Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Ohio, your state will take 3.99% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Ohio Powerball Jackpot/Cash Option for Mon Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(3.99%)	$6,276,270
Net Lumpsum Payment	$92,862,400

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$201,179	$3,015,004
2	$5,294,340	-$1,919,236 -$211,244	$3,163,860
3	$5,558,990	-$2,017,157 -$221,804	$3,320,029
4	$5,837,040	-$2,120,035 -$232,898	$3,484,107
5	$6,128,825	-$2,227,996 -$244,540	$3,656,289
6	$6,435,350	-$2,341,410 -$256,770	$3,837,170
7	$6,756,950	-$2,460,402 -$269,602	$4,026,946
8	$7,094,965	-$2,585,467 -$283,089	$4,226,409
9	$7,449,730	-$2,716,730 -$297,244	$4,435,756
10	$7,822,250	-$2,854,563 -$312,108	$4,655,579
11	$8,213,195	-$2,999,213 -$327,706	$4,886,276
12	$8,623,905	-$3,151,175 -$344,094	$5,128,636
13	$9,055,050	-$3,310,699 -$361,296	$5,383,055
14	$9,507,970	-$3,478,279 -$379,368	$5,650,323
15	$9,983,335	-$3,654,164 -$398,335	$5,930,836
16	$10,482,485	-$3,838,850 -$418,251	$6,225,384
17	$11,006,425	-$4,032,708 -$439,156	$6,534,561
18	$11,556,830	-$4,236,357 -$461,118	$6,859,355
19	$12,134,705	-$4,450,171 -$484,175	$7,200,359
20	$12,741,390	-$4,674,645 -$508,381	$7,558,364
21	$13,378,560	-$4,910,398 -$533,805	$7,934,357
22	$14,047,555	-$5,157,926 -$560,497	$8,329,132
23	$14,749,715	-$5,417,725 -$588,514	$8,743,476
24	$15,487,385	-$5,690,663 -$617,947	$9,178,775
25	$16,261,570	-$5,977,111 -$648,837	$9,635,622
26	$17,074,950	-$6,278,062 -$681,291	$10,115,597
27	$17,928,530	-$6,593,886 -$715,348	$10,619,296
28	$18,824,990	-$6,925,577 -$751,117	$11,148,296
29	$19,766,340	-$7,273,876 -$788,677	$11,703,787
30	$20,754,590	-$7,639,529 -$828,108	$12,286,953