The jackpot for the Powerball draw on Sat Jun 20, 2026, is projected to be $302 Million, with an option for a cash payout of $135.3 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 Jun 20, 2026 |
|---|
| Draw Date | Sat Jun 20, 2026 | | Projected Jackpot | $302,000,000 | | Cash Value | $135,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $135,300,000 | | Federal Tax(24%) | $32,472,000 | | Additional Federal Tax | $17,549,330 | | State Tax(3.99%) | $5,398,470 | | Net Lumpsum Payment | $79,880,200 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,545,402 |
$1,642,129
$181,362 |
$2,721,911 |
| 2 |
$4,772,808 |
$1,726,269
$190,435 |
$2,856,104 |
| 3 |
$5,011,388 |
$1,814,544
$199,954 |
$2,996,890 |
| 4 |
$5,262,048 |
$1,907,288
$209,956 |
$3,144,804 |
| 5 |
$5,525,090 |
$2,004,614
$220,451 |
$3,300,025 |
| 6 |
$5,801,420 |
$2,106,856
$231,477 |
$3,463,087 |
| 7 |
$6,091,340 |
$2,214,126
$243,044 |
$3,634,170 |
| 8 |
$6,396,058 |
$2,326,872
$255,203 |
$3,813,983 |
| 9 |
$6,715,876 |
$2,445,205
$267,963 |
$4,002,708 |
| 10 |
$7,051,700 |
$2,569,459
$281,363 |
$4,200,878 |
| 11 |
$7,404,134 |
$2,699,860
$295,425 |
$4,408,849 |
| 12 |
$7,774,386 |
$2,836,853
$310,198 |
$4,627,335 |
| 13 |
$8,163,060 |
$2,980,663
$325,706 |
$4,856,691 |
| 14 |
$8,571,364 |
$3,131,735
$341,997 |
$5,097,632 |
| 15 |
$8,999,902 |
$3,290,294
$359,096 |
$5,350,512 |
| 16 |
$9,449,882 |
$3,456,787
$377,050 |
$5,616,045 |
| 17 |
$9,922,210 |
$3,631,548
$395,896 |
$5,894,766 |
| 18 |
$10,418,396 |
$3,815,137
$415,694 |
$6,187,565 |
| 19 |
$10,939,346 |
$4,007,888
$436,480 |
$6,494,978 |
| 20 |
$11,486,268 |
$4,210,250
$458,302 |
$6,817,716 |
| 21 |
$12,060,672 |
$4,422,779
$481,221 |
$7,156,672 |
| 22 |
$12,663,766 |
$4,645,924
$505,284 |
$7,512,558 |
| 23 |
$13,296,758 |
$4,880,131
$530,541 |
$7,886,086 |
| 24 |
$13,961,762 |
$5,126,182
$557,074 |
$8,278,506 |
| 25 |
$14,659,684 |
$5,384,413
$584,921 |
$8,690,350 |
| 26 |
$15,392,940 |
$5,655,718
$614,178 |
$9,123,044 |
| 27 |
$16,162,436 |
$5,940,432
$644,881 |
$9,577,123 |
| 28 |
$16,970,588 |
$6,239,448
$677,126 |
$10,054,014 |
| 29 |
$17,819,208 |
$6,553,437
$710,986 |
$10,554,785 |
| 30 |
$18,710,108 |
$6,883,070
$746,533 |
$11,080,505 |
|
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