The jackpot for the MEGA Millions draw on Fri Oct 3, 2025, is projected to be $520 Million, with an option for a cash payout of $240.1 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 Fri Oct 3, 2025 |
|---|
| Draw Date | Fri Oct 3, 2025 | | Projected Jackpot | $520,000,000 | | Cash Value | $240,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $240,100,000 | | Federal Tax(24%) | $57,624,000 | | Additional Federal Tax | $31,173,330 | | State Tax(3.99%) | $9,579,990 | | Net Lumpsum Payment | $141,722,680 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,826,520 |
$2,856,143
$312,278 |
$4,658,099 |
| 2 |
$8,218,080 |
$3,001,020
$327,901 |
$4,889,159 |
| 3 |
$8,628,880 |
$3,153,016
$344,292 |
$5,131,572 |
| 4 |
$9,060,480 |
$3,312,708
$361,513 |
$5,386,259 |
| 5 |
$9,513,400 |
$3,480,288
$379,585 |
$5,653,527 |
| 6 |
$9,989,200 |
$3,656,334
$398,569 |
$5,934,297 |
| 7 |
$10,488,400 |
$3,841,038
$418,487 |
$6,228,875 |
| 8 |
$11,013,080 |
$4,035,170
$439,422 |
$6,538,488 |
| 9 |
$11,563,760 |
$4,238,922
$461,394 |
$6,863,444 |
| 10 |
$12,142,000 |
$4,452,870
$484,466 |
$7,204,664 |
| 11 |
$12,748,840 |
$4,677,401
$508,679 |
$7,562,760 |
| 12 |
$13,386,360 |
$4,913,284
$534,116 |
$7,938,960 |
| 13 |
$14,055,600 |
$5,160,902
$560,818 |
$8,333,880 |
| 14 |
$14,758,640 |
$5,421,027
$588,870 |
$8,748,743 |
| 15 |
$15,496,520 |
$5,694,043
$618,311 |
$9,184,166 |
| 16 |
$16,271,320 |
$5,980,719
$649,226 |
$9,641,375 |
| 17 |
$17,084,600 |
$6,281,632
$681,676 |
$10,121,292 |
| 18 |
$17,938,960 |
$6,597,746
$715,765 |
$10,625,449 |
| 19 |
$18,835,960 |
$6,929,636
$751,555 |
$11,154,769 |
| 20 |
$19,777,680 |
$7,278,072
$789,129 |
$11,710,479 |
| 21 |
$20,766,720 |
$7,644,017
$828,592 |
$12,294,111 |
| 22 |
$21,805,160 |
$8,028,240
$870,026 |
$12,906,894 |
| 23 |
$22,895,080 |
$8,431,510
$913,514 |
$13,550,056 |
| 24 |
$24,040,120 |
$8,855,175
$959,201 |
$14,225,744 |
| 25 |
$25,241,840 |
$9,299,811
$1,007,149 |
$14,934,880 |
| 26 |
$26,504,400 |
$9,766,958
$1,057,526 |
$15,679,916 |
| 27 |
$27,829,360 |
$10,257,194
$1,110,391 |
$16,461,775 |
| 28 |
$29,220,880 |
$10,772,056
$1,165,913 |
$17,282,911 |
| 29 |
$30,682,080 |
$11,312,700
$1,224,215 |
$18,145,165 |
| 30 |
$32,216,080 |
$11,880,280
$1,285,422 |
$19,050,378 |
|
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