The jackpot for the Powerball draw on Sat Apr 25, 2026, is projected to be $118 Million, with an option for a cash payout of $53.9 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 Apr 25, 2026 |
|---|
| Draw Date | Sat Apr 25, 2026 | | Projected Jackpot | $118,000,000 | | Cash Value | $53,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $53,900,000 | | Federal Tax(24%) | $12,936,000 | | Additional Federal Tax | $6,967,330 | | State Tax(3.99%) | $2,150,610 | | Net Lumpsum Payment | $31,846,060 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,776,018 |
$617,457
$70,863 |
$1,087,698 |
| 2 |
$1,864,872 |
$650,333
$74,408 |
$1,140,131 |
| 3 |
$1,958,092 |
$684,824
$78,128 |
$1,195,140 |
| 4 |
$2,056,032 |
$721,062
$82,036 |
$1,252,934 |
| 5 |
$2,158,810 |
$759,090
$86,137 |
$1,313,583 |
| 6 |
$2,266,780 |
$799,039
$90,445 |
$1,377,296 |
| 7 |
$2,380,060 |
$840,953
$94,964 |
$1,444,143 |
| 8 |
$2,499,122 |
$885,006
$99,715 |
$1,514,401 |
| 9 |
$2,624,084 |
$931,241
$104,701 |
$1,588,142 |
| 10 |
$2,755,300 |
$979,791
$109,936 |
$1,665,573 |
| 11 |
$2,893,006 |
$1,030,743
$115,431 |
$1,746,832 |
| 12 |
$3,037,674 |
$1,084,270
$121,203 |
$1,832,201 |
| 13 |
$3,189,540 |
$1,140,460
$127,263 |
$1,921,817 |
| 14 |
$3,349,076 |
$1,199,489
$133,628 |
$2,015,959 |
| 15 |
$3,516,518 |
$1,261,442
$140,309 |
$2,114,767 |
| 16 |
$3,692,338 |
$1,326,495
$147,324 |
$2,218,519 |
| 17 |
$3,876,890 |
$1,394,780
$154,688 |
$2,327,422 |
| 18 |
$4,070,764 |
$1,466,513
$162,423 |
$2,441,828 |
| 19 |
$4,274,314 |
$1,541,827
$170,545 |
$2,561,942 |
| 20 |
$4,488,012 |
$1,620,895
$179,072 |
$2,688,045 |
| 21 |
$4,712,448 |
$1,703,936
$188,027 |
$2,820,485 |
| 22 |
$4,948,094 |
$1,791,125
$197,429 |
$2,959,540 |
| 23 |
$5,195,422 |
$1,882,637
$207,297 |
$3,105,488 |
| 24 |
$5,455,258 |
$1,978,776
$217,665 |
$3,258,817 |
| 25 |
$5,727,956 |
$2,079,674
$228,545 |
$3,419,737 |
| 26 |
$6,014,460 |
$2,185,681
$239,977 |
$3,588,802 |
| 27 |
$6,315,124 |
$2,296,926
$251,973 |
$3,766,225 |
| 28 |
$6,630,892 |
$2,413,760
$264,573 |
$3,952,559 |
| 29 |
$6,962,472 |
$2,536,445
$277,803 |
$4,148,224 |
| 30 |
$7,310,572 |
$2,665,242
$291,692 |
$4,353,638 |
|
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