Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 Jul 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(3.99%)	$3,690,750
Net Lumpsum Payment	$54,623,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$121,909	$1,842,633
2	$3,208,212	-$1,147,369 -$128,008	$1,932,835
3	$3,368,582	-$1,206,706 -$134,406	$2,027,470
4	$3,537,072	-$1,269,047 -$141,129	$2,126,896
5	$3,713,885	-$1,334,468 -$148,184	$2,231,233
6	$3,899,630	-$1,403,193 -$155,595	$2,340,842
7	$4,094,510	-$1,475,299 -$163,371	$2,455,840
8	$4,299,337	-$1,551,085 -$171,544	$2,576,708
9	$4,514,314	-$1,630,627 -$180,121	$2,703,566
10	$4,740,050	-$1,714,149 -$189,128	$2,836,773
11	$4,976,951	-$1,801,802 -$198,580	$2,976,569
12	$5,225,829	-$1,893,887 -$208,511	$3,123,431
13	$5,487,090	-$1,990,554 -$218,935	$3,277,601
14	$5,761,546	-$2,092,102 -$229,886	$3,439,558
15	$6,049,603	-$2,198,683 -$241,379	$3,609,541
16	$6,352,073	-$2,310,597 -$253,448	$3,788,028
17	$6,669,565	-$2,428,069 -$266,116	$3,975,380
18	$7,003,094	-$2,551,475 -$279,423	$4,172,196
19	$7,353,269	-$2,681,040 -$293,395	$4,378,834
20	$7,720,902	-$2,817,064 -$308,064	$4,595,774
21	$8,107,008	-$2,959,923 -$323,470	$4,823,615
22	$8,512,399	-$3,109,918 -$339,645	$5,062,836
23	$8,937,887	-$3,267,349 -$356,622	$5,313,916
24	$9,384,893	-$3,432,741 -$374,457	$5,577,695
25	$9,854,026	-$3,606,320 -$393,176	$5,854,530
26	$10,346,910	-$3,788,687 -$412,842	$6,145,381
27	$10,864,154	-$3,980,067 -$433,480	$6,450,607
28	$11,407,382	-$4,181,062 -$455,155	$6,771,165
29	$11,977,812	-$4,392,121 -$477,915	$7,107,776
30	$12,576,662	-$4,613,695 -$501,809	$7,461,158