USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

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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 $333,000,000 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, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$199,984$2,994,702
2$5,262,734$1,910,167$209,983$3,142,585
3$5,525,871$2,007,527$220,482$3,297,861
4$5,802,165$2,109,756$231,506$3,460,902
5$6,092,273$2,217,096$243,082$3,632,095
6$6,396,886$2,329,803$255,236$3,811,848
7$6,716,731$2,448,145$267,998$4,000,588
8$7,052,567$2,572,405$281,397$4,198,765
9$7,405,196$2,702,877$295,467$4,406,851
10$7,775,455$2,839,874$310,241$4,625,341
11$8,164,228$2,983,719$325,753$4,854,756
12$8,572,440$3,134,758$342,040$5,095,642
13$9,001,062$3,293,348$359,142$5,348,571
14$9,451,115$3,459,867$377,099$5,614,148
15$9,923,670$3,634,713$395,954$5,893,003
16$10,419,854$3,818,301$415,752$6,185,801
17$10,940,847$4,011,068$436,540$6,493,239
18$11,487,889$4,213,474$458,367$6,816,048
19$12,062,283$4,426,000$481,285$7,154,998
20$12,665,398$4,649,152$505,349$7,510,896
21$13,298,667$4,883,462$530,617$7,884,589
22$13,963,601$5,129,487$557,148$8,276,966
23$14,661,781$5,387,814$585,005$8,688,962
24$15,394,870$5,659,057$614,255$9,121,558
25$16,164,613$5,943,862$644,968$9,575,783
26$16,972,844$6,242,907$677,216$10,052,720
27$17,821,486$6,556,905$711,077$10,553,504
28$18,712,560$6,886,602$746,631$11,079,327
29$19,648,188$7,232,785$783,963$11,631,441
30$20,630,598$7,596,276$823,161$12,211,161
Total$333,000,001$122,098,649$13,286,698$197,614,651

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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.