The jackpot for the Powerball draw on Sat Jan 17, 2026, is projected to be $179 Million, with an option for a cash payout of $80.8 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 Jan 17, 2026 |
|---|
| Draw Date | Sat Jan 17, 2026 | | Projected Jackpot | $179,000,000 | | Cash Value | $80,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,800,000 | | Federal Tax(24%) | $19,392,000 | | Additional Federal Tax | $10,464,330 | | State Tax(3.99%) | $3,223,920 | | Net Lumpsum Payment | $47,719,750 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,694,129 |
$957,158
$107,496 |
$1,629,475 |
| 2 |
$2,828,916 |
$1,007,029
$112,874 |
$1,709,013 |
| 3 |
$2,970,326 |
$1,059,351
$118,516 |
$1,792,459 |
| 4 |
$3,118,896 |
$1,114,322
$124,444 |
$1,880,130 |
| 5 |
$3,274,805 |
$1,172,008
$130,665 |
$1,972,132 |
| 6 |
$3,438,590 |
$1,232,609
$137,200 |
$2,068,781 |
| 7 |
$3,610,430 |
$1,296,189
$144,056 |
$2,170,185 |
| 8 |
$3,791,041 |
$1,363,016
$151,263 |
$2,276,762 |
| 9 |
$3,980,602 |
$1,433,153
$158,826 |
$2,388,623 |
| 10 |
$4,179,650 |
$1,506,801
$166,768 |
$2,506,081 |
| 11 |
$4,388,543 |
$1,584,091
$175,103 |
$2,629,349 |
| 12 |
$4,607,997 |
$1,665,289
$183,859 |
$2,758,849 |
| 13 |
$4,838,370 |
$1,750,527
$193,051 |
$2,894,792 |
| 14 |
$5,080,378 |
$1,840,070
$202,707 |
$3,037,601 |
| 15 |
$5,334,379 |
$1,934,051
$212,842 |
$3,187,486 |
| 16 |
$5,601,089 |
$2,032,733
$223,483 |
$3,344,873 |
| 17 |
$5,881,045 |
$2,136,317
$234,654 |
$3,510,074 |
| 18 |
$6,175,142 |
$2,245,133
$246,388 |
$3,683,621 |
| 19 |
$6,483,917 |
$2,359,380
$258,708 |
$3,865,829 |
| 20 |
$6,808,086 |
$2,479,322
$271,643 |
$4,057,121 |
| 21 |
$7,148,544 |
$2,605,292
$285,227 |
$4,258,025 |
| 22 |
$7,506,007 |
$2,737,553
$299,490 |
$4,468,964 |
| 23 |
$7,881,191 |
$2,876,371
$314,460 |
$4,690,360 |
| 24 |
$8,275,349 |
$3,022,210
$330,186 |
$4,922,953 |
| 25 |
$8,689,018 |
$3,175,267
$346,692 |
$5,167,059 |
| 26 |
$9,123,630 |
$3,336,073
$364,033 |
$5,423,524 |
| 27 |
$9,579,722 |
$3,504,828
$382,231 |
$5,692,663 |
| 28 |
$10,058,726 |
$3,682,059
$401,343 |
$5,975,324 |
| 29 |
$10,561,716 |
$3,868,165
$421,412 |
$6,272,139 |
| 30 |
$11,089,766 |
$4,063,544
$442,482 |
$6,583,740 |
|
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