Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(3.99%)	$7,720,650
Net Lumpsum Payment	$114,224,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$255,828	$3,823,229
2	$6,732,504	-$2,451,357 -$268,627	$4,012,520
3	$7,069,044	-$2,575,877 -$282,055	$4,211,112
4	$7,422,624	-$2,706,701 -$296,163	$4,419,760
5	$7,793,670	-$2,843,988 -$310,967	$4,638,715
6	$8,183,460	-$2,988,211 -$326,520	$4,868,729
7	$8,592,420	-$3,139,526 -$342,838	$5,110,056
8	$9,022,254	-$3,298,564 -$359,988	$5,363,702
9	$9,473,388	-$3,465,484 -$377,988	$5,629,916
10	$9,947,100	-$3,640,757 -$396,889	$5,909,454
11	$10,444,242	-$3,824,700 -$416,725	$6,202,817
12	$10,966,518	-$4,017,942 -$437,564	$6,511,012
13	$11,514,780	-$4,220,799 -$459,440	$6,834,541
14	$12,090,732	-$4,433,901 -$482,420	$7,174,411
15	$12,695,226	-$4,657,564 -$506,540	$7,531,122
16	$13,329,966	-$4,892,418 -$531,866	$7,905,682
17	$13,996,230	-$5,138,935 -$558,450	$8,298,845
18	$14,696,148	-$5,397,905 -$586,376	$8,711,867
19	$15,430,998	-$5,669,800 -$615,697	$9,145,501
20	$16,202,484	-$5,955,249 -$646,479	$9,600,756
21	$17,012,736	-$6,255,043 -$678,808	$10,078,885
22	$17,863,458	-$6,569,810 -$712,752	$10,580,896
23	$18,756,354	-$6,900,181 -$748,379	$11,107,794
24	$19,694,406	-$7,247,261 -$785,807	$11,661,338
25	$20,678,892	-$7,611,520 -$825,088	$12,242,284
26	$21,713,220	-$7,994,222 -$866,357	$12,852,641
27	$22,798,668	-$8,395,838 -$909,667	$13,493,163
28	$23,938,644	-$8,817,629 -$955,152	$14,165,863
29	$25,135,704	-$9,260,541 -$1,002,915	$14,872,248
30	$26,392,404	-$9,725,520 -$1,053,057	$15,613,827