Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 21, 2026 is estimated to be $120 Million, with a cash option of 54.6 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 Sat Mar 21, 2026

Draw Date	Jackpot	Cash Option
Sat Mar 21, 2026	$120,000,000	$54,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$54,600,000
Federal Tax(24%)	$13,104,000
Additional Federal Tax	$7,058,330
State Tax(3.99%)	$2,178,540
Net Lumpsum Payment	$32,259,130

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,806,120	-$628,595 -$72,064	$1,105,461
2	$1,896,480	-$662,028 -$75,670	$1,158,782
3	$1,991,280	-$697,104 -$79,452	$1,214,724
4	$2,090,880	-$733,956 -$83,426	$1,273,498
5	$2,195,400	-$772,628 -$87,596	$1,335,176
6	$2,305,200	-$813,254 -$91,977	$1,399,969
7	$2,420,400	-$855,878 -$96,574	$1,467,948
8	$2,541,480	-$900,678 -$101,405	$1,539,397
9	$2,668,560	-$947,698 -$106,476	$1,614,386
10	$2,802,000	-$997,070 -$111,800	$1,693,130
11	$2,942,040	-$1,048,885 -$117,387	$1,775,768
12	$3,089,160	-$1,103,320 -$123,257	$1,862,583
13	$3,243,600	-$1,160,462 -$129,420	$1,953,718
14	$3,405,840	-$1,220,491 -$135,893	$2,049,456
15	$3,576,120	-$1,283,495 -$142,687	$2,149,938
16	$3,754,920	-$1,349,651 -$149,821	$2,255,448
17	$3,942,600	-$1,419,092 -$157,310	$2,366,198
18	$4,139,760	-$1,492,042 -$165,176	$2,482,542
19	$4,346,760	-$1,568,632 -$173,436	$2,604,692
20	$4,564,080	-$1,649,040 -$182,107	$2,732,933
21	$4,792,320	-$1,733,489 -$191,214	$2,867,617
22	$5,031,960	-$1,822,156 -$200,775	$3,009,029
23	$5,283,480	-$1,915,218 -$210,811	$3,157,451
24	$5,547,720	-$2,012,987 -$221,354	$3,313,379
25	$5,825,040	-$2,115,595 -$232,419	$3,477,026
26	$6,116,400	-$2,223,398 -$244,044	$3,648,958
27	$6,422,160	-$2,336,530 -$256,244	$3,829,386
28	$6,743,280	-$2,455,344 -$269,057	$4,018,879
29	$7,080,480	-$2,580,108 -$282,511	$4,217,861
30	$7,434,480	-$2,711,088 -$296,636	$4,426,756