Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(3.99%)	$19,886,160
Net Lumpsum Payment	$294,145,510

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$660,588	$9,809,425
2	$17,384,400	-$6,392,558 -$693,638	$10,298,204
3	$18,253,400	-$6,714,088 -$728,311	$10,811,001
4	$19,166,400	-$7,051,898 -$764,739	$11,349,763
5	$20,124,500	-$7,406,395 -$802,968	$11,915,137
6	$21,131,000	-$7,778,800 -$843,127	$12,509,073
7	$22,187,000	-$8,169,520 -$885,261	$13,132,219
8	$23,296,900	-$8,580,183 -$929,546	$13,787,171
9	$24,461,800	-$9,011,196 -$976,026	$14,474,578
10	$25,685,000	-$9,463,780 -$1,024,832	$15,196,388
11	$26,968,700	-$9,938,749 -$1,076,051	$15,953,900
12	$28,317,300	-$10,437,731 -$1,129,860	$16,749,709
13	$29,733,000	-$10,961,540 -$1,186,347	$17,585,113
14	$31,220,200	-$11,511,804 -$1,245,686	$18,462,710
15	$32,781,100	-$12,089,337 -$1,307,966	$19,383,797
16	$34,420,100	-$12,695,767 -$1,373,362	$20,350,971
17	$36,140,500	-$13,332,315 -$1,442,006	$21,366,179
18	$37,947,800	-$14,001,016 -$1,514,117	$22,432,667
19	$39,845,300	-$14,703,091 -$1,589,827	$23,552,382
20	$41,837,400	-$15,440,168 -$1,669,312	$24,727,920
21	$43,929,600	-$16,214,282 -$1,752,791	$25,962,527
22	$46,126,300	-$17,027,061 -$1,840,439	$27,258,800
23	$48,431,900	-$17,880,133 -$1,932,433	$28,619,334
24	$50,854,100	-$18,776,347 -$2,029,079	$30,048,674
25	$53,396,200	-$19,716,924 -$2,130,508	$31,548,768
26	$56,067,000	-$20,705,120 -$2,237,073	$33,124,807
27	$58,869,800	-$21,742,156 -$2,348,905	$34,778,739
28	$61,813,400	-$22,831,288 -$2,466,355	$36,515,757
29	$64,904,400	-$23,974,958 -$2,589,686	$38,339,756
30	$68,149,400	-$25,175,608 -$2,719,161	$40,254,631