |
$7,095,670
$769,460 |
$11,419,572 |
| 24 |
$20,249,178 |
$7,452,526
$807,942 |
$11,988,710 |
| 25 |
$21,261,396 |
$7,827,047
$848,330 |
$12,586,019 |
| 26 |
$22,324,860 |
$8,220,529
$890,762 |
$13,213,569 |
| 27 |
$23,440,884 |
$8,633,457
$935,291 |
$13,872,136 |
| 28 |
$24,612,972 |
$9,067,130
$982,058 |
$14,563,784 |
| 29 |
$25,843,752 |
$9,522,519
$1,031,166 |
$15,290,067 |
| 30 |
$27,135,852 |
$10,000,596
$1,082,720 |
$16,052,536 |
|
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