Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(3.99%)	$12,097,680
Net Lumpsum Payment	$178,957,990

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$392,750	$5,848,233
2	$10,335,816	-$3,784,582 -$412,399	$6,138,835
3	$10,852,476	-$3,975,747 -$433,014	$6,443,715
4	$11,395,296	-$4,176,590 -$454,672	$6,764,034
5	$11,964,930	-$4,387,354 -$477,401	$7,100,175
6	$12,563,340	-$4,608,766 -$501,277	$7,453,297
7	$13,191,180	-$4,841,067 -$526,328	$7,823,785
8	$13,851,066	-$5,085,225 -$552,658	$8,213,183
9	$14,543,652	-$5,341,482 -$580,292	$8,621,878
10	$15,270,900	-$5,610,563 -$609,309	$9,051,028
11	$16,034,118	-$5,892,954 -$639,761	$9,501,403
12	$16,835,922	-$6,189,622 -$671,753	$9,974,547
13	$17,677,620	-$6,501,050 -$705,337	$10,471,233
14	$18,561,828	-$6,828,207 -$740,617	$10,993,004
15	$19,489,854	-$7,171,576 -$777,645	$11,540,633
16	$20,464,314	-$7,532,127 -$816,526	$12,115,661
17	$21,487,170	-$7,910,583 -$857,338	$12,719,249
18	$22,561,692	-$8,308,156 -$900,212	$13,353,324
19	$23,689,842	-$8,725,572 -$945,225	$14,019,045
20	$24,874,236	-$9,163,798 -$992,482	$14,717,956
21	$26,118,144	-$9,624,044 -$1,042,114	$15,451,986
22	$27,424,182	-$10,107,278 -$1,094,225	$16,222,679
23	$28,794,966	-$10,614,468 -$1,148,919	$17,031,579
24	$30,235,074	-$11,147,308 -$1,206,379	$17,881,387
25	$31,746,468	-$11,706,524 -$1,266,684	$18,773,260
26	$33,334,380	-$12,294,051 -$1,330,042	$19,710,287
27	$35,000,772	-$12,910,616 -$1,396,531	$20,693,625
28	$36,750,876	-$13,558,155 -$1,466,360	$21,726,361
29	$38,588,616	-$14,238,118 -$1,539,686	$22,810,812
30	$40,517,916	-$14,951,959 -$1,616,665	$23,949,292