The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(3.99%) | $10,042,830 | | Net Lumpsum Payment | $148,567,840 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$328,493 |
$4,897,902 |
| 2 |
$8,644,788 |
$3,158,902
$344,927 |
$5,140,959 |
| 3 |
$9,076,918 |
$3,318,790
$362,169 |
$5,395,959 |
| 4 |
$9,530,928 |
$3,486,774
$380,284 |
$5,663,870 |
| 5 |
$10,007,365 |
$3,663,055
$399,294 |
$5,945,016 |
| 6 |
$10,507,870 |
$3,848,242
$419,264 |
$6,240,364 |
| 7 |
$11,032,990 |
$4,042,537
$440,216 |
$6,550,237 |
| 8 |
$11,584,913 |
$4,246,748
$462,238 |
$6,875,927 |
| 9 |
$12,164,186 |
$4,461,079
$485,351 |
$7,217,756 |
| 10 |
$12,772,450 |
$4,686,137
$509,621 |
$7,576,692 |
| 11 |
$13,410,799 |
$4,922,326
$535,091 |
$7,953,382 |
| 12 |
$14,081,421 |
$5,170,456
$561,849 |
$8,349,116 |
| 13 |
$14,785,410 |
$5,430,932
$589,938 |
$8,764,540 |
| 14 |
$15,524,954 |
$5,704,563
$619,446 |
$9,200,945 |
| 15 |
$16,301,147 |
$5,991,755
$650,416 |
$9,658,976 |
| 16 |
$17,116,177 |
$6,293,316
$682,935 |
$10,139,926 |
| 17 |
$17,971,685 |
$6,609,854
$717,070 |
$10,644,761 |
| 18 |
$18,870,406 |
$6,942,381
$752,929 |
$11,175,096 |
| 19 |
$19,813,981 |
$7,291,503
$790,578 |
$11,731,900 |
| 20 |
$20,804,598 |
$7,658,032
$830,103 |
$12,316,463 |
| 21 |
$21,844,992 |
$8,042,977
$871,615 |
$12,930,400 |
| 22 |
$22,937,351 |
$8,447,150
$915,200 |
$13,575,001 |
| 23 |
$24,083,863 |
$8,871,360
$960,946 |
$14,251,557 |
| 24 |
$25,288,357 |
$9,317,022
$1,009,005 |
$14,962,330 |
| 25 |
$26,552,474 |
$9,784,746
$1,059,444 |
$15,708,284 |
| 26 |
$27,880,590 |
$10,276,149
$1,112,436 |
$16,492,005 |
| 27 |
$29,274,346 |
$10,791,838
$1,168,046 |
$17,314,462 |
| 28 |
$30,738,118 |
$11,333,434
$1,226,451 |
$18,178,233 |
| 29 |
$32,275,188 |
$11,902,150
$1,287,780 |
$19,085,258 |
| 30 |
$33,888,838 |
$12,499,200
$1,352,165 |
$20,037,473 |
|
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