Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 7, 2026 is estimated to be $105 Million, with a cash option of 47.4 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 Jan 7, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 7, 2026	$105,000,000	$47,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$47,400,000
Federal Tax(24%)	$11,376,000
Additional Federal Tax	$6,122,330
State Tax(3.99%)	$1,891,260
Net Lumpsum Payment	$28,010,410

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,580,355	-$545,062 -$63,056	$972,237
2	$1,659,420	-$574,316 -$66,211	$1,018,893
3	$1,742,370	-$605,007 -$69,521	$1,067,842
4	$1,829,520	-$637,253 -$72,998	$1,119,269
5	$1,920,975	-$671,091 -$76,647	$1,173,237
6	$2,017,050	-$706,639 -$80,480	$1,229,931
7	$2,117,850	-$743,935 -$84,502	$1,289,413
8	$2,223,795	-$783,135 -$88,729	$1,351,931
9	$2,334,990	-$824,277 -$93,166	$1,417,547
10	$2,451,750	-$867,478 -$97,825	$1,486,447
11	$2,574,285	-$912,816 -$102,714	$1,558,755
12	$2,703,015	-$960,446 -$107,850	$1,634,719
13	$2,838,150	-$1,010,446 -$113,242	$1,714,462
14	$2,980,110	-$1,062,971 -$118,906	$1,798,233
15	$3,129,105	-$1,118,099 -$124,851	$1,886,155
16	$3,285,555	-$1,175,986 -$131,094	$1,978,475
17	$3,449,775	-$1,236,747 -$137,646	$2,075,382
18	$3,622,290	-$1,300,578 -$144,529	$2,177,183
19	$3,803,415	-$1,367,594 -$151,756	$2,284,065
20	$3,993,570	-$1,437,951 -$159,343	$2,396,276
21	$4,193,280	-$1,511,844 -$167,312	$2,514,124
22	$4,402,965	-$1,589,427 -$175,678	$2,637,860
23	$4,623,045	-$1,670,857 -$184,459	$2,767,729
24	$4,854,255	-$1,756,405 -$193,685	$2,904,165
25	$5,096,910	-$1,846,187 -$203,367	$3,047,356
26	$5,351,850	-$1,940,515 -$213,539	$3,197,796
27	$5,619,390	-$2,039,505 -$224,214	$3,355,671
28	$5,900,370	-$2,143,467 -$235,425	$3,521,478
29	$6,195,420	-$2,252,636 -$247,197	$3,695,587
30	$6,505,170	-$2,367,243 -$259,556	$3,878,371