The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(3.99%) | $3,000,480 | | Net Lumpsum Payment | $44,415,190 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$99,689 |
$1,514,014 |
| 2 |
$2,623,464 |
$931,012
$104,676 |
$1,587,776 |
| 3 |
$2,754,604 |
$979,534
$109,909 |
$1,665,161 |
| 4 |
$2,892,384 |
$1,030,512
$115,406 |
$1,746,466 |
| 5 |
$3,036,970 |
$1,084,009
$121,175 |
$1,831,786 |
| 6 |
$3,188,860 |
$1,140,209
$127,236 |
$1,921,415 |
| 7 |
$3,348,220 |
$1,199,172
$133,594 |
$2,015,454 |
| 8 |
$3,515,714 |
$1,261,145
$140,277 |
$2,114,292 |
| 9 |
$3,691,508 |
$1,326,188
$147,291 |
$2,218,029 |
| 10 |
$3,876,100 |
$1,394,487
$154,656 |
$2,326,957 |
| 11 |
$4,069,822 |
$1,466,165
$162,386 |
$2,441,271 |
| 12 |
$4,273,338 |
$1,541,465
$170,506 |
$2,561,367 |
| 13 |
$4,486,980 |
$1,620,513
$179,031 |
$2,687,436 |
| 14 |
$4,711,412 |
$1,703,553
$187,985 |
$2,819,874 |
| 15 |
$4,946,966 |
$1,790,708
$197,384 |
$2,958,874 |
| 16 |
$5,194,306 |
$1,882,224
$207,253 |
$3,104,829 |
| 17 |
$5,453,930 |
$1,978,284
$217,612 |
$3,258,034 |
| 18 |
$5,726,668 |
$2,079,198
$228,494 |
$3,418,976 |
| 19 |
$6,013,018 |
$2,185,147
$239,919 |
$3,587,952 |
| 20 |
$6,313,644 |
$2,296,379
$251,914 |
$3,765,351 |
| 21 |
$6,629,376 |
$2,413,200
$264,512 |
$3,951,664 |
| 22 |
$6,960,878 |
$2,535,855
$277,739 |
$4,147,284 |
| 23 |
$7,308,814 |
$2,664,592
$291,622 |
$4,352,600 |
| 24 |
$7,674,346 |
$2,799,838
$306,206 |
$4,568,302 |
| 25 |
$8,057,972 |
$2,941,780
$321,513 |
$4,794,679 |
| 26 |
$8,461,020 |
$3,090,908
$337,595 |
$5,032,517 |
| 27 |
$8,883,988 |
$3,247,406
$354,471 |
$5,282,111 |
| 28 |
$9,328,204 |
$3,411,766
$372,195 |
$5,544,243 |
| 29 |
$9,794,664 |
$3,584,356
$390,807 |
$5,819,501 |
| 30 |
$10,284,364 |
$3,765,545
$410,346 |
$6,108,473 |
|
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