Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 5, 2026 is estimated to be $86 Million, with a cash option of 38.8 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 Jan 5, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 5, 2026	$86,000,000	$38,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$38,800,000
Federal Tax(24%)	$9,312,000
Additional Federal Tax	$5,004,330
State Tax(3.99%)	$1,548,120
Net Lumpsum Payment	$22,935,550

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,294,386	-$439,253 -$51,646	$803,487
2	$1,359,144	-$463,214 -$54,230	$841,700
3	$1,427,084	-$488,351 -$56,941	$881,792
4	$1,498,464	-$514,762 -$59,789	$923,913
5	$1,573,370	-$542,477 -$62,777	$968,116
6	$1,652,060	-$571,593 -$65,917	$1,014,550
7	$1,734,620	-$602,140 -$69,211	$1,063,269
8	$1,821,394	-$634,246 -$72,674	$1,114,474
9	$1,912,468	-$667,944 -$76,307	$1,168,217
10	$2,008,100	-$703,327 -$80,123	$1,224,650
11	$2,108,462	-$740,461 -$84,128	$1,283,873
12	$2,213,898	-$779,473 -$88,335	$1,346,090
13	$2,324,580	-$820,425 -$92,751	$1,411,404
14	$2,440,852	-$863,446 -$97,390	$1,480,016
15	$2,562,886	-$908,598 -$102,259	$1,552,029
16	$2,691,026	-$956,010 -$107,372	$1,627,644
17	$2,825,530	-$1,005,776 -$112,739	$1,707,015
18	$2,966,828	-$1,058,057 -$118,376	$1,790,395
19	$3,115,178	-$1,112,946 -$124,296	$1,877,936
20	$3,270,924	-$1,170,572 -$130,510	$1,969,842
21	$3,434,496	-$1,231,094 -$137,036	$2,066,366
22	$3,606,238	-$1,294,638 -$143,889	$2,167,711
23	$3,786,494	-$1,361,333 -$151,081	$2,274,080
24	$3,975,866	-$1,431,401 -$158,637	$2,385,828
25	$4,174,612	-$1,504,937 -$166,567	$2,503,108
26	$4,383,420	-$1,582,196 -$174,898	$2,626,326
27	$4,602,548	-$1,663,273 -$183,642	$2,755,633
28	$4,832,684	-$1,748,423 -$192,824	$2,891,437
29	$5,074,344	-$1,837,838 -$202,466	$3,034,040
30	$5,328,044	-$1,931,707 -$212,589	$3,183,748