Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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 Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(3.99%)	$11,758,530
Net Lumpsum Payment	$173,942,140

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$412,567	$6,141,326
2	$10,857,348	-$3,977,549 -$433,208	$6,446,591
3	$11,400,078	-$4,178,359 -$454,863	$6,766,856
4	$11,970,288	-$4,389,337 -$477,614	$7,103,337
5	$12,568,665	-$4,610,736 -$501,490	$7,456,439
6	$13,197,270	-$4,843,320 -$526,571	$7,827,379
7	$13,856,790	-$5,087,343 -$552,886	$8,216,561
8	$14,549,973	-$5,343,820 -$580,544	$8,625,609
9	$15,277,506	-$5,613,008 -$609,572	$9,054,926
10	$16,041,450	-$5,895,667 -$640,054	$9,505,729
11	$16,843,179	-$6,192,307 -$672,043	$9,978,829
12	$17,685,441	-$6,503,944 -$705,649	$10,475,848
13	$18,569,610	-$6,831,086 -$740,927	$10,997,597
14	$19,498,434	-$7,174,751 -$777,988	$11,545,695
15	$20,473,287	-$7,535,447 -$816,884	$12,120,956
16	$21,496,917	-$7,914,190 -$857,727	$12,725,000
17	$22,571,385	-$8,311,743 -$900,598	$13,359,044
18	$23,700,126	-$8,729,377 -$945,635	$14,025,114
19	$24,885,201	-$9,167,855 -$992,920	$14,724,426
20	$26,129,358	-$9,628,193 -$1,042,561	$15,458,604
21	$27,436,032	-$10,111,662 -$1,094,698	$16,229,672
22	$28,807,971	-$10,619,280 -$1,149,438	$17,039,253
23	$30,247,923	-$11,152,062 -$1,206,892	$17,888,969
24	$31,760,697	-$11,711,788 -$1,267,252	$18,781,657
25	$33,348,354	-$12,299,221 -$1,330,599	$19,718,534
26	$35,016,390	-$12,916,395 -$1,397,154	$20,702,841
27	$36,766,866	-$13,564,071 -$1,466,998	$21,735,797
28	$38,605,278	-$14,244,283 -$1,540,351	$22,820,644
29	$40,535,748	-$14,958,557 -$1,617,376	$23,959,815
30	$42,562,398	-$15,708,418 -$1,698,240	$25,155,740