The jackpot for the Powerball draw on Mon Nov 2, 2026, is projected to be $793 Million, with an option for a cash payout of $339.9 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 Mon Nov 2, 2026 |
|---|
| Draw Date | Mon Nov 2, 2026 | | Projected Jackpot | $793,000,000 | | Cash Value | $339,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $339,900,000 | | Federal Tax(24%) | $81,576,000 | | Additional Federal Tax | $44,147,330 | | State Tax(3.99%) | $13,562,010 | | Net Lumpsum Payment | $200,614,660 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,935,443 |
$4,376,444
$476,224 |
$7,082,775 |
| 2 |
$12,532,572 |
$4,597,382
$500,050 |
$7,435,140 |
| 3 |
$13,159,042 |
$4,829,176
$525,046 |
$7,804,820 |
| 4 |
$13,817,232 |
$5,072,706
$551,308 |
$8,193,218 |
| 5 |
$14,507,935 |
$5,328,266
$578,867 |
$8,600,802 |
| 6 |
$15,233,530 |
$5,596,736
$607,818 |
$9,028,976 |
| 7 |
$15,994,810 |
$5,878,410
$638,193 |
$9,478,207 |
| 8 |
$16,794,947 |
$6,174,461
$670,118 |
$9,950,368 |
| 9 |
$17,634,734 |
$6,485,182
$703,626 |
$10,445,926 |
| 10 |
$18,516,550 |
$6,811,454
$738,810 |
$10,966,286 |
| 11 |
$19,441,981 |
$7,153,863
$775,735 |
$11,512,383 |
| 12 |
$20,414,199 |
$7,513,584
$814,527 |
$12,086,088 |
| 13 |
$21,434,790 |
$7,891,203
$855,248 |
$12,688,339 |
| 14 |
$22,506,926 |
$8,287,893
$898,026 |
$13,321,007 |
| 15 |
$23,632,193 |
$8,704,242
$942,925 |
$13,985,026 |
| 16 |
$24,813,763 |
$9,141,423
$990,069 |
$14,682,271 |
| 17 |
$26,054,015 |
$9,600,316
$1,039,555 |
$15,414,144 |
| 18 |
$27,356,914 |
$10,082,389
$1,091,541 |
$16,182,984 |
| 19 |
$28,724,839 |
$10,588,521
$1,146,121 |
$16,990,197 |
| 20 |
$30,160,962 |
$11,119,886
$1,203,422 |
$17,837,654 |
| 21 |
$31,669,248 |
$11,677,952
$1,263,603 |
$18,727,693 |
| 22 |
$33,252,869 |
$12,263,892
$1,326,789 |
$19,662,188 |
| 23 |
$34,914,997 |
$12,878,879
$1,393,108 |
$20,643,010 |
| 24 |
$36,661,183 |
$13,524,968
$1,462,781 |
$21,673,434 |
| 25 |
$38,493,806 |
$14,203,039
$1,535,903 |
$22,754,864 |
| 26 |
$40,419,210 |
$14,915,438
$1,612,726 |
$23,891,046 |
| 27 |
$42,439,774 |
$15,663,047
$1,693,347 |
$25,083,380 |
| 28 |
$44,561,842 |
$16,448,212
$1,778,017 |
$26,335,613 |
| 29 |
$46,790,172 |
$17,272,694
$1,866,928 |
$27,650,550 |
| 30 |
$49,129,522 |
$18,138,254
$1,960,268 |
$29,031,000 |
|
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