The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | 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 |
$4,861,473 |
$1,759,075
$193,973 |
$2,908,425 |
| 2 |
$5,104,692 |
$1,849,066
$203,677 |
$3,051,949 |
| 3 |
$5,359,862 |
$1,943,479
$213,858 |
$3,202,525 |
| 4 |
$5,627,952 |
$2,042,673
$224,555 |
$3,360,724 |
| 5 |
$5,909,285 |
$2,146,766
$235,780 |
$3,526,739 |
| 6 |
$6,204,830 |
$2,256,117
$247,573 |
$3,701,140 |
| 7 |
$6,514,910 |
$2,370,847
$259,945 |
$3,884,118 |
| 8 |
$6,840,817 |
$2,491,433
$272,949 |
$4,076,435 |
| 9 |
$7,182,874 |
$2,617,994
$286,597 |
$4,278,283 |
| 10 |
$7,542,050 |
$2,750,889
$300,928 |
$4,490,233 |
| 11 |
$7,918,991 |
$2,890,357
$315,968 |
$4,712,666 |
| 12 |
$8,314,989 |
$3,036,876
$331,768 |
$4,946,345 |
| 13 |
$8,730,690 |
$3,190,686
$348,355 |
$5,191,649 |
| 14 |
$9,167,386 |
$3,352,263
$365,779 |
$5,449,344 |
| 15 |
$9,625,723 |
$3,521,848
$384,066 |
$5,719,809 |
| 16 |
$10,106,993 |
$3,699,918
$403,269 |
$6,003,806 |
| 17 |
$10,612,165 |
$3,886,831
$423,425 |
$6,301,909 |
| 18 |
$11,142,854 |
$4,083,186
$444,600 |
$6,615,068 |
| 19 |
$11,700,029 |
$4,289,341
$466,831 |
$6,943,857 |
| 20 |
$12,284,982 |
$4,505,774
$490,171 |
$7,289,037 |
| 21 |
$12,899,328 |
$4,733,082
$514,683 |
$7,651,563 |
| 22 |
$13,544,359 |
$4,971,743
$540,420 |
$8,032,196 |
| 23 |
$14,221,367 |
$5,222,236
$567,433 |
$8,431,698 |
| 24 |
$14,932,613 |
$5,485,397
$595,811 |
$8,851,405 |
| 25 |
$15,679,066 |
$5,761,585
$625,595 |
$9,291,886 |
| 26 |
$16,463,310 |
$6,051,755
$656,886 |
$9,754,669 |
| 27 |
$17,286,314 |
$6,356,267
$689,724 |
$10,240,323 |
| 28 |
$18,150,662 |
$6,676,075
$724,211 |
$10,750,376 |
| 29 |
$19,058,292 |
$7,011,898
$760,426 |
$11,285,968 |
| 30 |
$20,011,142 |
$7,364,453
$798,445 |
$11,848,244 |
|
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