USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 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 $830,000,000 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:Tue, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,579,316$437,244$7,476,131
2$13,117,326$4,810,431$459,106$7,847,789
3$13,773,192$5,053,101$482,062$8,238,029
4$14,461,852$5,307,905$506,165$8,647,782
5$15,184,944$5,575,449$531,473$9,078,021
6$15,944,191$5,856,371$558,047$9,529,774
7$16,741,401$6,151,339$585,949$10,004,114
8$17,578,471$6,461,055$615,246$10,502,170
9$18,457,395$6,786,256$646,009$11,025,130
10$19,380,264$7,127,718$678,309$11,574,237
11$20,349,278$7,486,253$712,225$12,150,800
12$21,366,741$7,862,715$747,836$12,756,191
13$22,435,078$8,257,999$785,228$13,391,851
14$23,556,833$8,673,048$824,489$14,059,295
15$24,734,674$9,108,850$865,714$14,760,111
16$25,971,408$9,566,441$908,999$15,495,968
17$27,269,978$10,046,912$954,449$16,268,617
18$28,633,477$10,551,407$1,002,172$17,079,899
19$30,065,151$11,081,126$1,052,280$17,931,744
20$31,568,408$11,637,331$1,104,894$18,826,183
21$33,146,829$12,221,347$1,160,139$19,765,343
22$34,804,170$12,834,563$1,218,146$20,751,461
23$36,544,379$13,478,440$1,279,053$21,786,885
24$38,371,597$14,154,511$1,343,006$22,874,080
25$40,290,177$14,864,386$1,410,156$24,015,635
26$42,304,687$15,609,754$1,480,664$25,214,268
27$44,419,921$16,392,391$1,554,697$26,472,833
28$46,640,916$17,214,159$1,632,432$27,794,325
29$48,972,962$18,077,016$1,714,054$29,181,892
30$51,421,611$18,983,016$1,799,756$30,638,838
Total$830,000,002$305,810,606$29,049,999$495,139,396

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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.