The jackpot for the Powerball draw on Sat Feb 7, 2026, is projected to be $102 Million, with an option for a cash payout of $46.1 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 Feb 7, 2026 |
|---|
| Draw Date | Sat Feb 7, 2026 | | Projected Jackpot | $102,000,000 | | Cash Value | $46,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,100,000 | | Federal Tax(24%) | $11,064,000 | | Additional Federal Tax | $5,953,330 | | State Tax(3.99%) | $1,839,390 | | Net Lumpsum Payment | $27,243,280 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$61,255 |
$945,592 |
| 2 |
$1,612,008 |
$556,773
$64,319 |
$990,916 |
| 3 |
$1,692,588 |
$586,588
$67,534 |
$1,038,466 |
| 4 |
$1,777,248 |
$617,912
$70,912 |
$1,088,424 |
| 5 |
$1,866,090 |
$650,784
$74,457 |
$1,140,849 |
| 6 |
$1,959,420 |
$685,316
$78,181 |
$1,195,923 |
| 7 |
$2,057,340 |
$721,546
$82,088 |
$1,253,706 |
| 8 |
$2,160,258 |
$759,626
$86,194 |
$1,314,438 |
| 9 |
$2,268,276 |
$799,593
$90,504 |
$1,378,179 |
| 10 |
$2,381,700 |
$841,559
$95,030 |
$1,445,111 |
| 11 |
$2,500,734 |
$885,602
$99,779 |
$1,515,353 |
| 12 |
$2,625,786 |
$931,871
$104,769 |
$1,589,146 |
| 13 |
$2,757,060 |
$980,443
$110,007 |
$1,666,610 |
| 14 |
$2,894,964 |
$1,031,467
$115,509 |
$1,747,988 |
| 15 |
$3,039,702 |
$1,085,020
$121,284 |
$1,833,398 |
| 16 |
$3,191,682 |
$1,141,253
$127,348 |
$1,923,081 |
| 17 |
$3,351,210 |
$1,200,278
$133,713 |
$2,017,219 |
| 18 |
$3,518,796 |
$1,262,285
$140,400 |
$2,116,111 |
| 19 |
$3,694,746 |
$1,327,386
$147,420 |
$2,219,940 |
| 20 |
$3,879,468 |
$1,395,734
$154,791 |
$2,328,943 |
| 21 |
$4,073,472 |
$1,467,515
$162,532 |
$2,443,425 |
| 22 |
$4,277,166 |
$1,542,882
$170,659 |
$2,563,625 |
| 23 |
$4,490,958 |
$1,621,985
$179,189 |
$2,689,784 |
| 24 |
$4,715,562 |
$1,705,088
$188,151 |
$2,822,323 |
| 25 |
$4,951,284 |
$1,792,305
$197,556 |
$2,961,423 |
| 26 |
$5,198,940 |
$1,883,938
$207,438 |
$3,107,564 |
| 27 |
$5,458,836 |
$1,980,100
$217,808 |
$3,260,928 |
| 28 |
$5,731,788 |
$2,081,092
$228,698 |
$3,421,998 |
| 29 |
$6,018,408 |
$2,187,141
$240,134 |
$3,591,133 |
| 30 |
$6,319,308 |
$2,298,474
$252,140 |
$3,768,694 |
|
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