USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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 prize money, as well as deductions claimed.

State:

Ohio

Drawing Date:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$195,179$2,923,647
2$5,136,302$1,863,387$204,938$3,067,977
3$5,393,117$1,958,408$215,185$3,219,524
4$5,662,773$2,058,181$225,945$3,378,648
5$5,945,912$2,162,942$237,242$3,545,728
6$6,243,207$2,272,942$249,104$3,721,162
7$6,555,368$2,388,441$261,559$3,905,368
8$6,883,136$2,509,715$274,637$4,098,784
9$7,227,293$2,637,053$288,369$4,301,871
10$7,588,658$2,770,758$302,787$4,515,112
11$7,968,091$2,911,149$317,927$4,739,015
12$8,366,495$3,058,558$333,823$4,974,114
13$8,784,820$3,213,338$350,514$5,220,967
14$9,224,061$3,375,858$368,040$5,480,163
15$9,685,264$3,546,503$386,442$5,752,319
16$10,169,527$3,725,680$405,764$6,038,083
17$10,678,003$3,913,816$426,052$6,338,135
18$11,211,904$4,111,359$447,355$6,653,189
19$11,772,499$4,318,780$469,723$6,983,996
20$12,361,124$4,536,571$493,209$7,331,344
21$12,979,180$4,765,252$517,869$7,696,059
22$13,628,139$5,005,366$543,763$8,079,010
23$14,309,546$5,257,487$570,951$8,481,108
24$15,025,023$5,522,214$599,498$8,903,311
25$15,776,274$5,800,176$629,473$9,346,624
26$16,565,088$6,092,038$660,947$9,812,104
27$17,393,343$6,398,492$693,994$10,300,856
28$18,263,009$6,720,268$728,694$10,814,047
29$19,176,160$7,058,134$765,129$11,352,897
30$20,134,968$7,412,893$803,385$11,918,690
Total$325,000,001$119,138,649$12,967,497$192,893,852

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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.