USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2014

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $120,000,000 for a ticket purchased in Ohio, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Ohio

Drawing Date:Fri, Oct 3, 2014
Jackpot:$120,000,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,806,172$631,239$72,066$1,102,867
2$1,896,481$664,653$75,670$1,156,158
3$1,991,305$699,738$79,453$1,212,114
4$2,090,870$736,577$83,426$1,270,867
5$2,195,414$775,258$87,597$1,332,559
6$2,305,184$815,873$91,977$1,397,334
7$2,420,444$858,519$96,576$1,465,349
8$2,541,466$903,297$101,404$1,536,764
9$2,668,539$950,314$106,475$1,611,750
10$2,801,966$999,682$111,798$1,690,485
11$2,942,064$1,051,519$117,388$1,773,157
12$3,089,167$1,105,947$123,258$1,859,963
13$3,243,626$1,163,097$129,421$1,951,109
14$3,405,807$1,223,104$135,892$2,046,812
15$3,576,097$1,286,111$142,686$2,147,300
16$3,754,902$1,352,269$149,821$2,252,813
17$3,942,647$1,421,735$157,312$2,363,601
18$4,139,780$1,494,674$165,177$2,479,929
19$4,346,769$1,571,259$173,436$2,602,073
20$4,564,107$1,651,675$182,108$2,730,325
21$4,792,313$1,736,111$191,213$2,864,989
22$5,031,928$1,824,768$200,774$3,006,386
23$5,283,525$1,917,859$210,813$3,154,853
24$5,547,701$2,015,604$221,353$3,310,743
25$5,825,086$2,118,237$232,421$3,474,428
26$6,116,340$2,226,001$244,042$3,646,297
27$6,422,157$2,339,153$256,244$3,826,760
28$6,743,265$2,457,963$269,056$4,016,246
29$7,080,428$2,582,713$282,509$4,215,206
30$7,434,450$2,713,701$296,635$4,424,114
Total$120,000,000$43,288,650$4,788,001$71,923,351

◄ Back to Jackpot Analysis

Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.