Classic Lotto
Latest draw · Saturday, July 4, 2026
Classic Lotto Tax Calculator
See what you'd really take home from a Classic Lotto prize after federal and Ohio state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $7,300,000
- Federal tax
- − $2,659,188
- State tax (Ohio · 3.5%)
- − $255,500
- Net take-home
- $4,385,312
Estimate only — uses single-filer federal brackets and Ohio's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Classic Lotto tax FAQ
How much tax do you pay on a Classic Lotto jackpot in Ohio?
On a $7,300,000 Classic Lotto jackpot taken as a lump sum, you'd pay about $2,659,188 in federal tax and $255,500 in Ohio state tax, leaving roughly $4,385,312.
Does Ohio tax Classic Lotto lottery winnings?
Yes — Ohio withholds about 3.5% in state tax on Classic Lotto winnings, on top of federal tax.
Should I take the Classic Lotto lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.