USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $387,000,000 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:Fri, Nov 15, 2024
Jackpot:$387,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,824,905$2,112,235$203,872$3,508,798
2$6,116,151$2,219,996$214,065$3,682,089
3$6,421,958$2,333,145$224,769$3,864,045
4$6,743,056$2,451,951$236,007$4,055,098
5$7,080,209$2,576,697$247,807$4,255,704
6$7,434,219$2,707,681$260,198$4,466,340
7$7,805,930$2,845,215$273,208$4,687,508
8$8,196,227$2,989,624$286,868$4,919,735
9$8,606,038$3,141,254$301,211$5,163,573
10$9,036,340$3,300,466$316,272$5,419,602
11$9,488,157$3,467,638$332,086$5,688,433
12$9,962,565$3,643,169$348,690$5,970,706
13$10,460,693$3,827,477$366,124$6,267,092
14$10,983,728$4,021,000$384,430$6,578,298
15$11,532,914$4,224,199$403,652$6,905,064
16$12,109,560$4,437,557$423,835$7,248,168
17$12,715,038$4,661,584$445,026$7,608,427
18$13,350,790$4,896,812$467,278$7,986,700
19$14,018,329$5,143,802$490,642$8,383,886
20$14,719,246$5,403,141$515,174$8,800,931
21$15,455,208$5,675,447$540,932$9,238,829
22$16,227,968$5,961,369$567,979$9,698,621
23$17,039,367$6,261,586$596,378$10,181,403
24$17,891,335$6,576,814$626,197$10,688,324
25$18,785,902$6,907,804$657,507$11,220,591
26$19,725,197$7,255,343$690,382$11,779,472
27$20,711,457$7,620,259$724,901$12,366,297
28$21,747,030$8,003,421$761,146$12,982,462
29$22,834,381$8,405,741$799,203$13,629,437
30$23,976,100$8,828,177$839,164$14,308,760
Total$387,000,001$141,900,604$13,545,003$231,554,393

◄ 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.