Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Feb 25, 2026 is estimated to be $218 Million, with a cash option of 101.6 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 Wed Feb 25, 2026

Draw Date	Jackpot	Cash Option
Wed Feb 25, 2026	$218,000,000	$101,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$101,600,000
Federal Tax(24%)	$24,384,000
Additional Federal Tax	$13,168,330
State Tax(3.99%)	$4,053,840
Net Lumpsum Payment	$59,993,830

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,281,118	-$1,174,344 -$130,917	$1,975,857
2	$3,445,272	-$1,235,081 -$137,466	$2,072,725
3	$3,617,492	-$1,298,802 -$144,338	$2,174,352
4	$3,798,432	-$1,365,750 -$151,557	$2,281,125
5	$3,988,310	-$1,436,005 -$159,134	$2,393,171
6	$4,187,780	-$1,509,809 -$167,092	$2,510,879
7	$4,397,060	-$1,587,243 -$175,443	$2,634,374
8	$4,617,022	-$1,668,629 -$184,219	$2,764,174
9	$4,847,884	-$1,754,047 -$193,431	$2,900,406
10	$5,090,300	-$1,843,741 -$203,103	$3,043,456
11	$5,344,706	-$1,937,872 -$213,254	$3,193,580
12	$5,611,974	-$2,036,761 -$223,918	$3,351,295
13	$5,892,540	-$2,140,570 -$235,112	$3,516,858
14	$6,187,276	-$2,249,623 -$246,872	$3,690,781
15	$6,496,618	-$2,364,079 -$259,215	$3,873,324
16	$6,821,438	-$2,484,262 -$272,175	$4,065,001
17	$7,162,390	-$2,610,415 -$285,779	$4,266,196
18	$7,520,564	-$2,742,939 -$300,071	$4,477,554
19	$7,896,614	-$2,882,078 -$315,075	$4,699,461
20	$8,291,412	-$3,028,153 -$330,827	$4,932,432
21	$8,706,048	-$3,181,568 -$347,371	$5,177,109
22	$9,141,394	-$3,342,646 -$364,742	$5,434,006
23	$9,598,322	-$3,511,710 -$382,973	$5,703,639
24	$10,078,358	-$3,689,323 -$402,126	$5,986,909
25	$10,582,156	-$3,875,728 -$422,228	$6,284,200
26	$11,111,460	-$4,071,571 -$443,347	$6,596,542
27	$11,666,924	-$4,277,092 -$465,510	$6,924,322
28	$12,250,292	-$4,492,938 -$488,787	$7,268,567
29	$12,862,872	-$4,719,593 -$513,229	$7,630,050
30	$13,505,972	-$4,957,540 -$538,888	$8,009,544