The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(3.99%) | $3,076,290 | | Net Lumpsum Payment | $45,536,380 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$100,890 |
$1,531,777 |
| 2 |
$2,655,072 |
$942,707
$105,937 |
$1,606,428 |
| 3 |
$2,787,792 |
$991,813
$111,233 |
$1,684,746 |
| 4 |
$2,927,232 |
$1,043,406
$116,797 |
$1,767,029 |
| 5 |
$3,073,560 |
$1,097,548
$122,635 |
$1,853,377 |
| 6 |
$3,227,280 |
$1,154,424
$128,768 |
$1,944,088 |
| 7 |
$3,388,560 |
$1,214,098
$135,204 |
$2,039,258 |
| 8 |
$3,558,072 |
$1,276,817
$141,967 |
$2,139,288 |
| 9 |
$3,735,984 |
$1,342,644
$149,066 |
$2,244,274 |
| 10 |
$3,922,800 |
$1,411,766
$156,520 |
$2,354,514 |
| 11 |
$4,118,856 |
$1,484,307
$164,342 |
$2,470,207 |
| 12 |
$4,324,824 |
$1,560,515
$172,560 |
$2,591,749 |
| 13 |
$4,541,040 |
$1,640,515
$181,187 |
$2,719,338 |
| 14 |
$4,768,176 |
$1,724,556
$190,250 |
$2,853,370 |
| 15 |
$5,006,568 |
$1,812,761
$199,762 |
$2,994,045 |
| 16 |
$5,256,888 |
$1,905,379
$209,750 |
$3,141,759 |
| 17 |
$5,519,640 |
$2,002,597
$220,234 |
$3,296,809 |
| 18 |
$5,795,664 |
$2,104,726
$231,247 |
$3,459,691 |
| 19 |
$6,085,464 |
$2,211,952
$242,810 |
$3,630,702 |
| 20 |
$6,389,712 |
$2,324,524
$254,950 |
$3,810,238 |
| 21 |
$6,709,248 |
$2,442,752
$267,699 |
$3,998,797 |
| 22 |
$7,044,744 |
$2,566,886
$281,085 |
$4,196,773 |
| 23 |
$7,396,872 |
$2,697,173
$295,135 |
$4,404,564 |
| 24 |
$7,766,808 |
$2,834,049
$309,896 |
$4,622,863 |
| 25 |
$8,155,056 |
$2,977,701
$325,387 |
$4,851,968 |
| 26 |
$8,562,960 |
$3,128,626
$341,662 |
$5,092,672 |
| 27 |
$8,991,024 |
$3,287,009
$358,742 |
$5,345,273 |
| 28 |
$9,440,592 |
$3,453,349
$376,680 |
$5,610,563 |
| 29 |
$9,912,672 |
$3,628,019
$395,516 |
$5,889,137 |
| 30 |
$10,408,272 |
$3,811,391
$415,290 |
$6,181,591 |
|
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