Jackpot Analysis Ohio Mega Millions 6u5r3k

Jackpot Analysis for Ohio Mega Millions
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