USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $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 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: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,768,123$171,210$2,952,383
2$5,136,302$1,858,620$179,771$3,097,912
3$5,393,117$1,953,641$188,759$3,250,717
4$5,662,773$2,053,414$198,197$3,411,162
5$5,945,912$2,158,175$208,107$3,579,630
6$6,243,207$2,268,174$218,512$3,756,521
7$6,555,368$2,383,674$229,438$3,942,256
8$6,883,136$2,504,948$240,910$4,137,278
9$7,227,293$2,632,286$252,955$4,342,052
10$7,588,658$2,765,991$265,603$4,557,064
11$7,968,091$2,906,381$278,883$4,782,826
12$8,366,495$3,053,791$292,827$5,019,877
13$8,784,820$3,208,571$307,469$5,268,780
14$9,224,061$3,371,090$322,842$5,530,129
15$9,685,264$3,541,735$338,984$5,804,544
16$10,169,527$3,720,913$355,933$6,092,681
17$10,678,003$3,909,049$373,730$6,395,224
18$11,211,904$4,106,592$392,417$6,712,895
19$11,772,499$4,314,012$412,037$7,046,449
20$12,361,124$4,531,804$432,639$7,396,681
21$12,979,180$4,760,484$454,271$7,764,424
22$13,628,139$5,000,599$476,985$8,150,555
23$14,309,546$5,252,720$500,834$8,555,992
24$15,025,023$5,517,446$525,876$8,981,701
25$15,776,274$5,795,409$552,170$9,428,695
26$16,565,088$6,087,270$579,778$9,898,040
27$17,393,343$6,393,724$608,767$10,390,851
28$18,263,009$6,715,501$639,205$10,908,303
29$19,176,160$7,053,367$671,166$11,451,627
30$20,134,968$7,408,126$704,724$12,022,118
Total$325,000,001$118,995,630$11,374,999$194,629,367

◄ 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.