The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 May 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(3.99%) |
$2,753,100 |
| Net Lumpsum Payment |
$40,756,570 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$92,482 |
$1,407,436 |
| 2 |
$2,433,816 |
$860,842
$97,109 |
$1,475,865 |
| 3 |
$2,555,476 |
$905,857
$101,963 |
$1,547,656 |
| 4 |
$2,683,296 |
$953,150
$107,064 |
$1,623,082 |
| 5 |
$2,817,430 |
$1,002,779
$112,415 |
$1,702,236 |
| 6 |
$2,958,340 |
$1,054,916
$118,038 |
$1,785,386 |
| 7 |
$3,106,180 |
$1,109,617
$123,937 |
$1,872,626 |
| 8 |
$3,261,566 |
$1,167,110
$130,136 |
$1,964,320 |
| 9 |
$3,424,652 |
$1,227,452
$136,644 |
$2,060,556 |
| 10 |
$3,595,900 |
$1,290,813
$143,476 |
$2,161,611 |
| 11 |
$3,775,618 |
$1,357,309
$150,647 |
$2,267,662 |
| 12 |
$3,964,422 |
$1,427,167
$158,180 |
$2,379,075 |
| 13 |
$4,162,620 |
$1,500,500
$166,089 |
$2,496,031 |
| 14 |
$4,370,828 |
$1,577,537
$174,396 |
$2,618,895 |
| 15 |
$4,589,354 |
$1,658,391
$183,115 |
$2,747,848 |
| 16 |
$4,818,814 |
$1,743,292
$192,271 |
$2,883,251 |
| 17 |
$5,059,670 |
$1,832,408
$201,881 |
$3,025,381 |
| 18 |
$5,312,692 |
$1,926,026
$211,976 |
$3,174,690 |
| 19 |
$5,578,342 |
$2,024,317
$222,576 |
$3,331,449 |
| 20 |
$5,857,236 |
$2,127,508
$233,704 |
$3,496,024 |
| 21 |
$6,150,144 |
$2,235,884
$245,391 |
$3,668,869 |
| 22 |
$6,457,682 |
$2,349,673
$257,662 |
$3,850,347 |
| 23 |
$6,780,466 |
$2,469,103
$270,541 |
$4,040,822 |
| 24 |
$7,119,574 |
$2,594,573
$284,071 |
$4,240,930 |
| 25 |
$7,475,468 |
$2,726,254
$298,271 |
$4,450,943 |
| 26 |
$7,849,380 |
$2,864,601
$313,190 |
$4,671,589 |
| 27 |
$8,241,772 |
$3,009,786
$328,847 |
$4,903,139 |
| 28 |
$8,653,876 |
$3,162,265
$345,290 |
$5,146,321 |
| 29 |
$9,086,616 |
$3,322,378
$362,556 |
$5,401,682 |
| 30 |
$9,540,916 |
$3,490,469
$380,683 |
$5,669,764 |
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