The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(3.99%) | $7,154,070 | | Net Lumpsum Payment | $105,844,600 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$225,801 |
$3,379,149 |
| 2 |
$5,942,304 |
$2,158,983
$237,098 |
$3,546,223 |
| 3 |
$6,239,344 |
$2,268,888
$248,950 |
$3,721,506 |
| 4 |
$6,551,424 |
$2,384,357
$261,402 |
$3,905,665 |
| 5 |
$6,878,920 |
$2,505,531
$274,469 |
$4,098,920 |
| 6 |
$7,222,960 |
$2,632,826
$288,196 |
$4,301,938 |
| 7 |
$7,583,920 |
$2,766,381
$302,598 |
$4,514,941 |
| 8 |
$7,963,304 |
$2,906,753
$317,736 |
$4,738,815 |
| 9 |
$8,361,488 |
$3,054,081
$333,623 |
$4,973,784 |
| 10 |
$8,779,600 |
$3,208,782
$350,306 |
$5,220,512 |
| 11 |
$9,218,392 |
$3,371,135
$367,814 |
$5,479,443 |
| 12 |
$9,679,368 |
$3,541,697
$386,207 |
$5,751,464 |
| 13 |
$10,163,280 |
$3,720,744
$405,515 |
$6,037,021 |
| 14 |
$10,671,632 |
$3,908,834
$425,798 |
$6,337,000 |
| 15 |
$11,205,176 |
$4,106,246
$447,087 |
$6,651,843 |
| 16 |
$11,765,416 |
$4,313,534
$469,440 |
$6,982,442 |
| 17 |
$12,353,480 |
$4,531,118
$492,904 |
$7,329,458 |
| 18 |
$12,971,248 |
$4,759,692
$517,553 |
$7,694,003 |
| 19 |
$13,619,848 |
$4,999,674
$543,432 |
$8,076,742 |
| 20 |
$14,300,784 |
$5,251,620
$570,601 |
$8,478,563 |
| 21 |
$15,015,936 |
$5,516,227
$599,136 |
$8,900,573 |
| 22 |
$15,766,808 |
$5,794,049
$629,096 |
$9,343,663 |
| 23 |
$16,554,904 |
$6,085,645
$660,541 |
$9,808,718 |
| 24 |
$17,382,856 |
$6,391,987
$693,576 |
$10,297,293 |
| 25 |
$18,251,792 |
$6,713,493
$728,247 |
$10,810,052 |
| 26 |
$19,164,720 |
$7,051,277
$764,672 |
$11,348,771 |
| 27 |
$20,122,768 |
$7,405,755
$802,898 |
$11,914,115 |
| 28 |
$21,128,944 |
$7,778,040
$843,045 |
$12,507,859 |
| 29 |
$22,185,504 |
$8,168,967
$885,202 |
$13,131,335 |
| 30 |
$23,294,704 |
$8,579,371
$929,459 |
$13,785,874 |
|
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