Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(3.99%)	$1,584,030
Net Lumpsum Payment	$23,466,640

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$52,247	$812,368
2	$1,374,948	-$469,061 -$54,860	$851,027
3	$1,443,678	-$494,491 -$57,603	$891,584
4	$1,515,888	-$521,209 -$60,484	$934,195
5	$1,591,665	-$549,246 -$63,507	$978,912
6	$1,671,270	-$578,700 -$66,684	$1,025,886
7	$1,754,790	-$609,603 -$70,016	$1,075,171
8	$1,842,573	-$642,082 -$73,519	$1,126,972
9	$1,934,706	-$676,172 -$77,195	$1,181,339
10	$2,031,450	-$711,967 -$81,055	$1,238,428
11	$2,132,979	-$749,533 -$85,106	$1,298,340
12	$2,239,641	-$788,998 -$89,362	$1,361,281
13	$2,351,610	-$830,426 -$93,829	$1,427,355
14	$2,469,234	-$873,947 -$98,522	$1,496,765
15	$2,592,687	-$919,625 -$103,448	$1,569,614
16	$2,722,317	-$967,588 -$108,620	$1,646,109
17	$2,858,385	-$1,017,933 -$114,050	$1,726,402
18	$3,001,326	-$1,070,821 -$119,753	$1,810,752
19	$3,151,401	-$1,126,349 -$125,741	$1,899,311
20	$3,308,958	-$1,184,645 -$132,027	$1,992,286
21	$3,474,432	-$1,245,870 -$138,630	$2,089,932
22	$3,648,171	-$1,310,154 -$145,562	$2,192,455
23	$3,830,523	-$1,377,624 -$152,838	$2,300,061
24	$4,022,097	-$1,448,506 -$160,482	$2,413,109
25	$4,223,154	-$1,522,897 -$168,504	$2,531,753
26	$4,434,390	-$1,601,055 -$176,932	$2,656,403
27	$4,656,066	-$1,683,075 -$185,777	$2,787,214
28	$4,888,878	-$1,769,215 -$195,066	$2,924,597
29	$5,133,348	-$1,859,669 -$204,821	$3,068,858
30	$5,389,998	-$1,954,630 -$215,061	$3,220,307