The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(3.99%) | $20,085,660 | | Net Lumpsum Payment | $297,096,010 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$660,588 |
$9,809,425 |
| 2 |
$17,384,400 |
$6,392,558
$693,638 |
$10,298,204 |
| 3 |
$18,253,400 |
$6,714,088
$728,311 |
$10,811,001 |
| 4 |
$19,166,400 |
$7,051,898
$764,739 |
$11,349,763 |
| 5 |
$20,124,500 |
$7,406,395
$802,968 |
$11,915,137 |
| 6 |
$21,131,000 |
$7,778,800
$843,127 |
$12,509,073 |
| 7 |
$22,187,000 |
$8,169,520
$885,261 |
$13,132,219 |
| 8 |
$23,296,900 |
$8,580,183
$929,546 |
$13,787,171 |
| 9 |
$24,461,800 |
$9,011,196
$976,026 |
$14,474,578 |
| 10 |
$25,685,000 |
$9,463,780
$1,024,832 |
$15,196,388 |
| 11 |
$26,968,700 |
$9,938,749
$1,076,051 |
$15,953,900 |
| 12 |
$28,317,300 |
$10,437,731
$1,129,860 |
$16,749,709 |
| 13 |
$29,733,000 |
$10,961,540
$1,186,347 |
$17,585,113 |
| 14 |
$31,220,200 |
$11,511,804
$1,245,686 |
$18,462,710 |
| 15 |
$32,781,100 |
$12,089,337
$1,307,966 |
$19,383,797 |
| 16 |
$34,420,100 |
$12,695,767
$1,373,362 |
$20,350,971 |
| 17 |
$36,140,500 |
$13,332,315
$1,442,006 |
$21,366,179 |
| 18 |
$37,947,800 |
$14,001,016
$1,514,117 |
$22,432,667 |
| 19 |
$39,845,300 |
$14,703,091
$1,589,827 |
$23,552,382 |
| 20 |
$41,837,400 |
$15,440,168
$1,669,312 |
$24,727,920 |
| 21 |
$43,929,600 |
$16,214,282
$1,752,791 |
$25,962,527 |
| 22 |
$46,126,300 |
$17,027,061
$1,840,439 |
$27,258,800 |
| 23 |
$48,431,900 |
$17,880,133
$1,932,433 |
$28,619,334 |
| 24 |
$50,854,100 |
$18,776,347
$2,029,079 |
$30,048,674 |
| 25 |
$53,396,200 |
$19,716,924
$2,130,508 |
$31,548,768 |
| 26 |
$56,067,000 |
$20,705,120
$2,237,073 |
$33,124,807 |
| 27 |
$58,869,800 |
$21,742,156
$2,348,905 |
$34,778,739 |
| 28 |
$61,813,400 |
$22,831,288
$2,466,355 |
$36,515,757 |
| 29 |
$64,904,400 |
$23,974,958
$2,589,686 |
$38,339,756 |
| 30 |
$68,149,400 |
$25,175,608
$2,719,161 |
$40,254,631 |
|
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