The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(3.99%) | $5,330,640 | | Net Lumpsum Payment | $78,877,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$187,967 |
$2,819,609 |
| 2 |
$4,946,652 |
$1,790,592
$197,371 |
$2,958,689 |
| 3 |
$5,193,922 |
$1,882,082
$207,237 |
$3,104,603 |
| 4 |
$5,453,712 |
$1,978,204
$217,603 |
$3,257,905 |
| 5 |
$5,726,335 |
$2,079,074
$228,481 |
$3,418,780 |
| 6 |
$6,012,730 |
$2,185,040
$239,908 |
$3,587,782 |
| 7 |
$6,313,210 |
$2,296,218
$251,897 |
$3,765,095 |
| 8 |
$6,629,027 |
$2,413,070
$264,498 |
$3,951,459 |
| 9 |
$6,960,494 |
$2,535,713
$277,724 |
$4,147,057 |
| 10 |
$7,308,550 |
$2,664,494
$291,611 |
$4,352,445 |
| 11 |
$7,673,821 |
$2,799,644
$306,185 |
$4,567,992 |
| 12 |
$8,057,559 |
$2,941,627
$321,497 |
$4,794,435 |
| 13 |
$8,460,390 |
$3,090,675
$337,570 |
$5,032,145 |
| 14 |
$8,883,566 |
$3,247,250
$354,454 |
$5,281,862 |
| 15 |
$9,327,713 |
$3,411,584
$372,176 |
$5,543,953 |
| 16 |
$9,794,083 |
$3,584,141
$390,784 |
$5,819,158 |
| 17 |
$10,283,615 |
$3,765,268
$410,316 |
$6,108,031 |
| 18 |
$10,797,874 |
$3,955,544
$430,835 |
$6,411,495 |
| 19 |
$11,337,799 |
$4,155,316
$452,378 |
$6,730,105 |
| 20 |
$11,904,642 |
$4,365,048
$474,995 |
$7,064,599 |
| 21 |
$12,499,968 |
$4,585,319
$498,749 |
$7,415,900 |
| 22 |
$13,125,029 |
$4,816,591
$523,689 |
$7,784,749 |
| 23 |
$13,781,077 |
$5,059,329
$549,865 |
$8,171,883 |
| 24 |
$14,470,303 |
$5,314,342
$577,365 |
$8,578,596 |
| 25 |
$15,193,646 |
$5,581,979
$606,226 |
$9,005,441 |
| 26 |
$15,953,610 |
$5,863,166
$636,549 |
$9,453,895 |
| 27 |
$16,751,134 |
$6,158,250
$668,370 |
$9,924,514 |
| 28 |
$17,588,722 |
$6,468,158
$701,790 |
$10,418,774 |
| 29 |
$18,468,252 |
$6,793,584
$736,883 |
$10,937,785 |
| 30 |
$19,391,602 |
$7,135,223
$773,725 |
$11,482,654 |
|
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