The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 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 Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(3.99%) | $845,880 | | Net Lumpsum Payment | $12,549,790 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$27,625 |
$448,223 |
| 2 |
$726,984 |
$229,314
$29,007 |
$468,663 |
| 3 |
$763,324 |
$242,760
$30,457 |
$490,107 |
| 4 |
$801,504 |
$256,887
$31,980 |
$512,637 |
| 5 |
$841,570 |
$271,711
$33,579 |
$536,280 |
| 6 |
$883,660 |
$287,285
$35,258 |
$561,117 |
| 7 |
$927,820 |
$303,624
$37,020 |
$587,176 |
| 8 |
$974,234 |
$320,797
$38,872 |
$614,565 |
| 9 |
$1,022,948 |
$338,821
$40,816 |
$643,311 |
| 10 |
$1,074,100 |
$357,747
$42,857 |
$673,496 |
| 11 |
$1,127,782 |
$377,610
$44,999 |
$705,173 |
| 12 |
$1,184,178 |
$398,476
$47,249 |
$738,453 |
| 13 |
$1,243,380 |
$420,381
$49,611 |
$773,388 |
| 14 |
$1,305,572 |
$443,392
$52,092 |
$810,088 |
| 15 |
$1,370,846 |
$467,543
$54,697 |
$848,606 |
| 16 |
$1,439,386 |
$492,903
$57,432 |
$889,051 |
| 17 |
$1,511,330 |
$519,522
$60,302 |
$931,506 |
| 18 |
$1,586,908 |
$547,486
$63,318 |
$976,104 |
| 19 |
$1,666,258 |
$576,846
$66,484 |
$1,022,928 |
| 20 |
$1,749,564 |
$607,669
$69,808 |
$1,072,087 |
| 21 |
$1,837,056 |
$640,041
$73,299 |
$1,123,716 |
| 22 |
$1,928,918 |
$674,030
$76,964 |
$1,177,924 |
| 23 |
$2,025,334 |
$709,704
$80,811 |
$1,234,819 |
| 24 |
$2,126,626 |
$747,182
$84,852 |
$1,294,592 |
| 25 |
$2,232,932 |
$786,515
$89,094 |
$1,357,323 |
| 26 |
$2,344,620 |
$827,840
$93,550 |
$1,423,230 |
| 27 |
$2,461,828 |
$871,207
$98,227 |
$1,492,394 |
| 28 |
$2,584,924 |
$916,752
$103,138 |
$1,565,034 |
| 29 |
$2,714,184 |
$964,578
$108,296 |
$1,641,310 |
| 30 |
$2,849,884 |
$1,014,787
$113,710 |
$1,721,387 |
|
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