Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 10, 2025 is estimated to be $82 Million, with a cash option of 37.7 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 May 10, 2025

Draw Date	Jackpot	Cash Option
Sat May 10, 2025	$82,000,000	$37,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$37,700,000
Federal Tax(24%)	$9,048,000
Additional Federal Tax	$4,861,330
State Tax(3.99%)	$1,504,230
Net Lumpsum Payment	$22,286,440

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,234,182	-$416,978 -$49,244	$767,960
2	$1,295,928	-$439,824 -$51,708	$804,396
3	$1,360,708	-$463,792 -$54,292	$842,624
4	$1,428,768	-$488,975 -$57,008	$882,785
5	$1,500,190	-$515,401 -$59,858	$924,931
6	$1,575,220	-$543,162 -$62,851	$969,207
7	$1,653,940	-$572,288 -$65,992	$1,015,660
8	$1,736,678	-$602,901 -$69,293	$1,064,484
9	$1,823,516	-$635,031 -$72,758	$1,115,727
10	$1,914,700	-$668,769 -$76,397	$1,169,534
11	$2,010,394	-$704,176 -$80,215	$1,226,003
12	$2,110,926	-$741,373 -$84,226	$1,285,327
13	$2,216,460	-$780,421 -$88,437	$1,347,602
14	$2,327,324	-$821,440 -$92,860	$1,413,024
15	$2,443,682	-$864,493 -$97,503	$1,481,686
16	$2,565,862	-$909,699 -$102,378	$1,553,785
17	$2,694,110	-$957,151 -$107,495	$1,629,464
18	$2,828,836	-$1,007,000 -$112,871	$1,708,965
19	$2,970,286	-$1,059,336 -$118,514	$1,792,436
20	$3,118,788	-$1,114,282 -$124,440	$1,880,066
21	$3,274,752	-$1,171,989 -$130,663	$1,972,100
22	$3,438,506	-$1,232,578 -$137,196	$2,068,732
23	$3,610,378	-$1,296,170 -$144,054	$2,170,154
24	$3,790,942	-$1,362,979 -$151,259	$2,276,704
25	$3,980,444	-$1,433,095 -$158,820	$2,388,529
26	$4,179,540	-$1,506,760 -$166,764	$2,506,016
27	$4,388,476	-$1,584,067 -$175,100	$2,629,309
28	$4,607,908	-$1,665,256 -$183,856	$2,758,796
29	$4,838,328	-$1,750,512 -$193,049	$2,894,767
30	$5,080,228	-$1,840,015 -$202,701	$3,037,512