USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Nov 11, 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 $189,000,000 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, Nov 11, 2022
Jackpot:$189,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,844,721$1,010,735$99,565$1,734,421
2$2,986,957$1,063,362$104,544$1,819,052
3$3,136,305$1,118,621$109,771$1,907,914
4$3,293,121$1,176,642$115,259$2,001,219
5$3,457,776$1,237,565$121,022$2,099,189
6$3,630,665$1,301,534$127,073$2,202,058
7$3,812,199$1,368,701$133,427$2,310,070
8$4,002,809$1,439,227$140,098$2,423,483
9$4,202,949$1,513,279$147,103$2,542,567
10$4,413,096$1,591,033$154,458$2,667,605
11$4,633,751$1,672,676$162,181$2,798,894
12$4,865,439$1,758,400$170,290$2,936,748
13$5,108,711$1,848,411$178,805$3,081,495
14$5,364,146$1,942,922$187,745$3,233,479
15$5,632,353$2,042,159$197,132$3,393,063
16$5,913,971$2,146,357$206,989$3,560,625
17$6,209,670$2,255,766$217,338$3,736,566
18$6,520,153$2,370,644$228,205$3,921,303
19$6,846,161$2,491,267$239,616$4,115,278
20$7,188,469$2,617,921$251,596$4,318,951
21$7,547,892$2,750,908$264,176$4,532,808
22$7,925,287$2,890,544$277,385$4,757,358
23$8,321,551$3,037,162$291,254$4,993,135
24$8,737,629$3,191,110$305,817$5,240,701
25$9,174,510$3,352,757$321,108$5,500,646
26$9,633,236$3,522,485$337,163$5,773,588
27$10,114,898$3,700,700$354,021$6,060,176
28$10,620,642$3,887,825$371,722$6,361,094
29$11,151,675$4,084,307$390,309$6,677,059
30$11,709,258$4,290,613$409,824$7,008,821
Total$189,000,000$68,675,633$6,614,996$113,709,366

◄ 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.