Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(3.99%)	$845,880
Net Lumpsum Payment	$12,549,790

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$27,625	$448,223
2	$726,984	-$229,314 -$29,007	$468,663
3	$763,324	-$242,760 -$30,457	$490,107
4	$801,504	-$256,887 -$31,980	$512,637
5	$841,570	-$271,711 -$33,579	$536,280
6	$883,660	-$287,285 -$35,258	$561,117
7	$927,820	-$303,624 -$37,020	$587,176
8	$974,234	-$320,797 -$38,872	$614,565
9	$1,022,948	-$338,821 -$40,816	$643,311
10	$1,074,100	-$357,747 -$42,857	$673,496
11	$1,127,782	-$377,610 -$44,999	$705,173
12	$1,184,178	-$398,476 -$47,249	$738,453
13	$1,243,380	-$420,381 -$49,611	$773,388
14	$1,305,572	-$443,392 -$52,092	$810,088
15	$1,370,846	-$467,543 -$54,697	$848,606
16	$1,439,386	-$492,903 -$57,432	$889,051
17	$1,511,330	-$519,522 -$60,302	$931,506
18	$1,586,908	-$547,486 -$63,318	$976,104
19	$1,666,258	-$576,846 -$66,484	$1,022,928
20	$1,749,564	-$607,669 -$69,808	$1,072,087
21	$1,837,056	-$640,041 -$73,299	$1,123,716
22	$1,928,918	-$674,030 -$76,964	$1,177,924
23	$2,025,334	-$709,704 -$80,811	$1,234,819
24	$2,126,626	-$747,182 -$84,852	$1,294,592
25	$2,232,932	-$786,515 -$89,094	$1,357,323
26	$2,344,620	-$827,840 -$93,550	$1,423,230
27	$2,461,828	-$871,207 -$98,227	$1,492,394
28	$2,584,924	-$916,752 -$103,138	$1,565,034
29	$2,714,184	-$964,578 -$108,296	$1,641,310
30	$2,849,884	-$1,014,787 -$113,710	$1,721,387