The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(3.99%) | $4,253,340 | | Net Lumpsum Payment | $62,944,330 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$140,525 |
$2,117,963 |
| 2 |
$3,698,136 |
$1,328,641
$147,556 |
$2,221,939 |
| 3 |
$3,882,996 |
$1,397,039
$154,932 |
$2,331,025 |
| 4 |
$4,077,216 |
$1,468,900
$162,681 |
$2,445,635 |
| 5 |
$4,281,030 |
$1,544,311
$170,813 |
$2,565,906 |
| 6 |
$4,495,140 |
$1,623,532
$179,356 |
$2,692,252 |
| 7 |
$4,719,780 |
$1,706,649
$188,319 |
$2,824,812 |
| 8 |
$4,955,886 |
$1,794,008
$197,740 |
$2,964,138 |
| 9 |
$5,203,692 |
$1,885,696
$207,627 |
$3,110,369 |
| 10 |
$5,463,900 |
$1,981,973
$218,010 |
$3,263,917 |
| 11 |
$5,736,978 |
$2,083,012
$228,905 |
$3,425,061 |
| 12 |
$6,023,862 |
$2,189,159
$240,352 |
$3,594,351 |
| 13 |
$6,325,020 |
$2,300,588
$252,368 |
$3,772,064 |
| 14 |
$6,641,388 |
$2,417,644
$264,991 |
$3,958,753 |
| 15 |
$6,973,434 |
$2,540,501
$278,240 |
$4,154,693 |
| 16 |
$7,322,094 |
$2,669,505
$292,152 |
$4,360,437 |
| 17 |
$7,688,070 |
$2,804,916
$306,754 |
$4,576,400 |
| 18 |
$8,072,532 |
$2,947,167
$322,094 |
$4,803,271 |
| 19 |
$8,476,182 |
$3,096,518
$338,200 |
$5,041,464 |
| 20 |
$8,899,956 |
$3,253,314
$355,108 |
$5,291,534 |
| 21 |
$9,345,024 |
$3,417,989
$372,866 |
$5,554,169 |
| 22 |
$9,812,322 |
$3,590,890
$391,512 |
$5,829,920 |
| 23 |
$10,302,786 |
$3,772,361
$411,081 |
$6,119,344 |
| 24 |
$10,818,054 |
$3,963,010
$431,640 |
$6,423,404 |
| 25 |
$11,358,828 |
$4,163,097
$453,217 |
$6,742,514 |
| 26 |
$11,926,980 |
$4,373,313
$475,887 |
$7,077,780 |
| 27 |
$12,523,212 |
$4,593,919
$499,676 |
$7,429,617 |
| 28 |
$13,149,396 |
$4,825,607
$524,661 |
$7,799,128 |
| 29 |
$13,806,936 |
$5,068,897
$550,897 |
$8,187,142 |
| 30 |
$14,497,236 |
$5,324,308
$578,440 |
$8,594,488 |
|
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