Lottery Tax in Ohio
State tax rate: 3.5% on lottery winnings.
State Tax Rate
3.5%
Federal Top Rate
37%
Combined Effective
40.5%
After-Tax Payout Examples
| Jackpot | Cash Option | Federal Tax | State Tax | Net Payout |
|---|---|---|---|---|
| $100M | $60.0M | -$22.2M | -$2.1M | $35.7M |
| $500M | $300.0M | -$111.0M | -$10.5M | $178.5M |
| $1B | $600.0M | -$222.0M | -$21.0M | $357.0M |
No-Tax Comparison
On a $500M jackpot, winning in a no-tax state (CA, FL, TX, etc.) would save you $10.5M compared to Ohio. States with no lottery tax: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming.
For custom jackpot amounts and annuity vs. lump sum comparison, use our Lottery Payout Calculator.