The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(3.99%) | $17,113,110 | | Net Lumpsum Payment | $253,133,560 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$570,508 |
$8,477,185 |
| 2 |
$15,013,800 |
$5,515,436
$599,051 |
$8,899,313 |
| 3 |
$15,764,300 |
$5,793,121
$628,996 |
$9,342,183 |
| 4 |
$16,552,800 |
$6,084,866
$660,457 |
$9,807,477 |
| 5 |
$17,380,250 |
$6,391,023
$693,472 |
$10,295,755 |
| 6 |
$18,249,500 |
$6,712,645
$728,155 |
$10,808,700 |
| 7 |
$19,161,500 |
$7,050,085
$764,544 |
$11,346,871 |
| 8 |
$20,120,050 |
$7,404,749
$802,790 |
$11,912,511 |
| 9 |
$21,126,100 |
$7,776,987
$842,931 |
$12,506,182 |
| 10 |
$22,182,500 |
$8,167,855
$885,082 |
$13,129,563 |
| 11 |
$23,291,150 |
$8,578,056
$929,317 |
$13,783,777 |
| 12 |
$24,455,850 |
$9,008,995
$975,788 |
$14,471,067 |
| 13 |
$25,678,500 |
$9,461,375
$1,024,572 |
$15,192,553 |
| 14 |
$26,962,900 |
$9,936,603
$1,075,820 |
$15,950,477 |
| 15 |
$28,310,950 |
$10,435,382
$1,129,607 |
$16,745,961 |
| 16 |
$29,726,450 |
$10,959,117
$1,186,085 |
$17,581,248 |
| 17 |
$31,212,250 |
$11,508,863
$1,245,369 |
$18,458,018 |
| 18 |
$32,773,100 |
$12,086,377
$1,307,647 |
$19,379,076 |
| 19 |
$34,411,850 |
$12,692,715
$1,373,033 |
$20,346,102 |
| 20 |
$36,132,300 |
$13,329,281
$1,441,679 |
$21,361,340 |
| 21 |
$37,939,200 |
$13,997,834
$1,513,774 |
$22,427,592 |
| 22 |
$39,836,350 |
$14,699,780
$1,589,470 |
$23,547,100 |
| 23 |
$41,827,550 |
$15,436,524
$1,668,919 |
$24,722,107 |
| 24 |
$43,919,450 |
$16,210,527
$1,752,386 |
$25,956,537 |
| 25 |
$46,114,900 |
$17,022,843
$1,839,985 |
$27,252,072 |
| 26 |
$48,421,500 |
$17,876,285
$1,932,018 |
$28,613,197 |
| 27 |
$50,842,100 |
$18,771,907
$2,028,600 |
$30,041,593 |
| 28 |
$53,384,300 |
$19,712,521
$2,130,034 |
$31,541,745 |
| 29 |
$56,053,800 |
$20,700,236
$2,236,547 |
$33,117,017 |
| 30 |
$58,856,300 |
$21,737,161
$2,348,366 |
$34,770,773 |
|
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