Ohio Lottery

OHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 28, 2026 is estimated to be $389 Million, with a cash option of 161.9 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 Sep 28, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 28, 2026	$389,000,000	$161,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$161,900,000
Federal Tax(24%)	$38,856,000
Additional Federal Tax	$21,007,330
State Tax(3.99%)	$6,459,810
Net Lumpsum Payment	$95,576,860

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,854,839	-$2,126,621 -$233,608	$3,494,610
2	$6,147,756	-$2,235,000 -$245,295	$3,667,461
3	$6,455,066	-$2,348,705 -$257,557	$3,848,804
4	$6,777,936	-$2,468,167 -$270,440	$4,039,329
5	$7,116,755	-$2,593,530 -$283,959	$4,239,266
6	$7,472,690	-$2,725,226 -$298,160	$4,449,304
7	$7,846,130	-$2,863,398 -$313,061	$4,669,671
8	$8,238,631	-$3,008,624 -$328,721	$4,901,286
9	$8,650,582	-$3,161,046 -$345,158	$5,144,378
10	$9,083,150	-$3,321,096 -$362,418	$5,399,636
11	$9,537,113	-$3,489,062 -$380,531	$5,667,520
12	$10,014,027	-$3,665,520 -$399,560	$5,948,947
13	$10,514,670	-$3,850,758 -$419,535	$6,244,377
14	$11,040,598	-$4,045,352 -$440,520	$6,554,726
15	$11,592,589	-$4,249,588 -$462,544	$6,880,457
16	$12,172,199	-$4,464,044 -$485,671	$7,222,484
17	$12,780,595	-$4,689,151 -$509,946	$7,581,498
18	$13,419,722	-$4,925,628 -$535,447	$7,958,647
19	$14,090,747	-$5,173,907 -$562,221	$8,354,619
20	$14,795,226	-$5,434,564 -$590,330	$8,770,332
21	$15,535,104	-$5,708,319 -$619,851	$9,206,934
22	$16,311,937	-$5,995,747 -$650,846	$9,665,344
23	$17,127,281	-$6,297,424 -$683,379	$10,146,478
24	$17,983,859	-$6,614,358 -$717,556	$10,651,945
25	$18,882,838	-$6,946,980 -$753,425	$11,182,433
26	$19,827,330	-$7,296,442 -$791,110	$11,739,778
27	$20,818,502	-$7,663,176 -$830,658	$12,324,668
28	$21,859,466	-$8,048,333 -$872,193	$12,938,940
29	$22,952,556	-$8,452,776 -$915,807	$13,583,973
30	$24,100,106	-$8,877,370 -$961,594	$14,261,142