The jackpot for the Powerball draw on Sat Dec 20, 2025, is projected to be $1.50 Billion, with an option for a cash payout of $686.5 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Ohio residents, the state will deduct 3.99% from your lottery earnings.
| Ohio Powerball Jackpot/Cash Option for Sat Dec 20, 2025 |
|---|
| Draw Date | Sat Dec 20, 2025 | | Projected Jackpot | $1,500,000,000 | | Cash Value | $686,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $686,500,000 | | Federal Tax(24%) | $164,760,000 | | Additional Federal Tax | $89,205,330 | | State Tax(3.99%) | $27,391,350 | | Net Lumpsum Payment | $405,143,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$22,576,500 |
$8,313,635
$900,802 |
$13,362,063 |
| 2 |
$23,706,000 |
$8,731,550
$945,869 |
$14,028,581 |
| 3 |
$24,891,000 |
$9,170,000
$993,151 |
$14,727,849 |
| 4 |
$26,136,000 |
$9,630,650
$1,042,826 |
$15,462,524 |
| 5 |
$27,442,500 |
$10,114,055
$1,094,956 |
$16,233,489 |
| 6 |
$28,815,000 |
$10,621,880
$1,149,719 |
$17,043,401 |
| 7 |
$30,255,000 |
$11,154,680
$1,207,175 |
$17,893,145 |
| 8 |
$31,768,500 |
$11,714,675
$1,267,563 |
$18,786,262 |
| 9 |
$33,357,000 |
$12,302,420
$1,330,944 |
$19,723,636 |
| 10 |
$35,025,000 |
$12,919,580
$1,397,498 |
$20,707,922 |
| 11 |
$36,775,500 |
$13,567,265
$1,467,342 |
$21,740,893 |
| 12 |
$38,614,500 |
$14,247,695
$1,540,719 |
$22,826,086 |
| 13 |
$40,545,000 |
$14,961,980
$1,617,746 |
$23,965,274 |
| 14 |
$42,573,000 |
$15,712,340
$1,698,663 |
$25,161,997 |
| 15 |
$44,701,500 |
$16,499,885
$1,783,590 |
$26,418,025 |
| 16 |
$46,936,500 |
$17,326,835
$1,872,766 |
$27,736,899 |
| 17 |
$49,282,500 |
$18,194,855
$1,966,372 |
$29,121,273 |
| 18 |
$51,747,000 |
$19,106,720
$2,064,705 |
$30,575,575 |
| 19 |
$54,334,500 |
$20,064,095
$2,167,947 |
$32,102,458 |
| 20 |
$57,051,000 |
$21,069,200
$2,276,335 |
$33,705,465 |
| 21 |
$59,904,000 |
$22,124,810
$2,390,170 |
$35,389,020 |
| 22 |
$62,899,500 |
$23,233,145
$2,509,690 |
$37,156,665 |
| 23 |
$66,043,500 |
$24,396,425
$2,635,136 |
$39,011,939 |
| 24 |
$69,346,500 |
$25,618,535
$2,766,925 |
$40,961,040 |
| 25 |
$72,813,000 |
$26,901,140
$2,905,239 |
$43,006,621 |
| 26 |
$76,455,000 |
$28,248,680
$3,050,555 |
$45,155,765 |
| 27 |
$80,277,000 |
$29,662,820
$3,203,052 |
$47,411,128 |
| 28 |
$84,291,000 |
$31,148,000
$3,363,211 |
$49,779,789 |
| 29 |
$88,506,000 |
$32,707,550
$3,531,389 |
$52,267,061 |
| 30 |
$92,931,000 |
$34,344,800
$3,707,947 |
$54,878,253 |
|
|
