Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 5, 2026 is estimated to be $173 Million, with a cash option of 75 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 Sep 5, 2026

Draw Date	Jackpot	Cash Option
Sat Sep 5, 2026	$173,000,000	$75,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,000,000
Federal Tax(24%)	$18,000,000
Additional Federal Tax	$9,710,330
State Tax(3.99%)	$2,992,500
Net Lumpsum Payment	$44,297,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,603,823	-$923,745 -$103,893	$1,576,185
2	$2,734,092	-$971,944 -$109,090	$1,653,058
3	$2,870,762	-$1,022,512 -$114,543	$1,733,707
4	$3,014,352	-$1,075,641 -$120,273	$1,818,438
5	$3,165,035	-$1,131,393 -$126,285	$1,907,357
6	$3,323,330	-$1,189,962 -$132,601	$2,000,767
7	$3,489,410	-$1,251,412 -$139,227	$2,098,771
8	$3,663,967	-$1,315,998 -$146,192	$2,201,777
9	$3,847,174	-$1,383,785 -$153,502	$2,309,887
10	$4,039,550	-$1,454,964 -$161,178	$2,423,408
11	$4,241,441	-$1,529,664 -$169,233	$2,542,544
12	$4,453,539	-$1,608,140 -$177,696	$2,667,703
13	$4,676,190	-$1,690,521 -$186,580	$2,799,089
14	$4,910,086	-$1,777,062 -$195,912	$2,937,112
15	$5,155,573	-$1,867,892 -$205,707	$3,081,974
16	$5,413,343	-$1,963,267 -$215,992	$3,234,084
17	$5,683,915	-$2,063,379 -$226,788	$3,393,748
18	$5,968,154	-$2,168,547 -$238,129	$3,561,478
19	$6,266,579	-$2,278,965 -$250,037	$3,737,577
20	$6,579,882	-$2,394,887 -$262,537	$3,922,458
21	$6,908,928	-$2,516,634 -$275,666	$4,116,628
22	$7,254,409	-$2,644,462 -$289,451	$4,320,496
23	$7,617,017	-$2,778,627 -$303,919	$4,534,471
24	$7,997,963	-$2,919,577 -$319,119	$4,759,267
25	$8,397,766	-$3,067,504 -$335,071	$4,995,191
26	$8,817,810	-$3,222,920 -$351,831	$5,243,059
27	$9,258,614	-$3,386,018 -$369,419	$5,503,177
28	$9,721,562	-$3,557,308 -$387,890	$5,776,364
29	$10,207,692	-$3,737,176 -$407,287	$6,063,229
30	$10,718,042	-$3,926,006 -$427,650	$6,364,386