The jackpot for the Powerball draw on Wed Oct 22, 2025, is projected to be $320 Million, with an option for a cash payout of $152.2 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 Wed Oct 22, 2025 |
|---|
| Draw Date | Wed Oct 22, 2025 | | Projected Jackpot | $320,000,000 | | Cash Value | $152,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $152,200,000 | | Federal Tax(24%) | $36,528,000 | | Additional Federal Tax | $19,746,330 | | State Tax(3.99%) | $6,072,780 | | Net Lumpsum Payment | $89,852,890 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,816,320 |
$1,742,369
$192,171 |
$2,881,780 |
| 2 |
$5,057,280 |
$1,831,524
$201,785 |
$3,023,971 |
| 3 |
$5,310,080 |
$1,925,060
$211,872 |
$3,173,148 |
| 4 |
$5,575,680 |
$2,023,332
$222,470 |
$3,329,878 |
| 5 |
$5,854,400 |
$2,126,458
$233,591 |
$3,494,351 |
| 6 |
$6,147,200 |
$2,234,794
$245,273 |
$3,667,133 |
| 7 |
$6,454,400 |
$2,348,458
$257,531 |
$3,848,411 |
| 8 |
$6,777,280 |
$2,467,924
$270,413 |
$4,038,943 |
| 9 |
$7,116,160 |
$2,593,310
$283,935 |
$4,238,915 |
| 10 |
$7,472,000 |
$2,724,970
$298,133 |
$4,448,897 |
| 11 |
$7,845,440 |
$2,863,143
$313,033 |
$4,669,264 |
| 12 |
$8,237,760 |
$3,008,302
$328,687 |
$4,900,771 |
| 13 |
$8,649,600 |
$3,160,682
$345,119 |
$5,143,799 |
| 14 |
$9,082,240 |
$3,320,759
$362,381 |
$5,399,100 |
| 15 |
$9,536,320 |
$3,488,769
$380,499 |
$5,667,052 |
| 16 |
$10,013,120 |
$3,665,185
$399,523 |
$5,948,412 |
| 17 |
$10,513,600 |
$3,850,362
$419,493 |
$6,243,745 |
| 18 |
$11,039,360 |
$4,044,894
$440,470 |
$6,553,996 |
| 19 |
$11,591,360 |
$4,249,134
$462,495 |
$6,879,731 |
| 20 |
$12,170,880 |
$4,463,556
$485,618 |
$7,221,706 |
| 21 |
$12,779,520 |
$4,688,753
$509,903 |
$7,580,864 |
| 22 |
$13,418,560 |
$4,925,198
$535,401 |
$7,957,961 |
| 23 |
$14,089,280 |
$5,173,364
$562,162 |
$8,353,754 |
| 24 |
$14,793,920 |
$5,434,081
$590,277 |
$8,769,562 |
| 25 |
$15,533,440 |
$5,707,703
$619,784 |
$9,205,953 |
| 26 |
$16,310,400 |
$5,995,178
$650,785 |
$9,664,437 |
| 27 |
$17,125,760 |
$6,296,862
$683,318 |
$10,145,580 |
| 28 |
$17,982,080 |
$6,613,700
$717,485 |
$10,650,895 |
| 29 |
$18,881,280 |
$6,946,404
$753,363 |
$11,181,513 |
| 30 |
$19,825,280 |
$7,295,684
$791,029 |
$11,738,567 |
|
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