The jackpot for the Powerball draw on Mon Oct 27, 2025, is projected to be $358 Million, with an option for a cash payout of $170.7 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 Mon Oct 27, 2025 |
|---|
| Draw Date | Mon Oct 27, 2025 | | Projected Jackpot | $358,000,000 | | Cash Value | $170,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,700,000 | | Federal Tax(24%) | $40,968,000 | | Additional Federal Tax | $22,151,330 | | State Tax(3.99%) | $6,810,930 | | Net Lumpsum Payment | $100,769,740 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,388,258 |
$1,953,986
$214,991 |
$3,219,281 |
| 2 |
$5,657,832 |
$2,053,728
$225,747 |
$3,378,357 |
| 3 |
$5,940,652 |
$2,158,372
$237,032 |
$3,545,248 |
| 4 |
$6,237,792 |
$2,268,313
$248,888 |
$3,720,591 |
| 5 |
$6,549,610 |
$2,383,686
$261,329 |
$3,904,595 |
| 6 |
$6,877,180 |
$2,504,887
$274,399 |
$4,097,894 |
| 7 |
$7,220,860 |
$2,632,049
$288,112 |
$4,300,699 |
| 8 |
$7,582,082 |
$2,765,701
$302,525 |
$4,513,856 |
| 9 |
$7,961,204 |
$2,905,976
$317,652 |
$4,737,576 |
| 10 |
$8,359,300 |
$3,053,271
$333,536 |
$4,972,493 |
| 11 |
$8,777,086 |
$3,207,852
$350,206 |
$5,219,028 |
| 12 |
$9,215,994 |
$3,370,248
$367,718 |
$5,478,028 |
| 13 |
$9,676,740 |
$3,540,724
$386,102 |
$5,749,914 |
| 14 |
$10,160,756 |
$3,719,810
$405,414 |
$6,035,532 |
| 15 |
$10,668,758 |
$3,907,771
$425,683 |
$6,335,304 |
| 16 |
$11,202,178 |
$4,105,136
$446,967 |
$6,650,075 |
| 17 |
$11,762,090 |
$4,312,304
$469,307 |
$6,980,479 |
| 18 |
$12,350,284 |
$4,529,935
$492,776 |
$7,327,573 |
| 19 |
$12,967,834 |
$4,758,429
$517,417 |
$7,691,988 |
| 20 |
$13,616,172 |
$4,998,314
$543,285 |
$8,074,573 |
| 21 |
$14,297,088 |
$5,250,253
$570,454 |
$8,476,381 |
| 22 |
$15,012,014 |
$5,514,776
$598,979 |
$8,898,259 |
| 23 |
$15,762,382 |
$5,792,412
$628,919 |
$9,341,051 |
| 24 |
$16,550,698 |
$6,084,089
$660,373 |
$9,806,236 |
| 25 |
$17,378,036 |
$6,390,204
$693,384 |
$10,294,448 |
| 26 |
$18,247,260 |
$6,711,817
$728,066 |
$10,807,377 |
| 27 |
$19,159,444 |
$7,049,325
$764,462 |
$11,345,657 |
| 28 |
$20,117,452 |
$7,403,788
$802,686 |
$11,910,978 |
| 29 |
$21,123,432 |
$7,776,000
$842,825 |
$12,504,607 |
| 30 |
$22,179,532 |
$8,166,757
$884,963 |
$13,127,812 |
|
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