USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $141,000,000 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 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$742,254$74,279$1,305,720
2$2,228,365$781,515$77,993$1,368,857
3$2,339,783$822,740$81,892$1,435,151
4$2,456,772$866,026$85,987$1,504,759
5$2,579,611$911,476$90,286$1,577,848
6$2,708,592$959,199$94,801$1,654,592
7$2,844,021$1,009,308$99,541$1,735,172
8$2,986,222$1,061,922$104,518$1,819,782
9$3,135,533$1,117,168$109,744$1,908,622
10$3,292,310$1,175,175$115,231$2,001,904
11$3,456,925$1,236,083$120,992$2,099,850
12$3,629,772$1,300,036$127,042$2,202,694
13$3,811,260$1,367,187$133,394$2,310,680
14$4,001,823$1,437,695$140,064$2,424,065
15$4,201,914$1,511,729$147,067$2,543,119
16$4,412,010$1,589,464$154,420$2,668,126
17$4,632,611$1,671,086$162,141$2,799,383
18$4,864,241$1,756,790$170,248$2,937,203
19$5,107,453$1,846,778$178,761$3,081,914
20$5,362,826$1,941,266$187,699$3,233,861
21$5,630,967$2,040,478$197,084$3,393,405
22$5,912,516$2,144,651$206,938$3,560,927
23$6,208,141$2,254,033$217,285$3,736,824
24$6,518,548$2,368,883$228,149$3,921,516
25$6,844,476$2,489,476$239,557$4,115,443
26$7,186,700$2,616,099$251,534$4,319,066
27$7,546,035$2,749,053$264,111$4,532,870
28$7,923,336$2,888,655$277,317$4,757,365
29$8,319,503$3,035,236$291,183$4,993,084
30$8,735,478$3,189,147$305,742$5,240,589
Total$141,000,000$50,880,608$4,935,000$85,184,391

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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.