The jackpot for the Powerball draw on Sat Sep 19, 2026, is projected to be $298 Million, with an option for a cash payout of $126.6 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 Sep 19, 2026 |
|---|
| Draw Date | Sat Sep 19, 2026 | | Projected Jackpot | $298,000,000 | | Cash Value | $126,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,600,000 | | Federal Tax(24%) | $30,384,000 | | Additional Federal Tax | $16,418,330 | | State Tax(3.99%) | $5,051,340 | | Net Lumpsum Payment | $74,746,330 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,485,198 |
$1,619,854
$178,959 |
$2,686,385 |
| 2 |
$4,709,592 |
$1,702,879
$187,913 |
$2,818,800 |
| 3 |
$4,945,012 |
$1,789,985
$197,306 |
$2,957,721 |
| 4 |
$5,192,352 |
$1,881,501
$207,175 |
$3,103,676 |
| 5 |
$5,451,910 |
$1,977,537
$217,531 |
$3,256,842 |
| 6 |
$5,724,580 |
$2,078,425
$228,411 |
$3,417,744 |
| 7 |
$6,010,660 |
$2,184,275
$239,825 |
$3,586,560 |
| 8 |
$6,311,342 |
$2,295,527
$251,823 |
$3,763,992 |
| 9 |
$6,626,924 |
$2,412,292
$264,414 |
$3,950,218 |
| 10 |
$6,958,300 |
$2,534,901
$277,636 |
$4,145,763 |
| 11 |
$7,306,066 |
$2,663,575
$291,512 |
$4,350,979 |
| 12 |
$7,671,414 |
$2,798,754
$306,089 |
$4,566,571 |
| 13 |
$8,054,940 |
$2,940,658
$321,392 |
$4,792,890 |
| 14 |
$8,457,836 |
$3,089,730
$337,468 |
$5,030,638 |
| 15 |
$8,880,698 |
$3,246,189
$354,340 |
$5,280,169 |
| 16 |
$9,324,718 |
$3,410,476
$372,056 |
$5,542,186 |
| 17 |
$9,790,790 |
$3,582,923
$390,653 |
$5,817,214 |
| 18 |
$10,280,404 |
$3,764,080
$410,188 |
$6,106,136 |
| 19 |
$10,794,454 |
$3,954,278
$430,699 |
$6,409,477 |
| 20 |
$11,334,132 |
$4,153,959
$452,232 |
$6,727,941 |
| 21 |
$11,900,928 |
$4,363,674
$474,847 |
$7,062,407 |
| 22 |
$12,496,034 |
$4,583,863
$498,592 |
$7,413,579 |
| 23 |
$13,120,642 |
$4,814,968
$523,514 |
$7,782,160 |
| 24 |
$13,776,838 |
$5,057,760
$549,696 |
$8,169,382 |
| 25 |
$14,465,516 |
$5,312,571
$577,174 |
$8,575,771 |
| 26 |
$15,189,060 |
$5,580,283
$606,043 |
$9,002,734 |
| 27 |
$15,948,364 |
$5,861,225
$636,340 |
$9,450,799 |
| 28 |
$16,745,812 |
$6,156,281
$668,158 |
$9,921,373 |
| 29 |
$17,583,192 |
$6,466,111
$701,569 |
$10,415,512 |
| 30 |
$18,462,292 |
$6,791,378
$736,645 |
$10,934,269 |
|
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