The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(3.99%) | $30,734,970 | | Net Lumpsum Payment | $454,593,700 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$1,020,909 |
$15,138,382 |
| 2 |
$26,866,800 |
$9,901,046
$1,071,985 |
$15,893,769 |
| 3 |
$28,209,800 |
$10,397,956
$1,125,571 |
$16,686,273 |
| 4 |
$29,620,800 |
$10,920,026
$1,181,870 |
$17,518,904 |
| 5 |
$31,101,500 |
$11,467,885
$1,240,950 |
$18,392,665 |
| 6 |
$32,657,000 |
$12,043,420
$1,303,014 |
$19,310,566 |
| 7 |
$34,289,000 |
$12,647,260
$1,368,131 |
$20,273,609 |
| 8 |
$36,004,300 |
$13,281,921
$1,436,572 |
$21,285,807 |
| 9 |
$37,804,600 |
$13,948,032
$1,508,404 |
$22,348,164 |
| 10 |
$39,695,000 |
$14,647,480
$1,583,831 |
$23,463,689 |
| 11 |
$41,678,900 |
$15,381,523
$1,662,988 |
$24,634,389 |
| 12 |
$43,763,100 |
$16,152,677
$1,746,148 |
$25,864,275 |
| 13 |
$45,951,000 |
$16,962,200
$1,833,445 |
$27,155,355 |
| 14 |
$48,249,400 |
$17,812,608
$1,925,151 |
$28,511,641 |
| 15 |
$50,661,700 |
$18,705,159
$2,021,402 |
$29,935,139 |
| 16 |
$53,194,700 |
$19,642,369
$2,122,469 |
$31,429,862 |
| 17 |
$55,853,500 |
$20,626,125
$2,228,555 |
$32,998,820 |
| 18 |
$58,646,600 |
$21,659,572
$2,339,999 |
$34,647,029 |
| 19 |
$61,579,100 |
$22,744,597
$2,457,006 |
$36,377,497 |
| 20 |
$64,657,800 |
$23,883,716
$2,579,846 |
$38,194,238 |
| 21 |
$67,891,200 |
$25,080,074
$2,708,859 |
$40,102,267 |
| 22 |
$71,286,100 |
$26,336,187
$2,844,315 |
$42,105,598 |
| 23 |
$74,849,300 |
$27,654,571
$2,986,487 |
$44,208,242 |
| 24 |
$78,592,700 |
$29,039,629
$3,135,849 |
$46,417,222 |
| 25 |
$82,521,400 |
$30,493,248
$3,292,604 |
$48,735,548 |
| 26 |
$86,649,000 |
$32,020,460
$3,457,295 |
$51,171,245 |
| 27 |
$90,980,600 |
$33,623,152
$3,630,126 |
$53,727,322 |
| 28 |
$95,529,800 |
$35,306,356
$3,811,639 |
$56,411,805 |
| 29 |
$100,306,800 |
$37,073,846
$4,002,241 |
$59,230,713 |
| 30 |
$105,321,800 |
$38,929,396
$4,202,340 |
$62,190,064 |
|
|
