The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(3.99%) | $2,960,580 | | Net Lumpsum Payment | $43,825,090 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$97,287 |
$1,478,488 |
| 2 |
$2,560,248 |
$907,622
$102,154 |
$1,550,472 |
| 3 |
$2,688,228 |
$954,975
$107,260 |
$1,625,993 |
| 4 |
$2,822,688 |
$1,004,725
$112,625 |
$1,705,338 |
| 5 |
$2,963,790 |
$1,056,933
$118,255 |
$1,788,602 |
| 6 |
$3,112,020 |
$1,111,778
$124,170 |
$1,876,072 |
| 7 |
$3,267,540 |
$1,169,320
$130,375 |
$1,967,845 |
| 8 |
$3,430,998 |
$1,229,800
$136,897 |
$2,064,301 |
| 9 |
$3,602,556 |
$1,293,276
$143,742 |
$2,165,538 |
| 10 |
$3,782,700 |
$1,359,929
$150,930 |
$2,271,841 |
| 11 |
$3,971,754 |
$1,429,879
$158,473 |
$2,383,402 |
| 12 |
$4,170,366 |
$1,503,366
$166,398 |
$2,500,602 |
| 13 |
$4,378,860 |
$1,580,509
$174,717 |
$2,623,634 |
| 14 |
$4,597,884 |
$1,661,547
$183,456 |
$2,752,881 |
| 15 |
$4,827,762 |
$1,746,602
$192,628 |
$2,888,532 |
| 16 |
$5,069,142 |
$1,835,913
$202,259 |
$3,030,970 |
| 17 |
$5,322,510 |
$1,929,659
$212,368 |
$3,180,483 |
| 18 |
$5,588,676 |
$2,028,141
$222,988 |
$3,337,547 |
| 19 |
$5,868,126 |
$2,131,537
$234,138 |
$3,502,451 |
| 20 |
$6,161,508 |
$2,240,088
$245,844 |
$3,675,576 |
| 21 |
$6,469,632 |
$2,354,094
$258,138 |
$3,857,400 |
| 22 |
$6,793,146 |
$2,473,794
$271,047 |
$4,048,305 |
| 23 |
$7,132,698 |
$2,599,429
$284,595 |
$4,248,674 |
| 24 |
$7,489,422 |
$2,731,417
$298,828 |
$4,459,177 |
| 25 |
$7,863,804 |
$2,869,938
$313,766 |
$4,680,100 |
| 26 |
$8,257,140 |
$3,015,472
$329,460 |
$4,912,208 |
| 27 |
$8,669,916 |
$3,168,199
$345,930 |
$5,155,787 |
| 28 |
$9,103,428 |
$3,328,599
$363,227 |
$5,411,602 |
| 29 |
$9,558,648 |
$3,497,030
$381,390 |
$5,680,228 |
| 30 |
$10,036,548 |
$3,673,853
$400,458 |
$5,962,237 |
|
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