The jackpot for the MEGA Millions draw on Fri May 1, 2026, is projected to be $178 Million, with an option for a cash payout of $79.6 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 Fri May 1, 2026 |
|---|
| Draw Date | Fri May 1, 2026 | | Projected Jackpot | $178,000,000 | | Cash Value | $79,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,600,000 | | Federal Tax(24%) | $19,104,000 | | Additional Federal Tax | $10,308,330 | | State Tax(3.99%) | $3,176,040 | | Net Lumpsum Payment | $47,011,630 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,679,078 |
$951,589
$106,895 |
$1,620,594 |
| 2 |
$2,813,112 |
$1,001,182
$112,243 |
$1,699,687 |
| 3 |
$2,953,732 |
$1,053,211
$117,854 |
$1,782,667 |
| 4 |
$3,101,472 |
$1,107,875
$123,749 |
$1,869,848 |
| 5 |
$3,256,510 |
$1,165,239
$129,935 |
$1,961,336 |
| 6 |
$3,419,380 |
$1,225,501
$136,433 |
$2,057,446 |
| 7 |
$3,590,260 |
$1,288,727
$143,251 |
$2,158,282 |
| 8 |
$3,769,862 |
$1,355,179
$150,417 |
$2,264,266 |
| 9 |
$3,958,364 |
$1,424,925
$157,939 |
$2,375,500 |
| 10 |
$4,156,300 |
$1,498,161
$165,836 |
$2,492,303 |
| 11 |
$4,364,026 |
$1,575,020
$174,125 |
$2,614,881 |
| 12 |
$4,582,254 |
$1,655,764
$182,832 |
$2,743,658 |
| 13 |
$4,811,340 |
$1,740,526
$191,972 |
$2,878,842 |
| 14 |
$5,051,996 |
$1,829,569
$201,575 |
$3,020,852 |
| 15 |
$5,304,578 |
$1,923,024
$211,653 |
$3,169,901 |
| 16 |
$5,569,798 |
$2,021,156
$222,235 |
$3,326,407 |
| 17 |
$5,848,190 |
$2,124,161
$233,343 |
$3,490,686 |
| 18 |
$6,140,644 |
$2,232,369
$245,012 |
$3,663,263 |
| 19 |
$6,447,694 |
$2,345,977
$257,263 |
$3,844,454 |
| 20 |
$6,770,052 |
$2,465,250
$270,125 |
$4,034,677 |
| 21 |
$7,108,608 |
$2,590,515
$283,633 |
$4,234,460 |
| 22 |
$7,464,074 |
$2,722,038
$297,817 |
$4,444,219 |
| 23 |
$7,837,162 |
$2,860,080
$312,703 |
$4,664,379 |
| 24 |
$8,229,118 |
$3,005,104
$328,342 |
$4,895,672 |
| 25 |
$8,640,476 |
$3,157,307
$344,755 |
$5,138,414 |
| 26 |
$9,072,660 |
$3,317,215
$361,999 |
$5,393,446 |
| 27 |
$9,526,204 |
$3,485,026
$380,096 |
$5,661,082 |
| 28 |
$10,002,532 |
$3,661,267
$399,101 |
$5,942,164 |
| 29 |
$10,502,712 |
$3,846,334
$419,058 |
$6,237,320 |
| 30 |
$11,027,812 |
$4,040,621
$440,010 |
$6,547,181 |
|
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