The jackpot for the MEGA Millions draw on Fri Oct 16, 2026, is projected to be $403 Million, with an option for a cash payout of $162.1 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 Fri Oct 16, 2026 |
|---|
| Draw Date | Fri Oct 16, 2026 | | Projected Jackpot | $403,000,000 | | Cash Value | $162,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $162,100,000 | | Federal Tax(24%) | $38,904,000 | | Additional Federal Tax | $21,033,330 | | State Tax(3.99%) | $6,467,790 | | Net Lumpsum Payment | $95,694,880 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,065,553 |
$2,204,585
$242,016 |
$3,618,952 |
| 2 |
$6,369,012 |
$2,316,865
$254,124 |
$3,798,023 |
| 3 |
$6,687,382 |
$2,434,662
$266,827 |
$3,985,893 |
| 4 |
$7,021,872 |
$2,558,423
$280,173 |
$4,183,276 |
| 5 |
$7,372,885 |
$2,688,298
$294,178 |
$4,390,409 |
| 6 |
$7,741,630 |
$2,824,733
$308,891 |
$4,608,006 |
| 7 |
$8,128,510 |
$2,967,879
$324,328 |
$4,836,303 |
| 8 |
$8,535,137 |
$3,118,331
$340,552 |
$5,076,254 |
| 9 |
$8,961,914 |
$3,276,239
$357,580 |
$5,328,095 |
| 10 |
$9,410,050 |
$3,442,049
$375,461 |
$5,592,540 |
| 11 |
$9,880,351 |
$3,616,060
$394,226 |
$5,870,065 |
| 12 |
$10,374,429 |
$3,798,869
$413,940 |
$6,161,620 |
| 13 |
$10,893,090 |
$3,990,774
$434,634 |
$6,467,682 |
| 14 |
$11,437,946 |
$4,192,370
$456,374 |
$6,789,202 |
| 15 |
$12,009,803 |
$4,403,957
$479,191 |
$7,126,655 |
| 16 |
$12,610,273 |
$4,626,131
$503,150 |
$7,480,992 |
| 17 |
$13,240,565 |
$4,859,339
$528,299 |
$7,852,927 |
| 18 |
$13,902,694 |
$5,104,327
$554,717 |
$8,243,650 |
| 19 |
$14,597,869 |
$5,361,542
$582,455 |
$8,653,872 |
| 20 |
$15,327,702 |
$5,631,580
$611,575 |
$9,084,547 |
| 21 |
$16,094,208 |
$5,915,187
$642,159 |
$9,536,862 |
| 22 |
$16,898,999 |
$6,212,960
$674,270 |
$10,011,769 |
| 23 |
$17,743,687 |
$6,525,495
$707,973 |
$10,510,219 |
| 24 |
$18,631,093 |
$6,853,835
$743,381 |
$11,033,877 |
| 25 |
$19,562,426 |
$7,198,428
$780,541 |
$11,583,457 |
| 26 |
$20,540,910 |
$7,560,467
$819,582 |
$12,160,861 |
| 27 |
$21,567,754 |
$7,940,399
$860,553 |
$12,766,802 |
| 28 |
$22,646,182 |
$8,339,418
$903,583 |
$13,403,181 |
| 29 |
$23,778,612 |
$8,758,417
$948,767 |
$14,071,428 |
| 30 |
$24,967,462 |
$9,198,291
$996,202 |
$14,772,969 |
|
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