Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(3.99%)	$1,025,430
Net Lumpsum Payment	$15,205,240

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$34,230	$545,921
2	$900,828	-$293,637 -$35,943	$571,248
3	$945,858	-$310,298 -$37,740	$597,820
4	$993,168	-$327,803 -$39,627	$625,738
5	$1,042,815	-$346,172 -$41,608	$655,035
6	$1,094,970	-$365,469 -$43,689	$685,812
7	$1,149,690	-$385,716 -$45,873	$718,101
8	$1,207,203	-$406,995 -$48,167	$752,041
9	$1,267,566	-$429,330 -$50,576	$787,660
10	$1,330,950	-$452,782 -$53,105	$825,063
11	$1,397,469	-$477,394 -$55,759	$864,316
12	$1,467,351	-$503,250 -$58,547	$905,554
13	$1,540,710	-$530,393 -$61,474	$948,843
14	$1,617,774	-$558,907 -$64,549	$994,318
15	$1,698,657	-$588,833 -$67,776	$1,042,048
16	$1,783,587	-$620,258 -$71,165	$1,092,164
17	$1,872,735	-$653,242 -$74,722	$1,144,771
18	$1,966,386	-$687,893 -$78,459	$1,200,034
19	$2,064,711	-$724,273 -$82,382	$1,258,056
20	$2,167,938	-$762,467 -$86,501	$1,318,970
21	$2,276,352	-$802,581 -$90,826	$1,382,945
22	$2,390,181	-$844,697 -$95,368	$1,450,116
23	$2,509,653	-$888,902 -$100,135	$1,520,616
24	$2,635,167	-$935,342 -$105,143	$1,594,682
25	$2,766,894	-$984,081 -$110,399	$1,672,414
26	$2,905,290	-$1,035,288 -$115,921	$1,754,081
27	$3,050,526	-$1,089,025 -$121,716	$1,839,785
28	$3,203,058	-$1,145,462 -$127,802	$1,929,794
29	$3,363,228	-$1,204,725 -$134,193	$2,024,310
30	$3,531,378	-$1,266,940 -$140,902	$2,123,536