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Ohio Mega Millions Jackpot Annuity Payout Schedule for Dec 30, 2022

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The tax information provided here is based on 2025 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 $685,000,000 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 30, 2022
Jackpot:$685,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,310,233$3,771,806$360,858$6,177,568
2$10,825,745$3,962,546$378,901$6,484,298
3$11,367,032$4,162,822$397,846$6,806,364
4$11,935,384$4,373,112$417,738$7,144,533
5$12,532,152$4,593,917$438,625$7,499,610
6$13,158,760$4,825,762$460,557$7,872,442
7$13,816,699$5,069,199$483,584$8,263,915
8$14,507,533$5,324,808$507,764$8,674,962
9$15,232,910$5,593,197$533,152$9,106,561
10$15,994,555$5,875,006$559,809$9,559,740
11$16,794,283$6,170,905$587,800$10,035,578
12$17,633,997$6,481,599$617,190$10,535,208
13$18,515,697$6,807,828$648,049$11,059,820
14$19,441,482$7,150,369$680,452$11,610,662
15$20,413,556$7,510,036$714,474$12,189,046
16$21,434,234$7,887,687$750,198$12,796,349
17$22,505,946$8,284,220$787,708$13,434,017
18$23,631,243$8,700,580$827,094$14,103,569
19$24,812,805$9,137,758$868,448$14,806,599
20$26,053,445$9,596,795$911,871$15,544,780
21$27,356,118$10,078,784$957,464$16,319,870
22$28,723,923$10,584,872$1,005,337$17,133,714
23$30,160,120$11,116,265$1,055,604$17,988,251
24$31,668,125$11,674,227$1,108,384$18,885,514
25$33,251,532$12,260,087$1,163,804$19,827,641
26$34,914,109$12,875,241$1,221,994$20,816,875
27$36,659,814$13,521,152$1,283,093$21,855,569
28$38,492,804$14,199,358$1,347,248$22,946,198
29$40,417,445$14,911,475$1,414,611$24,091,359
30$42,438,317$15,659,198$1,485,341$25,293,779
Total$685,000,001$252,160,611$23,974,998$408,864,391

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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.