ohio mega millions payout

Mega Millions Prizes

The Mega Millions prizes are divided into nine different tiers, with a range of possibilities, starting from matching the Mega Ball only, right up to matching the five main numbers and the Mega Ball to win the Mega Millions jackpot.

If you wish to know more about this lottery’s prizes or simply wish to check the Mega Millions winning numbers, you can do so by clicking here.

How Can Players Bet on the Mega Millions Lottery?

The Mega Millions lottery is one of America’s major draws with its massive jackpots. To bet on this lottery, players simply have to choose five main numbers from 1 to 70 and one Mega Ball number from 1 to 25 to enter the drawings. Draws are held every Tuesday and Friday at 23.00 EST. All Mega Millions prizes, apart from the jackpot, have a fixed value; the only exception is in California, where non-jackpot Mega Millions prizes are pari-mutuel.

The minimum Mega Millions jackpot is $40 million and there is no maximum limit for the jackpot. There is the possibility that the jackpot rolls over, which means that it increases because it is not won by any of the players. Whenever this happens, the top Mega Millions prize will increase by a minimum of $5 million for the next drawing.

Mega Millions prizes can reach great amounts. In fact, the largest Mega Millions jackpot was an astounding $1.537 billion, which was won in October 2018. Other massive jackpots date back to March 2012 and December 2013, where three ticket holders shared a staggering prize of $656 million, and another two ticket holders shared the sum of $648 million respectively.

What are the Mega Millions Prizes and How Can You Calculate the Odds of Winning the Mega Millions Jackpot?

Below, we have prepared a Mega Millions Prize Chart in which you can view the odds of winning Mega Millions and the prizes available for each of the nine tiers, thus helping you increase the odds of winning. Mega Millions prizes range from $2 for matching the Mega Ball only, and can go up to the jackpot which is won when players match the five main numbers and the Mega Ball. The overall odds of winning a prize in the Mega Millions lottery are 1 in 24. The Mega Millions prize structure below can help you to calculate the odds of winning the Mega Millions lottery:

Match Odds Prize
5 Numbers + Mega Ball 1 in 302,575,350 Jackpot
5 Numbers 1 in 12,607,306 $1 Million
4 Numbers + Mega Ball 1 in 931,001 $10,000
4 Numbers 1 in 38,792 $500
3 Numbers + Mega Ball 1 in 14,547 $200
3 Numbers 1 in 606 $10
2 Numbers + Mega Ball 1 in 693 $10
1 Number + Mega Ball 1 in 89 $4
Mega Ball Only 1 in 37 $2

Megaplier Prizes

In all of the participating states except California, players can enjoy a supplementary game called Megaplier. This game is offered for just an additional $1 per line, and it can help boost the value of any non-jackpot Mega Millions prizes that are won. The Megaplier offers players the chance to receive a payout with a maximum of $5 million, without winning the jackpot. The prize chart below shows the various prizes that can be won with Megaplier, the payouts and the odds of a certain Megaplier number being drawn:

Match Base Prize 2x (1 in 3) 3x (1 in 2.5) 4x (1 in 5) 5x (1 in 15)
5 Numbers $1 million $2 million $3 million $4 million $5 million
4 Numbers + Mega Ball $10,000 $20,000 $30,000 $40,000 $50,000
4 Numbers $500 $1,000 $1,500 $2,000 $2,500
3 Numbers + Mega Ball $100 $200 $300 $400 $500
3 Numbers $10 $20 $30 $40 $50
2 Numbers + Mega Ball $10 $20 $30 $40 $50
1 Number + Mega Ball $4 $8 $12 $16 $20
Mega Ball Only $2 $4 $6 $8 $10

Just the Jackpot

In October 2017, the game ‘Just the Jackpot’ was introduced, giving players two chances at winning the Mega Millions jackpot prize for the price of $3. Players who choose the Just the Jackpot wager will only be eligible to win the jackpot prize, so they are only eligible for one of the nine tiers. Players cannot claim prizes in any of the other eight prize tiers, which range from $2 to $1 million. To enter Just the Jackpot, players can simply pick up a play slip from an authorized retailer and select their preferred numbers. In certain states, such as Wisconsin, players’ numbers will be generated by the terminal. For more information, players can ask their local lottery retailer or they can also contact their nearest lottery office.

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Players must be 18 or over to participate in online lotteries.

Find out about Mega Millions prizes, payouts and odds of winning here. Prizes are given for matching the Mega Ball number up to matching five main numbers and the Mega Ball.

Mega Millions Annuity Jackpot Analysis for Ohio

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The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year. The table below shows the payout schedule for a jackpot of $214,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money. (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

Mega Millions Annuity Jackpot Analysis for Ohio Media: You may freely use any information on this page, but you must credit . The Mega Millions annuity jackpot is awarded