The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 10, 2025 |
Draw Date |
Tue Jun 10, 2025 |
Projected Jackpot |
$243,000,000 |
Cash Value |
$108,000,000 |
Lumpsum Option Taxes and Payment |
Cash Gross Payment |
$108,000,000 |
Federal Tax(24%) |
$25,920,000 |
Additional Federal Tax |
$14,000,330 |
State Tax(3.99%) |
$4,309,200 |
Net Lumpsum Payment |
$63,770,470 |
Annuity Payment in 30 Installations |
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,657,393 |
$1,313,566
$145,930 |
$2,197,897 |
2 |
$3,840,372 |
$1,381,268
$153,231 |
$2,305,873 |
3 |
$4,032,342 |
$1,452,297
$160,890 |
$2,419,155 |
4 |
$4,234,032 |
$1,526,922
$168,938 |
$2,538,172 |
5 |
$4,445,685 |
$1,605,234
$177,383 |
$2,663,068 |
6 |
$4,668,030 |
$1,687,501
$186,254 |
$2,794,275 |
7 |
$4,901,310 |
$1,773,815
$195,562 |
$2,931,933 |
8 |
$5,146,497 |
$1,864,534
$205,345 |
$3,076,618 |
9 |
$5,403,834 |
$1,959,749
$215,613 |
$3,228,472 |
10 |
$5,674,050 |
$2,059,729
$226,395 |
$3,387,926 |
11 |
$5,957,631 |
$2,164,654
$237,709 |
$3,555,268 |
12 |
$6,255,549 |
$2,274,884
$249,596 |
$3,731,069 |
13 |
$6,568,290 |
$2,390,598
$262,075 |
$3,915,617 |
14 |
$6,896,826 |
$2,512,156
$275,183 |
$4,109,487 |
15 |
$7,241,643 |
$2,639,738
$288,942 |
$4,312,963 |
16 |
$7,603,713 |
$2,773,704
$303,388 |
$4,526,621 |
17 |
$7,983,765 |
$2,914,323
$318,552 |
$4,750,890 |
18 |
$8,383,014 |
$3,062,046
$334,482 |
$4,986,486 |
19 |
$8,802,189 |
$3,217,140
$351,207 |
$5,233,842 |
20 |
$9,242,262 |
$3,379,967
$368,766 |
$5,493,529 |
21 |
$9,704,448 |
$3,550,976
$387,207 |
$5,766,265 |
22 |
$10,189,719 |
$3,730,526
$406,570 |
$6,052,623 |
23 |
$10,699,047 |
$3,918,978
$426,892 |
$6,353,177 |
24 |
$11,234,133 |
$4,116,960
$448,242 |
$6,668,931 |
25 |
$11,795,706 |
$4,324,742
$470,649 |
$7,000,315 |
26 |
$12,385,710 |
$4,543,043
$494,190 |
$7,348,477 |
27 |
$13,004,874 |
$4,772,134
$518,894 |
$7,713,846 |
28 |
$13,655,142 |
$5,012,733
$544,840 |
$8,097,569 |
29 |
$14,337,972 |
$5,265,380
$572,085 |
$8,500,507 |
30 |
$15,054,822 |
$5,530,615
$600,687 |
$8,923,520 |
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