USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 2024 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 $33,000,000 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 money, as well as deductions claimed.

State:

Ohio

Drawing Date:Fri, Sep 5, 2014
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$17,384$335,094
2$521,532$152,911$18,254$350,368
3$547,609$162,038$19,166$366,405
4$574,989$171,621$20,125$383,244
5$603,739$181,683$21,131$400,925
6$633,926$192,740$22,187$418,998
7$665,622$204,468$23,297$437,857
8$698,903$216,782$24,462$457,660
9$733,848$229,712$25,685$478,452
10$770,541$243,288$26,969$500,284
11$809,068$257,543$28,317$523,208
12$849,521$272,511$29,733$547,277
13$891,997$288,227$31,220$572,551
14$936,597$304,729$32,781$599,087
15$983,427$322,056$34,420$626,951
16$1,032,598$340,249$36,141$656,208
17$1,084,228$359,352$37,948$686,928
18$1,138,439$379,410$39,845$719,184
19$1,195,361$400,471$41,838$753,052
20$1,255,129$422,586$43,930$788,614
21$1,317,886$445,806$46,126$825,954
22$1,383,780$470,186$48,432$865,162
23$1,452,969$495,786$50,854$906,329
24$1,525,618$522,666$53,397$949,555
25$1,601,899$550,890$56,066$994,942
26$1,681,994$580,525$58,870$1,042,598
27$1,766,093$611,642$61,813$1,092,638
28$1,854,398$644,315$64,904$1,145,179
29$1,947,118$678,621$68,149$1,200,347
30$2,044,474$714,643$71,557$1,258,274
Total$33,000,000$10,961,676$1,155,001$20,883,325

◄ 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.