USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Jan 28, 2022

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 $426,000,000 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, Jan 28, 2022
Jackpot:$426,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,411,911$2,330,595$224,417$3,856,899
2$6,732,507$2,449,215$235,638$4,047,654
3$7,069,132$2,573,767$247,420$4,247,946
4$7,422,589$2,704,546$259,791$4,458,253
5$7,793,718$2,841,863$272,780$4,679,075
6$8,183,404$2,986,047$286,419$4,910,938
7$8,592,575$3,137,440$300,740$5,154,394
8$9,022,203$3,296,403$315,777$5,410,023
9$9,473,313$3,463,314$331,566$5,678,434
10$9,946,979$3,638,570$348,144$5,960,265
11$10,444,328$3,822,589$365,551$6,256,187
12$10,966,544$4,015,809$383,829$6,566,906
13$11,514,872$4,218,690$403,021$6,893,161
14$12,090,615$4,431,715$423,172$7,235,728
15$12,695,146$4,655,392$444,330$7,595,424
16$13,329,903$4,890,252$466,547$7,973,105
17$13,996,398$5,136,855$489,874$8,369,669
18$14,696,218$5,395,789$514,368$8,786,062
19$15,431,029$5,667,669$540,086$9,223,275
20$16,202,581$5,953,143$567,090$9,682,348
21$17,012,710$6,252,890$595,445$10,164,374
22$17,863,345$6,567,625$625,217$10,670,503
23$18,756,512$6,898,097$656,478$11,201,937
24$19,694,338$7,245,093$689,302$11,759,943
25$20,679,055$7,609,438$723,767$12,345,850
26$21,713,008$7,992,001$759,955$12,961,052
27$22,798,658$8,393,691$797,953$13,607,014
28$23,938,591$8,815,466$837,851$14,285,274
29$25,135,520$9,258,330$879,743$14,997,447
30$26,392,297$9,723,338$923,730$15,745,229
Total$426,000,001$156,365,632$14,910,001$254,724,369

◄ 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.