The jackpot for the MEGA Millions draw on Fri Apr 18, 2025, is projected to be $112 Million, with an option for a cash payout of $49.3 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 Apr 18, 2025 |
|---|
| Draw Date | Fri Apr 18, 2025 | | Projected Jackpot | $112,000,000 | | Cash Value | $49,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,300,000 | | Federal Tax(24%) | $11,832,000 | | Additional Federal Tax | $6,369,330 | | State Tax(3.99%) | $1,967,070 | | Net Lumpsum Payment | $29,131,600 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,685,712 |
$584,044
$67,260 |
$1,034,408 |
| 2 |
$1,770,048 |
$615,248
$70,625 |
$1,084,175 |
| 3 |
$1,858,528 |
$647,986
$74,155 |
$1,136,387 |
| 4 |
$1,951,488 |
$682,381
$77,864 |
$1,191,243 |
| 5 |
$2,049,040 |
$718,475
$81,757 |
$1,248,808 |
| 6 |
$2,151,520 |
$756,393
$85,846 |
$1,309,281 |
| 7 |
$2,259,040 |
$796,175
$90,136 |
$1,372,729 |
| 8 |
$2,372,048 |
$837,988
$94,645 |
$1,439,415 |
| 9 |
$2,490,656 |
$881,873
$99,377 |
$1,509,406 |
| 10 |
$2,615,200 |
$927,954
$104,346 |
$1,582,900 |
| 11 |
$2,745,904 |
$976,315
$109,562 |
$1,660,027 |
| 12 |
$2,883,216 |
$1,027,120
$115,040 |
$1,741,056 |
| 13 |
$3,027,360 |
$1,080,454
$120,792 |
$1,826,114 |
| 14 |
$3,178,784 |
$1,136,480
$126,833 |
$1,915,471 |
| 15 |
$3,337,712 |
$1,195,284
$133,175 |
$2,009,253 |
| 16 |
$3,504,592 |
$1,257,029
$139,833 |
$2,107,730 |
| 17 |
$3,679,760 |
$1,321,842
$146,822 |
$2,211,096 |
| 18 |
$3,863,776 |
$1,389,928
$154,165 |
$2,319,683 |
| 19 |
$4,056,976 |
$1,461,412
$161,873 |
$2,433,691 |
| 20 |
$4,259,808 |
$1,536,459
$169,966 |
$2,553,383 |
| 21 |
$4,472,832 |
$1,615,278
$178,466 |
$2,679,088 |
| 22 |
$4,696,496 |
$1,698,034
$187,390 |
$2,811,072 |
| 23 |
$4,931,248 |
$1,784,892
$196,757 |
$2,949,599 |
| 24 |
$5,177,872 |
$1,876,143
$206,597 |
$3,095,132 |
| 25 |
$5,436,704 |
$1,971,911
$216,924 |
$3,247,869 |
| 26 |
$5,708,640 |
$2,072,527
$227,775 |
$3,408,338 |
| 27 |
$5,994,016 |
$2,178,116
$239,161 |
$3,576,739 |
| 28 |
$6,293,728 |
$2,289,010
$251,120 |
$3,753,598 |
| 29 |
$6,608,448 |
$2,405,456
$263,677 |
$3,939,315 |
| 30 |
$6,938,848 |
$2,527,704
$276,860 |
$4,134,284 |
|
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