The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 Oct 17, 2025 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $288,800,000 | | Federal Tax(24%) | $69,312,000 | | Additional Federal Tax | $37,504,330 | | State Tax(3.99%) | $11,523,120 | | Net Lumpsum Payment | $170,460,550 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$375,334 |
$5,590,667 |
| 2 |
$9,877,500 |
$3,615,005
$394,112 |
$5,868,383 |
| 3 |
$10,371,250 |
$3,797,693
$413,813 |
$6,159,744 |
| 4 |
$10,890,000 |
$3,989,630
$434,511 |
$6,465,859 |
| 5 |
$11,434,375 |
$4,191,049
$456,232 |
$6,787,094 |
| 6 |
$12,006,250 |
$4,402,643
$479,049 |
$7,124,558 |
| 7 |
$12,606,250 |
$4,624,643
$502,989 |
$7,478,618 |
| 8 |
$13,236,875 |
$4,857,974
$528,151 |
$7,850,750 |
| 9 |
$13,898,750 |
$5,102,868
$554,560 |
$8,241,322 |
| 10 |
$14,593,750 |
$5,360,018
$582,291 |
$8,651,441 |
| 11 |
$15,323,125 |
$5,629,887
$611,393 |
$9,081,845 |
| 12 |
$16,089,375 |
$5,913,399
$641,966 |
$9,534,010 |
| 13 |
$16,893,750 |
$6,211,018
$674,061 |
$10,008,671 |
| 14 |
$17,738,750 |
$6,523,668
$707,776 |
$10,507,306 |
| 15 |
$18,625,625 |
$6,851,812
$743,162 |
$11,030,651 |
| 16 |
$19,556,875 |
$7,196,374
$780,319 |
$11,580,182 |
| 17 |
$20,534,375 |
$7,558,049
$819,322 |
$12,157,004 |
| 18 |
$21,561,250 |
$7,937,993
$860,294 |
$12,762,963 |
| 19 |
$22,639,375 |
$8,336,899
$903,311 |
$13,399,165 |
| 20 |
$23,771,250 |
$8,755,693
$948,473 |
$14,067,084 |
| 21 |
$24,960,000 |
$9,195,530
$995,904 |
$14,768,566 |
| 22 |
$26,208,125 |
$9,657,337
$1,045,704 |
$15,505,084 |
| 23 |
$27,518,125 |
$10,142,037
$1,097,973 |
$16,278,115 |
| 24 |
$28,894,375 |
$10,651,249
$1,152,886 |
$17,090,240 |
| 25 |
$30,338,750 |
$11,185,668
$1,210,516 |
$17,942,566 |
| 26 |
$31,856,250 |
$11,747,143
$1,271,064 |
$18,838,043 |
| 27 |
$33,448,750 |
$12,336,368
$1,334,605 |
$19,777,777 |
| 28 |
$35,121,250 |
$12,955,193
$1,401,338 |
$20,764,719 |
| 29 |
$36,877,500 |
$13,605,005
$1,471,412 |
$21,801,083 |
| 30 |
$38,721,250 |
$14,287,193
$1,544,978 |
$22,889,079 |
|
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