USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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

The tax information provided here is based on 2021 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 $188,000,000 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, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 4.797%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$135,739$1,682,880
2$2,971,153$1,063,399$142,526$1,765,228
3$3,119,711$1,118,365$149,653$1,851,693
4$3,275,697$1,176,080$157,135$1,942,481
5$3,439,481$1,236,680$164,992$2,037,809
6$3,611,455$1,300,311$173,242$2,137,903
7$3,792,028$1,367,123$181,904$2,243,002
8$3,981,630$1,437,275$190,999$2,353,356
9$4,180,711$1,510,935$200,549$2,469,227
10$4,389,747$1,588,278$210,576$2,590,892
11$4,609,234$1,669,489$221,105$2,718,640
12$4,839,696$1,754,760$232,160$2,852,776
13$5,081,680$1,844,294$243,768$2,993,618
14$5,335,764$1,938,305$255,957$3,141,503
15$5,602,553$2,037,017$268,754$3,296,781
16$5,882,680$2,140,664$282,192$3,459,824
17$6,176,814$2,249,494$296,302$3,631,019
18$6,485,655$2,363,765$311,117$3,810,774
19$6,809,938$2,483,749$326,673$3,999,516
20$7,150,435$2,609,733$343,006$4,197,695
21$7,507,956$2,742,016$360,157$4,405,784
22$7,883,354$2,880,913$378,165$4,624,276
23$8,277,522$3,026,755$397,073$4,853,694
24$8,691,398$3,179,889$416,926$5,094,582
25$9,125,968$3,340,680$437,773$5,347,515
26$9,582,266$3,509,511$459,661$5,613,094
27$10,061,380$3,686,783$482,644$5,891,953
28$10,564,449$3,872,918$506,777$6,184,754
29$11,092,671$4,068,361$532,115$6,492,195
30$11,647,305$4,273,575$558,721$6,815,008
Total$188,000,000$68,482,167$9,018,361$110,499,472

◄ 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.