The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Tue Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(3.99%) | $13,330,590 | | Net Lumpsum Payment | $197,192,080 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$428,782 |
$6,381,128 |
| 2 |
$11,284,056 |
$4,135,431
$450,234 |
$6,698,391 |
| 3 |
$11,848,116 |
$4,344,133
$472,740 |
$7,031,243 |
| 4 |
$12,440,736 |
$4,563,403
$496,385 |
$7,380,948 |
| 5 |
$13,062,630 |
$4,793,503
$521,199 |
$7,747,928 |
| 6 |
$13,715,940 |
$5,035,228
$547,266 |
$8,133,446 |
| 7 |
$14,401,380 |
$5,288,841
$574,615 |
$8,537,924 |
| 8 |
$15,121,806 |
$5,555,399
$603,360 |
$8,963,047 |
| 9 |
$15,877,932 |
$5,835,165
$633,529 |
$9,409,238 |
| 10 |
$16,671,900 |
$6,128,933
$665,209 |
$9,877,758 |
| 11 |
$17,505,138 |
$6,437,231
$698,455 |
$10,369,452 |
| 12 |
$18,380,502 |
$6,761,116
$733,382 |
$10,886,004 |
| 13 |
$19,299,420 |
$7,101,116
$770,047 |
$11,428,257 |
| 14 |
$20,264,748 |
$7,458,287
$808,563 |
$11,997,898 |
| 15 |
$21,277,914 |
$7,833,159
$848,989 |
$12,595,766 |
| 16 |
$22,341,774 |
$8,226,787
$891,437 |
$13,223,550 |
| 17 |
$23,458,470 |
$8,639,964
$935,993 |
$13,882,513 |
| 18 |
$24,631,572 |
$9,074,012
$982,800 |
$14,574,760 |
| 19 |
$25,863,222 |
$9,529,723
$1,031,943 |
$15,301,556 |
| 20 |
$27,156,276 |
$10,008,153
$1,083,535 |
$16,064,588 |
| 21 |
$28,514,304 |
$10,510,623
$1,137,721 |
$16,865,960 |
| 22 |
$29,940,162 |
$11,038,190
$1,194,612 |
$17,707,360 |
| 23 |
$31,436,706 |
$11,591,912
$1,254,325 |
$18,590,469 |
| 24 |
$33,008,934 |
$12,173,636
$1,317,056 |
$19,518,242 |
| 25 |
$34,658,988 |
$12,784,156
$1,382,894 |
$20,491,938 |
| 26 |
$36,392,580 |
$13,425,585
$1,452,064 |
$21,514,931 |
| 27 |
$38,211,852 |
$14,098,716
$1,524,653 |
$22,588,483 |
| 28 |
$40,122,516 |
$14,805,661
$1,600,888 |
$23,715,967 |
| 29 |
$42,128,856 |
$15,548,007
$1,680,941 |
$24,899,908 |
| 30 |
$44,235,156 |
$16,327,338
$1,764,983 |
$26,142,835 |
|
|
