Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(3.99%)	$8,466,780
Net Lumpsum Payment	$125,258,890

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$287,056	$4,285,072
2	$7,554,312	-$2,755,426 -$301,417	$4,497,469
3	$7,931,932	-$2,895,145 -$316,484	$4,720,303
4	$8,328,672	-$3,041,939 -$332,314	$4,954,419
5	$8,745,010	-$3,195,984 -$348,926	$5,200,100
6	$9,182,380	-$3,357,811 -$366,377	$5,458,192
7	$9,641,260	-$3,527,597 -$384,686	$5,728,977
8	$10,123,562	-$3,706,048 -$403,930	$6,013,584
9	$10,629,764	-$3,893,343 -$424,128	$6,312,293
10	$11,161,300	-$4,090,011 -$445,336	$6,625,953
11	$11,719,126	-$4,296,407 -$467,593	$6,955,126
12	$12,305,154	-$4,513,237 -$490,976	$7,300,941
13	$12,920,340	-$4,740,856 -$515,522	$7,663,962
14	$13,566,596	-$4,979,971 -$541,307	$8,045,318
15	$14,244,878	-$5,230,935 -$568,371	$8,445,572
16	$14,957,098	-$5,494,457 -$596,788	$8,865,853
17	$15,704,690	-$5,771,066 -$626,617	$9,307,007
18	$16,490,044	-$6,061,647 -$657,953	$9,770,444
19	$17,314,594	-$6,366,730 -$690,852	$10,257,012
20	$18,180,252	-$6,687,024 -$725,392	$10,767,836
21	$19,089,408	-$7,023,411 -$761,667	$11,304,330
22	$20,043,974	-$7,376,601 -$799,755	$11,867,618
23	$21,045,862	-$7,747,299 -$839,730	$12,458,833
24	$22,098,418	-$8,136,745 -$881,727	$13,079,946
25	$23,203,076	-$8,545,469 -$925,803	$13,731,804
26	$24,363,660	-$8,974,885 -$972,110	$14,416,665
27	$25,581,604	-$9,425,524 -$1,020,706	$15,135,374
28	$26,860,732	-$9,898,801 -$1,071,743	$15,890,188
29	$28,203,912	-$10,395,778 -$1,125,336	$16,682,798
30	$29,614,012	-$10,917,515 -$1,181,599	$17,514,898