USA Mega

Ohio Mega Millions Jackpot Annuity Payout Schedule for Jul 9, 2024

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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 $181,000,000 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, Jul 9, 2024
Jackpot:$181,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,724,310$966,182$95,351$1,662,777
2$2,860,525$1,016,582$100,118$1,743,825
3$3,003,551$1,069,502$105,124$1,828,925
4$3,153,729$1,125,068$110,381$1,918,281
5$3,311,415$1,183,411$115,900$2,012,104
6$3,476,986$1,244,673$121,695$2,110,619
7$3,650,836$1,308,997$127,779$2,214,059
8$3,833,377$1,376,537$134,168$2,322,672
9$4,025,046$1,447,455$140,877$2,436,715
10$4,226,299$1,521,918$147,920$2,556,460
11$4,437,614$1,600,105$155,316$2,682,192
12$4,659,494$1,682,201$163,082$2,814,211
13$4,892,469$1,768,401$171,236$2,952,831
14$5,137,092$1,858,912$179,798$3,098,382
15$5,393,947$1,953,948$188,788$3,251,211
16$5,663,644$2,053,736$198,228$3,411,681
17$5,946,826$2,158,514$208,139$3,580,174
18$6,244,168$2,268,530$218,546$3,757,092
19$6,556,376$2,384,047$229,473$3,942,856
20$6,884,195$2,505,340$240,947$4,137,908
21$7,228,405$2,632,698$252,994$4,342,713
22$7,589,825$2,766,423$265,644$4,557,758
23$7,969,316$2,906,835$278,926$4,783,555
24$8,367,782$3,054,267$292,872$5,020,643
25$8,786,171$3,209,071$307,516$5,269,584
26$9,225,480$3,371,615$322,892$5,530,973
27$9,686,754$3,542,287$339,036$5,805,431
28$10,171,091$3,721,492$355,988$6,093,612
29$10,679,646$3,909,657$373,788$6,396,202
30$11,213,628$4,107,230$392,477$6,713,921
Total$181,000,000$65,715,634$6,334,999$108,949,367

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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.