Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(3.99%)	$2,880,780
Net Lumpsum Payment	$42,644,890

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$92,482	$1,407,436
2	$2,433,816	-$860,842 -$97,109	$1,475,865
3	$2,555,476	-$905,857 -$101,963	$1,547,656
4	$2,683,296	-$953,150 -$107,064	$1,623,082
5	$2,817,430	-$1,002,779 -$112,415	$1,702,236
6	$2,958,340	-$1,054,916 -$118,038	$1,785,386
7	$3,106,180	-$1,109,617 -$123,937	$1,872,626
8	$3,261,566	-$1,167,110 -$130,136	$1,964,320
9	$3,424,652	-$1,227,452 -$136,644	$2,060,556
10	$3,595,900	-$1,290,813 -$143,476	$2,161,611
11	$3,775,618	-$1,357,309 -$150,647	$2,267,662
12	$3,964,422	-$1,427,167 -$158,180	$2,379,075
13	$4,162,620	-$1,500,500 -$166,089	$2,496,031
14	$4,370,828	-$1,577,537 -$174,396	$2,618,895
15	$4,589,354	-$1,658,391 -$183,115	$2,747,848
16	$4,818,814	-$1,743,292 -$192,271	$2,883,251
17	$5,059,670	-$1,832,408 -$201,881	$3,025,381
18	$5,312,692	-$1,926,026 -$211,976	$3,174,690
19	$5,578,342	-$2,024,317 -$222,576	$3,331,449
20	$5,857,236	-$2,127,508 -$233,704	$3,496,024
21	$6,150,144	-$2,235,884 -$245,391	$3,668,869
22	$6,457,682	-$2,349,673 -$257,662	$3,850,347
23	$6,780,466	-$2,469,103 -$270,541	$4,040,822
24	$7,119,574	-$2,594,573 -$284,071	$4,240,930
25	$7,475,468	-$2,726,254 -$298,271	$4,450,943
26	$7,849,380	-$2,864,601 -$313,190	$4,671,589
27	$8,241,772	-$3,009,786 -$328,847	$4,903,139
28	$8,653,876	-$3,162,265 -$345,290	$5,146,321
29	$9,086,616	-$3,322,378 -$362,556	$5,401,682
30	$9,540,916	-$3,490,469 -$380,683	$5,669,764