Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 8, 2025 is estimated to be $223 Million, with a cash option of 104.4 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 Oct 8, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 8, 2025	$223,000,000	$104,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$104,400,000
Federal Tax(24%)	$25,056,000
Additional Federal Tax	$13,532,330
State Tax(3.99%)	$4,165,560
Net Lumpsum Payment	$61,646,110

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$133,919	$2,020,266
2	$3,524,292	-$1,264,318 -$140,619	$2,119,355
3	$3,700,462	-$1,329,501 -$147,648	$2,223,313
4	$3,885,552	-$1,397,985 -$155,034	$2,332,533
5	$4,079,785	-$1,469,851 -$162,783	$2,447,151
6	$4,283,830	-$1,545,347 -$170,925	$2,567,558
7	$4,497,910	-$1,624,557 -$179,467	$2,693,886
8	$4,722,917	-$1,707,810 -$188,444	$2,826,663
9	$4,959,074	-$1,795,188 -$197,867	$2,966,019
10	$5,207,050	-$1,886,939 -$207,761	$3,112,350
11	$5,467,291	-$1,983,228 -$218,145	$3,265,918
12	$5,740,689	-$2,084,385 -$229,053	$3,427,251
13	$6,027,690	-$2,190,576 -$240,505	$3,596,609
14	$6,329,186	-$2,302,129 -$252,535	$3,774,522
15	$6,645,623	-$2,419,211 -$265,160	$3,961,252
16	$6,977,893	-$2,542,151 -$278,418	$4,157,324
17	$7,326,665	-$2,671,196 -$292,334	$4,363,135
18	$7,693,054	-$2,806,760 -$306,953	$4,579,341
19	$8,077,729	-$2,949,090 -$322,301	$4,806,338
20	$8,481,582	-$3,098,516 -$338,415	$5,044,651
21	$8,905,728	-$3,255,450 -$355,339	$5,294,939
22	$9,351,059	-$3,420,222 -$373,107	$5,557,730
23	$9,818,467	-$3,593,163 -$391,757	$5,833,547
24	$10,309,513	-$3,774,850 -$411,350	$6,123,313
25	$10,824,866	-$3,965,531 -$431,912	$6,427,423
26	$11,366,310	-$4,165,865 -$453,516	$6,746,929
27	$11,934,514	-$4,376,101 -$476,187	$7,082,226
28	$12,531,262	-$4,596,897 -$499,997	$7,434,368
29	$13,157,892	-$4,828,750 -$525,000	$7,804,142
30	$13,815,742	-$5,072,155 -$551,248	$8,192,339