The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 Aug 2, 2025 |
|---|
| Draw Date | Sat Aug 2, 2025 | | Projected Jackpot | $410,000,000 | | Cash Value | $184,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $184,900,000 | | Federal Tax(24%) | $44,376,000 | | Additional Federal Tax | $23,997,330 | | State Tax(3.99%) | $7,377,510 | | Net Lumpsum Payment | $109,149,160 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,170,910 |
$2,243,567
$246,219 |
$3,681,124 |
| 2 |
$6,479,640 |
$2,357,797
$258,538 |
$3,863,305 |
| 3 |
$6,803,540 |
$2,477,640
$271,461 |
$4,054,439 |
| 4 |
$7,143,840 |
$2,603,551
$285,039 |
$4,255,250 |
| 5 |
$7,500,950 |
$2,735,682
$299,288 |
$4,465,980 |
| 6 |
$7,876,100 |
$2,874,487
$314,256 |
$4,687,357 |
| 7 |
$8,269,700 |
$3,020,119
$329,961 |
$4,919,620 |
| 8 |
$8,683,390 |
$3,173,185
$346,467 |
$5,163,738 |
| 9 |
$9,117,580 |
$3,333,835
$363,791 |
$5,419,954 |
| 10 |
$9,573,500 |
$3,502,525
$381,983 |
$5,688,992 |
| 11 |
$10,051,970 |
$3,679,559
$401,074 |
$5,971,337 |
| 12 |
$10,554,630 |
$3,865,543
$421,130 |
$6,267,957 |
| 13 |
$11,082,300 |
$4,060,781
$442,184 |
$6,579,335 |
| 14 |
$11,636,620 |
$4,265,880
$464,301 |
$6,906,439 |
| 15 |
$12,218,410 |
$4,481,142
$487,515 |
$7,249,753 |
| 16 |
$12,829,310 |
$4,707,175
$511,889 |
$7,610,246 |
| 17 |
$13,470,550 |
$4,944,434
$537,475 |
$7,988,641 |
| 18 |
$14,144,180 |
$5,193,677
$564,353 |
$8,386,150 |
| 19 |
$14,851,430 |
$5,455,359
$592,572 |
$8,803,499 |
| 20 |
$15,593,940 |
$5,730,088
$622,198 |
$9,241,654 |
| 21 |
$16,373,760 |
$6,018,622
$653,313 |
$9,701,825 |
| 22 |
$17,192,530 |
$6,321,566
$685,982 |
$10,184,982 |
| 23 |
$18,051,890 |
$6,639,530
$720,270 |
$10,692,090 |
| 24 |
$18,954,710 |
$6,973,573
$756,293 |
$11,224,844 |
| 25 |
$19,902,220 |
$7,324,152
$794,099 |
$11,783,969 |
| 26 |
$20,897,700 |
$7,692,479
$833,818 |
$12,371,403 |
| 27 |
$21,942,380 |
$8,079,011
$875,501 |
$12,987,868 |
| 28 |
$23,039,540 |
$8,484,960
$919,278 |
$13,635,302 |
| 29 |
$24,191,640 |
$8,911,237
$965,246 |
$14,315,157 |
| 30 |
$25,401,140 |
$9,358,752
$1,013,505 |
$15,028,883 |
|
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