The jackpot for the MEGA Millions draw on Tue Jan 27, 2026, is projected to be $285 Million, with an option for a cash payout of $128.6 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 Tue Jan 27, 2026 |
|---|
| Draw Date | Tue Jan 27, 2026 | | Projected Jackpot | $285,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(3.99%) | $5,131,140 | | Net Lumpsum Payment | $75,926,530 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,289,535 |
$1,547,458
$171,152 |
$2,570,925 |
| 2 |
$4,504,140 |
$1,626,862
$179,715 |
$2,697,563 |
| 3 |
$4,729,290 |
$1,710,168
$188,699 |
$2,830,423 |
| 4 |
$4,965,840 |
$1,797,691
$198,137 |
$2,970,012 |
| 5 |
$5,214,075 |
$1,889,538
$208,042 |
$3,116,495 |
| 6 |
$5,474,850 |
$1,986,025
$218,447 |
$3,270,378 |
| 7 |
$5,748,450 |
$2,087,257
$229,363 |
$3,431,830 |
| 8 |
$6,036,015 |
$2,193,656
$240,837 |
$3,601,522 |
| 9 |
$6,337,830 |
$2,305,327
$252,879 |
$3,779,624 |
| 10 |
$6,654,750 |
$2,422,588
$265,525 |
$3,966,637 |
| 11 |
$6,987,345 |
$2,545,648
$278,795 |
$4,162,902 |
| 12 |
$7,336,755 |
$2,674,930
$292,737 |
$4,369,088 |
| 13 |
$7,703,550 |
$2,810,644
$307,372 |
$4,585,534 |
| 14 |
$8,088,870 |
$2,953,212
$322,746 |
$4,812,912 |
| 15 |
$8,493,285 |
$3,102,846
$338,882 |
$5,051,557 |
| 16 |
$8,917,935 |
$3,259,966
$355,826 |
$5,302,143 |
| 17 |
$9,363,675 |
$3,424,890
$373,611 |
$5,565,174 |
| 18 |
$9,831,930 |
$3,598,144
$392,294 |
$5,841,492 |
| 19 |
$10,323,555 |
$3,780,046
$411,910 |
$6,131,599 |
| 20 |
$10,839,690 |
$3,971,016
$432,504 |
$6,436,170 |
| 21 |
$11,381,760 |
$4,171,582
$454,132 |
$6,756,046 |
| 22 |
$11,950,905 |
$4,382,165
$476,841 |
$7,091,899 |
| 23 |
$12,548,265 |
$4,603,188
$500,676 |
$7,444,401 |
| 24 |
$13,175,835 |
$4,835,389
$525,716 |
$7,814,730 |
| 25 |
$13,834,470 |
$5,079,084
$551,995 |
$8,203,391 |
| 26 |
$14,526,450 |
$5,335,117
$579,605 |
$8,611,728 |
| 27 |
$15,252,630 |
$5,603,803
$608,580 |
$9,040,247 |
| 28 |
$16,015,290 |
$5,885,988
$639,010 |
$9,490,292 |
| 29 |
$16,816,140 |
$6,182,302
$670,964 |
$9,962,874 |
| 30 |
$17,656,890 |
$6,493,380
$704,510 |
$10,459,000 |
|
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