Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 9, 2025 is estimated to be $482 Million, with a cash option of 218.9 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 Aug 9, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 9, 2025	$482,000,000	$218,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$218,900,000
Federal Tax(24%)	$52,536,000
Additional Federal Tax	$28,417,330
State Tax(3.99%)	$8,734,110
Net Lumpsum Payment	$129,212,560

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,254,582	-$2,644,526 -$289,458	$4,320,598
2	$7,617,528	-$2,778,816 -$303,939	$4,534,773
3	$7,998,308	-$2,919,704 -$319,132	$4,759,472
4	$8,398,368	-$3,067,727 -$335,095	$4,995,546
5	$8,818,190	-$3,223,061 -$351,846	$5,243,283
6	$9,259,220	-$3,386,242 -$369,443	$5,503,535
7	$9,721,940	-$3,557,448 -$387,905	$5,776,587
8	$10,208,278	-$3,737,393 -$407,310	$6,063,575
9	$10,718,716	-$3,926,255 -$427,677	$6,364,784
10	$11,254,700	-$4,124,569 -$449,063	$6,681,068
11	$11,817,194	-$4,332,692 -$471,506	$7,012,996
12	$12,408,126	-$4,551,337 -$495,084	$7,361,705
13	$13,028,460	-$4,780,861 -$519,836	$7,727,763
14	$13,680,124	-$5,021,976 -$545,837	$8,112,311
15	$14,364,082	-$5,275,041 -$573,127	$8,515,914
16	$15,082,262	-$5,540,767 -$601,782	$8,939,713
17	$15,836,110	-$5,819,691 -$631,861	$9,384,558
18	$16,628,036	-$6,112,704 -$663,459	$9,851,873
19	$17,459,486	-$6,420,340 -$696,633	$10,342,513
20	$18,332,388	-$6,743,314 -$731,462	$10,857,612
21	$19,249,152	-$7,082,517 -$768,041	$11,398,594
22	$20,211,706	-$7,438,662 -$806,447	$11,966,597
23	$21,221,978	-$7,812,462 -$846,757	$12,562,759
24	$22,283,342	-$8,205,167 -$889,105	$13,189,070
25	$23,397,244	-$8,617,311 -$933,550	$13,846,383
26	$24,567,540	-$9,050,320 -$980,245	$14,536,975
27	$25,795,676	-$9,504,731 -$1,029,247	$15,261,698
28	$27,085,508	-$9,981,968 -$1,080,712	$16,022,828
29	$28,439,928	-$10,483,104 -$1,134,753	$16,822,071
30	$29,861,828	-$11,009,207 -$1,191,487	$17,661,134