USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,397,963$514,684$8,792,605
2$15,440,515$5,670,011$540,418$9,230,086
3$16,212,540$5,955,660$567,439$9,689,441
4$17,023,168$6,255,592$595,811$10,171,765
5$17,874,325$6,570,521$625,601$10,678,203
6$18,768,042$6,901,196$656,881$11,209,965
7$19,706,445$7,248,405$689,726$11,768,314
8$20,691,767$7,612,974$724,212$12,354,581
9$21,726,355$7,995,772$760,422$12,970,161
10$22,812,673$8,397,709$798,444$13,616,520
11$23,953,306$8,819,744$838,366$14,295,197
12$25,150,972$9,262,880$880,284$15,007,808
13$26,408,520$9,728,173$924,298$15,756,049
14$27,728,946$10,216,730$970,513$16,541,703
15$29,115,393$10,729,716$1,019,039$17,366,639
16$30,571,163$11,268,351$1,069,991$18,232,822
17$32,099,721$11,833,917$1,123,490$19,142,314
18$33,704,707$12,427,762$1,179,665$20,097,281
19$35,389,942$13,051,299$1,238,648$21,099,995
20$37,159,440$13,706,013$1,300,580$22,152,846
21$39,017,411$14,393,462$1,365,609$23,258,340
22$40,968,282$15,115,285$1,433,890$24,419,108
23$43,016,696$15,873,198$1,505,584$25,637,914
24$45,167,531$16,669,007$1,580,864$26,917,661
25$47,425,907$17,504,606$1,659,907$28,261,395
26$49,797,203$18,381,986$1,742,902$29,672,316
27$52,287,064$19,303,234$1,830,047$31,153,783
28$54,901,416$20,270,544$1,921,550$32,709,322
29$57,646,487$21,286,220$2,017,627$34,342,639
30$60,528,812$22,352,681$2,118,508$36,057,623
Total$977,000,002$360,200,611$34,195,000$582,604,396

◄ 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.