The jackpot for the Powerball draw on Wed Sep 23, 2026, is projected to be $332 Million, with an option for a cash payout of $141.7 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 Wed Sep 23, 2026 |
|---|
| Draw Date | Wed Sep 23, 2026 | | Projected Jackpot | $332,000,000 | | Cash Value | $141,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,700,000 | | Federal Tax(24%) | $34,008,000 | | Additional Federal Tax | $18,381,330 | | State Tax(3.99%) | $5,653,830 | | Net Lumpsum Payment | $83,656,840 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,996,932 |
$1,809,195
$199,378 |
$2,988,359 |
| 2 |
$5,246,928 |
$1,901,694
$209,352 |
$3,135,882 |
| 3 |
$5,509,208 |
$1,998,737
$219,817 |
$3,290,654 |
| 4 |
$5,784,768 |
$2,100,695
$230,812 |
$3,453,261 |
| 5 |
$6,073,940 |
$2,207,688
$242,350 |
$3,623,902 |
| 6 |
$6,377,720 |
$2,320,087
$254,471 |
$3,803,162 |
| 7 |
$6,696,440 |
$2,438,013
$267,188 |
$3,991,239 |
| 8 |
$7,031,428 |
$2,561,959
$280,554 |
$4,188,915 |
| 9 |
$7,383,016 |
$2,692,046
$294,582 |
$4,396,388 |
| 10 |
$7,752,200 |
$2,828,644
$309,313 |
$4,614,243 |
| 11 |
$8,139,644 |
$2,971,999
$324,772 |
$4,842,873 |
| 12 |
$8,546,676 |
$3,122,601
$341,012 |
$5,083,063 |
| 13 |
$8,973,960 |
$3,280,696
$358,061 |
$5,335,203 |
| 14 |
$9,422,824 |
$3,446,775
$375,971 |
$5,600,078 |
| 15 |
$9,893,932 |
$3,621,085
$394,768 |
$5,878,079 |
| 16 |
$10,388,612 |
$3,804,117
$414,506 |
$6,169,989 |
| 17 |
$10,907,860 |
$3,996,239
$435,224 |
$6,476,397 |
| 18 |
$11,453,336 |
$4,198,065
$456,988 |
$6,798,283 |
| 19 |
$12,026,036 |
$4,409,964
$479,839 |
$7,136,233 |
| 20 |
$12,627,288 |
$4,632,427
$503,829 |
$7,491,032 |
| 21 |
$13,258,752 |
$4,866,069
$529,024 |
$7,863,659 |
| 22 |
$13,921,756 |
$5,111,380
$555,478 |
$8,254,898 |
| 23 |
$14,617,628 |
$5,368,853
$583,243 |
$8,665,532 |
| 24 |
$15,348,692 |
$5,639,346
$612,413 |
$9,096,933 |
| 25 |
$16,115,944 |
$5,923,230
$643,026 |
$9,549,688 |
| 26 |
$16,922,040 |
$6,221,485
$675,189 |
$10,025,366 |
| 27 |
$17,767,976 |
$6,534,482
$708,942 |
$10,524,552 |
| 28 |
$18,656,408 |
$6,863,201
$744,391 |
$11,048,816 |
| 29 |
$19,589,328 |
$7,208,382
$781,614 |
$11,599,332 |
| 30 |
$20,568,728 |
$7,570,760
$820,692 |
$12,177,276 |
|
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