Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 25, 2026 is estimated to be $141 Million, with a cash option of 62 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 Mon May 25, 2026

Draw Date	Jackpot	Cash Option
Mon May 25, 2026	$141,000,000	$62,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,000,000
Federal Tax(24%)	$14,880,000
Additional Federal Tax	$8,020,330
State Tax(3.99%)	$2,473,800
Net Lumpsum Payment	$36,625,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,122,191	-$745,541 -$84,675	$1,291,975
2	$2,228,364	-$784,825 -$88,912	$1,354,627
3	$2,339,754	-$826,039 -$93,356	$1,420,359
4	$2,456,784	-$869,340 -$98,026	$1,489,418
5	$2,579,595	-$914,781 -$102,926	$1,561,888
6	$2,708,610	-$962,516 -$108,074	$1,638,020
7	$2,843,970	-$1,012,599 -$113,474	$1,717,897
8	$2,986,239	-$1,065,239 -$119,151	$1,801,849
9	$3,135,558	-$1,120,487 -$125,109	$1,889,962
10	$3,292,350	-$1,178,500 -$131,365	$1,982,485
11	$3,456,897	-$1,239,382 -$137,930	$2,079,585
12	$3,629,763	-$1,303,343 -$144,828	$2,181,592
13	$3,811,230	-$1,370,485 -$152,068	$2,288,677
14	$4,001,862	-$1,441,019 -$159,674	$2,401,169
15	$4,201,941	-$1,515,049 -$167,657	$2,519,235
16	$4,412,031	-$1,592,782 -$176,040	$2,643,209
17	$4,632,555	-$1,674,376 -$184,839	$2,773,340
18	$4,864,218	-$1,760,091 -$194,082	$2,910,045
19	$5,107,443	-$1,850,084 -$203,787	$3,053,572
20	$5,362,794	-$1,944,564 -$213,975	$3,204,255
21	$5,630,976	-$2,043,792 -$224,676	$3,362,508
22	$5,912,553	-$2,147,975 -$235,911	$3,528,667
23	$6,208,089	-$2,257,323 -$247,703	$3,703,063
24	$6,518,571	-$2,372,202 -$260,091	$3,886,278
25	$6,844,422	-$2,492,767 -$273,092	$4,078,563
26	$7,186,770	-$2,619,435 -$286,752	$4,280,583
27	$7,546,038	-$2,752,364 -$301,087	$4,492,587
28	$7,923,354	-$2,891,971 -$316,142	$4,715,241
29	$8,319,564	-$3,038,569 -$331,951	$4,949,044
30	$8,735,514	-$3,192,471 -$348,547	$5,194,496