USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 2023

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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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$99,038$1,726,633
2$2,971,153$1,056,347$103,990$1,810,816
3$3,119,711$1,111,313$109,190$1,899,208
4$3,275,697$1,169,028$114,649$1,992,019
5$3,439,481$1,229,628$120,382$2,089,471
6$3,611,455$1,293,259$126,401$2,191,796
7$3,792,028$1,360,071$132,721$2,299,237
8$3,981,630$1,430,223$139,357$2,412,049
9$4,180,711$1,503,883$146,325$2,530,503
10$4,389,747$1,581,226$153,641$2,654,879
11$4,609,234$1,662,437$161,323$2,785,474
12$4,839,696$1,747,708$169,389$2,922,599
13$5,081,680$1,837,242$177,859$3,066,580
14$5,335,764$1,931,253$186,752$3,217,760
15$5,602,553$2,029,965$196,089$3,376,499
16$5,882,680$2,133,612$205,894$3,543,175
17$6,176,814$2,242,442$216,188$3,718,184
18$6,485,655$2,356,713$226,998$3,901,944
19$6,809,938$2,476,697$238,348$4,094,893
20$7,150,435$2,602,681$250,265$4,297,488
21$7,507,956$2,734,964$262,778$4,510,214
22$7,883,354$2,873,861$275,917$4,733,575
23$8,277,522$3,019,703$289,713$4,968,105
24$8,691,398$3,172,837$304,199$5,214,362
25$9,125,968$3,333,628$319,409$5,472,931
26$9,582,266$3,502,459$335,379$5,744,428
27$10,061,380$3,679,731$352,148$6,029,501
28$10,564,449$3,865,866$369,756$6,328,827
29$11,092,671$4,061,309$388,243$6,643,119
30$11,647,305$4,266,523$407,656$6,973,126
Total$188,000,000$68,270,607$6,579,997$113,149,395

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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.