The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 Jul 19, 2025 |
|---|
| Draw Date | Sat Jul 19, 2025 | | Projected Jackpot | $288,000,000 | | Cash Value | $130,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $130,600,000 | | Federal Tax(24%) | $31,344,000 | | Additional Federal Tax | $16,938,330 | | State Tax(3.99%) | $5,210,940 | | Net Lumpsum Payment | $77,106,730 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,334,688 |
$1,564,165
$172,954 |
$2,597,569 |
| 2 |
$4,551,552 |
$1,644,405
$181,607 |
$2,725,540 |
| 3 |
$4,779,072 |
$1,728,587
$190,685 |
$2,859,800 |
| 4 |
$5,018,112 |
$1,817,032
$200,223 |
$3,000,857 |
| 5 |
$5,268,960 |
$1,909,846
$210,232 |
$3,148,882 |
| 6 |
$5,532,480 |
$2,007,348
$220,746 |
$3,304,386 |
| 7 |
$5,808,960 |
$2,109,646
$231,778 |
$3,467,536 |
| 8 |
$6,099,552 |
$2,217,165
$243,372 |
$3,639,015 |
| 9 |
$6,404,544 |
$2,330,012
$255,541 |
$3,818,991 |
| 10 |
$6,724,800 |
$2,448,506
$268,320 |
$4,007,974 |
| 11 |
$7,060,896 |
$2,572,862
$281,730 |
$4,206,304 |
| 12 |
$7,413,984 |
$2,703,504
$295,818 |
$4,414,662 |
| 13 |
$7,784,640 |
$2,840,647
$310,607 |
$4,633,386 |
| 14 |
$8,174,016 |
$2,984,716
$326,143 |
$4,863,157 |
| 15 |
$8,582,688 |
$3,135,925
$342,449 |
$5,104,314 |
| 16 |
$9,011,808 |
$3,294,699
$359,571 |
$5,357,538 |
| 17 |
$9,462,240 |
$3,461,359
$377,543 |
$5,623,338 |
| 18 |
$9,935,424 |
$3,636,437
$396,423 |
$5,902,564 |
| 19 |
$10,432,224 |
$3,820,253
$416,246 |
$6,195,725 |
| 20 |
$10,953,792 |
$4,013,233
$437,056 |
$6,503,503 |
| 21 |
$11,501,568 |
$4,215,911
$458,913 |
$6,826,744 |
| 22 |
$12,076,704 |
$4,428,711
$481,860 |
$7,166,133 |
| 23 |
$12,680,352 |
$4,652,061
$505,946 |
$7,522,345 |
| 24 |
$13,314,528 |
$4,886,706
$531,250 |
$7,896,572 |
| 25 |
$13,980,096 |
$5,132,966
$557,806 |
$8,289,324 |
| 26 |
$14,679,360 |
$5,391,694
$585,706 |
$8,701,960 |
| 27 |
$15,413,184 |
$5,663,208
$614,986 |
$9,134,990 |
| 28 |
$16,183,872 |
$5,948,363
$645,736 |
$9,589,773 |
| 29 |
$16,993,152 |
$6,247,797
$678,027 |
$10,067,328 |
| 30 |
$17,842,752 |
$6,562,149
$711,926 |
$10,568,677 |
|
|
