The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Tue Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(3.99%) | $5,031,390 | | Net Lumpsum Payment | $74,451,280 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$168,150 |
$2,526,516 |
| 2 |
$4,425,120 |
$1,597,625
$176,562 |
$2,650,933 |
| 3 |
$4,646,320 |
$1,679,469
$185,388 |
$2,781,463 |
| 4 |
$4,878,720 |
$1,765,457
$194,661 |
$2,918,602 |
| 5 |
$5,122,600 |
$1,855,692
$204,392 |
$3,062,516 |
| 6 |
$5,378,800 |
$1,950,486
$214,614 |
$3,213,700 |
| 7 |
$5,647,600 |
$2,049,942
$225,339 |
$3,372,319 |
| 8 |
$5,930,120 |
$2,154,475
$236,612 |
$3,539,033 |
| 9 |
$6,226,640 |
$2,264,187
$248,443 |
$3,714,010 |
| 10 |
$6,538,000 |
$2,379,390
$260,866 |
$3,897,744 |
| 11 |
$6,864,760 |
$2,500,292
$273,904 |
$4,090,564 |
| 12 |
$7,208,040 |
$2,627,305
$287,601 |
$4,293,134 |
| 13 |
$7,568,400 |
$2,760,638
$301,979 |
$4,505,783 |
| 14 |
$7,946,960 |
$2,900,706
$317,084 |
$4,729,170 |
| 15 |
$8,344,280 |
$3,047,714
$332,937 |
$4,963,629 |
| 16 |
$8,761,480 |
$3,202,078
$349,583 |
$5,209,819 |
| 17 |
$9,199,400 |
$3,364,108
$367,056 |
$5,468,236 |
| 18 |
$9,659,440 |
$3,534,323
$385,412 |
$5,739,705 |
| 19 |
$10,142,440 |
$3,713,033
$404,683 |
$6,024,724 |
| 20 |
$10,649,520 |
$3,900,653
$424,916 |
$6,323,951 |
| 21 |
$11,182,080 |
$4,097,700
$446,165 |
$6,638,215 |
| 22 |
$11,741,240 |
$4,304,589
$468,475 |
$6,968,176 |
| 23 |
$12,328,120 |
$4,521,735
$491,892 |
$7,314,493 |
| 24 |
$12,944,680 |
$4,749,862
$516,493 |
$7,678,325 |
| 25 |
$13,591,760 |
$4,989,282
$542,311 |
$8,060,167 |
| 26 |
$14,271,600 |
$5,240,822
$569,437 |
$8,461,341 |
| 27 |
$14,985,040 |
$5,504,795
$597,903 |
$8,882,342 |
| 28 |
$15,734,320 |
$5,782,029
$627,799 |
$9,324,492 |
| 29 |
$16,521,120 |
$6,073,145
$659,193 |
$9,788,782 |
| 30 |
$17,347,120 |
$6,378,765
$692,150 |
$10,276,205 |
|
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