The jackpot for the Powerball draw on Sat Jun 6, 2026, is projected to be $212 Million, with an option for a cash payout of $94.7 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 6, 2026 |
|---|
| Draw Date | Sat Jun 6, 2026 | | Projected Jackpot | $212,000,000 | | Cash Value | $94,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,700,000 | | Federal Tax(24%) | $22,728,000 | | Additional Federal Tax | $12,271,330 | | State Tax(3.99%) | $3,778,530 | | Net Lumpsum Payment | $55,922,140 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,190,812 |
$1,140,931
$127,313 |
$1,922,568 |
| 2 |
$3,350,448 |
$1,199,996
$133,683 |
$2,016,769 |
| 3 |
$3,517,928 |
$1,261,964
$140,365 |
$2,115,599 |
| 4 |
$3,693,888 |
$1,327,069
$147,386 |
$2,219,433 |
| 5 |
$3,878,540 |
$1,395,390
$154,754 |
$2,328,396 |
| 6 |
$4,072,520 |
$1,467,163
$162,494 |
$2,442,863 |
| 7 |
$4,276,040 |
$1,542,465
$170,614 |
$2,562,961 |
| 8 |
$4,489,948 |
$1,621,611
$179,149 |
$2,689,188 |
| 9 |
$4,714,456 |
$1,704,679
$188,107 |
$2,821,670 |
| 10 |
$4,950,200 |
$1,791,904
$197,513 |
$2,960,783 |
| 11 |
$5,197,604 |
$1,883,444
$207,384 |
$3,106,776 |
| 12 |
$5,457,516 |
$1,979,611
$217,755 |
$3,260,150 |
| 13 |
$5,730,360 |
$2,080,564
$228,641 |
$3,421,155 |
| 14 |
$6,016,984 |
$2,186,614
$240,078 |
$3,590,292 |
| 15 |
$6,317,812 |
$2,297,921
$252,081 |
$3,767,810 |
| 16 |
$6,633,692 |
$2,414,796
$264,684 |
$3,954,212 |
| 17 |
$6,965,260 |
$2,537,477
$277,914 |
$4,149,869 |
| 18 |
$7,313,576 |
$2,666,354
$291,812 |
$4,355,410 |
| 19 |
$7,679,276 |
$2,801,663
$306,403 |
$4,571,210 |
| 20 |
$8,063,208 |
$2,943,717
$321,722 |
$4,797,769 |
| 21 |
$8,466,432 |
$3,092,910
$337,811 |
$5,035,711 |
| 22 |
$8,889,796 |
$3,249,555
$354,703 |
$5,285,538 |
| 23 |
$9,334,148 |
$3,413,965
$372,433 |
$5,547,750 |
| 24 |
$9,800,972 |
$3,586,690
$391,059 |
$5,823,223 |
| 25 |
$10,290,904 |
$3,767,965
$410,607 |
$6,112,332 |
| 26 |
$10,805,640 |
$3,958,417
$431,145 |
$6,416,078 |
| 27 |
$11,345,816 |
$4,158,282
$452,698 |
$6,734,836 |
| 28 |
$11,913,128 |
$4,368,188
$475,334 |
$7,069,606 |
| 29 |
$12,508,848 |
$4,588,604
$499,103 |
$7,421,141 |
| 30 |
$13,134,248 |
$4,820,002
$524,056 |
$7,790,190 |
|
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