USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 2023

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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 $183,000,000 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 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$96,404$1,680,688
2$2,892,133$1,028,277$101,225$1,762,632
3$3,036,740$1,081,782$106,286$1,848,672
4$3,188,577$1,137,961$111,600$1,939,016
5$3,348,006$1,196,950$117,180$2,033,876
6$3,515,406$1,258,888$123,039$2,133,479
7$3,691,176$1,323,923$129,191$2,238,062
8$3,875,735$1,392,210$135,651$2,347,875
9$4,069,522$1,463,911$142,433$2,463,178
10$4,272,998$1,539,197$149,555$2,584,246
11$4,486,648$1,618,247$157,033$2,711,368
12$4,710,980$1,701,250$164,884$2,844,846
13$4,946,529$1,788,404$173,129$2,984,997
14$5,193,856$1,879,914$181,785$3,132,156
15$5,453,549$1,976,001$190,874$3,286,674
16$5,726,226$2,076,891$200,418$3,448,917
17$6,012,537$2,182,827$210,439$3,619,272
18$6,313,164$2,294,059$220,961$3,798,145
19$6,628,822$2,410,852$232,009$3,985,962
20$6,960,264$2,533,485$243,609$4,183,169
21$7,308,277$2,662,250$255,790$4,390,237
22$7,673,691$2,797,453$268,579$4,607,658
23$8,057,375$2,939,417$282,008$4,835,950
24$8,460,244$3,088,478$296,109$5,075,657
25$8,883,256$3,244,992$310,914$5,327,350
26$9,327,419$3,409,333$326,460$5,591,626
27$9,793,790$3,581,890$342,783$5,869,117
28$10,283,479$3,763,075$359,922$6,160,482
29$10,797,653$3,953,319$377,918$6,466,416
30$11,337,536$4,153,076$396,814$6,787,646
Total$183,000,000$66,455,632$6,405,002$110,139,369

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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.