Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(3.99%)	$3,076,290
Net Lumpsum Payment	$45,536,380

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$100,890	$1,531,777
2	$2,655,072	-$942,707 -$105,937	$1,606,428
3	$2,787,792	-$991,813 -$111,233	$1,684,746
4	$2,927,232	-$1,043,406 -$116,797	$1,767,029
5	$3,073,560	-$1,097,548 -$122,635	$1,853,377
6	$3,227,280	-$1,154,424 -$128,768	$1,944,088
7	$3,388,560	-$1,214,098 -$135,204	$2,039,258
8	$3,558,072	-$1,276,817 -$141,967	$2,139,288
9	$3,735,984	-$1,342,644 -$149,066	$2,244,274
10	$3,922,800	-$1,411,766 -$156,520	$2,354,514
11	$4,118,856	-$1,484,307 -$164,342	$2,470,207
12	$4,324,824	-$1,560,515 -$172,560	$2,591,749
13	$4,541,040	-$1,640,515 -$181,187	$2,719,338
14	$4,768,176	-$1,724,556 -$190,250	$2,853,370
15	$5,006,568	-$1,812,761 -$199,762	$2,994,045
16	$5,256,888	-$1,905,379 -$209,750	$3,141,759
17	$5,519,640	-$2,002,597 -$220,234	$3,296,809
18	$5,795,664	-$2,104,726 -$231,247	$3,459,691
19	$6,085,464	-$2,211,952 -$242,810	$3,630,702
20	$6,389,712	-$2,324,524 -$254,950	$3,810,238
21	$6,709,248	-$2,442,752 -$267,699	$3,998,797
22	$7,044,744	-$2,566,886 -$281,085	$4,196,773
23	$7,396,872	-$2,697,173 -$295,135	$4,404,564
24	$7,766,808	-$2,834,049 -$309,896	$4,622,863
25	$8,155,056	-$2,977,701 -$325,387	$4,851,968
26	$8,562,960	-$3,128,626 -$341,662	$5,092,672
27	$8,991,024	-$3,287,009 -$358,742	$5,345,273
28	$9,440,592	-$3,453,349 -$376,680	$5,610,563
29	$9,912,672	-$3,628,019 -$395,516	$5,889,137
30	$10,408,272	-$3,811,391 -$415,290	$6,181,591