Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(3.99%)	$1,081,290
Net Lumpsum Payment	$16,031,380

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$37,834	$599,210
2	$995,652	-$328,722 -$39,727	$627,203
3	$1,045,422	-$347,137 -$41,712	$656,573
4	$1,097,712	-$366,484 -$43,799	$687,429
5	$1,152,585	-$386,787 -$45,988	$719,810
6	$1,210,230	-$408,115 -$48,288	$753,827
7	$1,270,710	-$430,493 -$50,701	$789,516
8	$1,334,277	-$454,013 -$53,238	$827,026
9	$1,400,994	-$478,698 -$55,900	$866,396
10	$1,471,050	-$504,619 -$58,695	$907,736
11	$1,544,571	-$531,822 -$61,628	$951,121
12	$1,621,809	-$560,400 -$64,710	$996,699
13	$1,702,890	-$590,400 -$67,945	$1,044,545
14	$1,788,066	-$621,915 -$71,344	$1,094,807
15	$1,877,463	-$654,992 -$74,911	$1,147,560
16	$1,971,333	-$689,724 -$78,656	$1,202,953
17	$2,069,865	-$726,180 -$82,588	$1,261,097
18	$2,173,374	-$764,479 -$86,718	$1,322,177
19	$2,282,049	-$804,689 -$91,054	$1,386,306
20	$2,396,142	-$846,903 -$95,606	$1,453,633
21	$2,515,968	-$891,239 -$100,387	$1,524,342
22	$2,641,779	-$937,789 -$105,407	$1,598,583
23	$2,773,827	-$986,646 -$110,676	$1,676,505
24	$2,912,553	-$1,037,975 -$116,211	$1,758,367
25	$3,058,146	-$1,091,844 -$122,020	$1,844,282
26	$3,211,110	-$1,148,441 -$128,123	$1,934,546
27	$3,371,634	-$1,207,835 -$134,528	$2,029,271
28	$3,540,222	-$1,270,213 -$141,255	$2,128,754
29	$3,717,252	-$1,335,714 -$148,318	$2,233,220
30	$3,903,102	-$1,404,478 -$155,734	$2,342,890