Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(3.99%)	$3,016,440
Net Lumpsum Payment	$44,651,230

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$103,292	$1,567,304
2	$2,718,288	-$966,097 -$108,460	$1,643,731
3	$2,854,168	-$1,016,373 -$113,881	$1,723,914
4	$2,996,928	-$1,069,194 -$119,577	$1,808,157
5	$3,146,740	-$1,124,624 -$125,555	$1,896,561
6	$3,304,120	-$1,182,855 -$131,834	$1,989,431
7	$3,469,240	-$1,243,949 -$138,423	$2,086,868
8	$3,642,788	-$1,308,162 -$145,347	$2,189,279
9	$3,824,936	-$1,375,557 -$152,615	$2,296,764
10	$4,016,200	-$1,446,324 -$160,246	$2,409,630
11	$4,216,924	-$1,520,592 -$168,255	$2,528,077
12	$4,427,796	-$1,598,615 -$176,669	$2,652,512
13	$4,649,160	-$1,680,520 -$185,501	$2,783,139
14	$4,881,704	-$1,766,561 -$194,780	$2,920,363
15	$5,125,772	-$1,856,866 -$204,518	$3,064,388
16	$5,382,052	-$1,951,690 -$214,744	$3,215,618
17	$5,651,060	-$2,051,223 -$225,477	$3,374,360
18	$5,933,656	-$2,155,783 -$236,753	$3,541,120
19	$6,230,356	-$2,265,562 -$248,591	$3,716,203
20	$6,541,848	-$2,380,814 -$261,020	$3,900,014
21	$6,868,992	-$2,501,857 -$274,073	$4,093,062
22	$7,212,476	-$2,628,947 -$287,778	$4,295,751
23	$7,572,988	-$2,762,336 -$302,162	$4,508,490
24	$7,951,732	-$2,902,471 -$317,274	$4,731,987
25	$8,349,224	-$3,049,543 -$333,134	$4,966,547
26	$8,766,840	-$3,204,061 -$349,797	$5,212,982
27	$9,205,096	-$3,366,216 -$367,283	$5,471,597
28	$9,665,368	-$3,536,517 -$385,648	$5,743,203
29	$10,148,688	-$3,715,345 -$404,933	$6,028,410
30	$10,656,088	-$3,903,083 -$425,178	$6,327,827