The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 Nov 22, 2024 |
|---|
| Draw Date | Fri Nov 22, 2024 | | Projected Jackpot | $453,000,000 | | Cash Value | $209,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $209,600,000 | | Federal Tax(24%) | $50,304,000 | | Additional Federal Tax | $27,208,330 | | State Tax(3.99%) | $8,363,040 | | Net Lumpsum Payment | $123,724,630 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,818,103 |
$2,483,028
$272,042 |
$4,063,033 |
| 2 |
$7,159,212 |
$2,609,239
$285,653 |
$4,264,320 |
| 3 |
$7,517,082 |
$2,741,651
$299,932 |
$4,475,499 |
| 4 |
$7,893,072 |
$2,880,767
$314,934 |
$4,697,371 |
| 5 |
$8,287,635 |
$3,026,755
$330,677 |
$4,930,203 |
| 6 |
$8,702,130 |
$3,180,118
$347,215 |
$5,174,797 |
| 7 |
$9,137,010 |
$3,341,024
$364,567 |
$5,431,419 |
| 8 |
$9,594,087 |
$3,510,143
$382,804 |
$5,701,140 |
| 9 |
$10,073,814 |
$3,687,642
$401,945 |
$5,984,227 |
| 10 |
$10,577,550 |
$3,874,024
$422,044 |
$6,281,482 |
| 11 |
$11,106,201 |
$4,069,625
$443,137 |
$6,593,439 |
| 12 |
$11,661,579 |
$4,275,115
$465,297 |
$6,921,167 |
| 13 |
$12,244,590 |
$4,490,829
$488,559 |
$7,265,202 |
| 14 |
$12,857,046 |
$4,717,437
$512,996 |
$7,626,613 |
| 15 |
$13,499,853 |
$4,955,276
$538,644 |
$8,005,933 |
| 16 |
$14,174,823 |
$5,205,015
$565,575 |
$8,404,233 |
| 17 |
$14,883,315 |
$5,467,157
$593,844 |
$8,822,314 |
| 18 |
$15,627,594 |
$5,742,540
$623,541 |
$9,261,513 |
| 19 |
$16,409,019 |
$6,031,667
$654,720 |
$9,722,632 |
| 20 |
$17,229,402 |
$6,335,209
$687,453 |
$10,206,740 |
| 21 |
$18,091,008 |
$6,654,003
$721,831 |
$10,715,174 |
| 22 |
$18,995,649 |
$6,988,721
$757,926 |
$11,249,002 |
| 23 |
$19,945,137 |
$7,340,031
$795,811 |
$11,809,295 |
| 24 |
$20,942,643 |
$7,709,108
$835,611 |
$12,397,924 |
| 25 |
$21,989,526 |
$8,096,455
$877,382 |
$13,015,689 |
| 26 |
$23,089,410 |
$8,503,412
$921,267 |
$13,664,731 |
| 27 |
$24,243,654 |
$8,930,482
$967,322 |
$14,345,850 |
| 28 |
$25,455,882 |
$9,379,007
$1,015,690 |
$15,061,185 |
| 29 |
$26,728,812 |
$9,849,991
$1,066,480 |
$15,812,341 |
| 30 |
$28,065,162 |
$10,344,440
$1,119,800 |
$16,600,922 |
|
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