The jackpot for the Powerball draw on Wed Sep 17, 2025, is projected to be $81 Million, with an option for a cash payout of $37.9 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 Wed Sep 17, 2025 |
|---|
| Draw Date | Wed Sep 17, 2025 | | Projected Jackpot | $81,000,000 | | Cash Value | $37,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,900,000 | | Federal Tax(24%) | $9,096,000 | | Additional Federal Tax | $4,887,330 | | State Tax(3.99%) | $1,512,210 | | Net Lumpsum Payment | $22,404,460 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$48,643 |
$759,079 |
| 2 |
$1,280,124 |
$433,976
$51,077 |
$795,071 |
| 3 |
$1,344,114 |
$457,653
$53,630 |
$832,831 |
| 4 |
$1,411,344 |
$482,528
$56,313 |
$872,503 |
| 5 |
$1,481,895 |
$508,632
$59,128 |
$914,135 |
| 6 |
$1,556,010 |
$536,054
$62,085 |
$957,871 |
| 7 |
$1,633,770 |
$564,825
$65,187 |
$1,003,758 |
| 8 |
$1,715,499 |
$595,065
$68,448 |
$1,051,986 |
| 9 |
$1,801,278 |
$626,803
$71,871 |
$1,102,604 |
| 10 |
$1,891,350 |
$660,130
$75,465 |
$1,155,755 |
| 11 |
$1,985,877 |
$695,105
$79,236 |
$1,211,536 |
| 12 |
$2,085,183 |
$731,848
$83,199 |
$1,270,136 |
| 13 |
$2,189,430 |
$770,419
$87,358 |
$1,331,653 |
| 14 |
$2,298,942 |
$810,939
$91,728 |
$1,396,275 |
| 15 |
$2,413,881 |
$853,466
$96,314 |
$1,464,101 |
| 16 |
$2,534,571 |
$898,122
$101,129 |
$1,535,320 |
| 17 |
$2,661,255 |
$944,995
$106,184 |
$1,610,076 |
| 18 |
$2,794,338 |
$994,235
$111,494 |
$1,688,609 |
| 19 |
$2,934,063 |
$1,045,934
$117,069 |
$1,771,060 |
| 20 |
$3,080,754 |
$1,100,209
$122,922 |
$1,857,623 |
| 21 |
$3,234,816 |
$1,157,212
$129,069 |
$1,948,535 |
| 22 |
$3,396,573 |
$1,217,062
$135,523 |
$2,043,988 |
| 23 |
$3,566,349 |
$1,279,880
$142,297 |
$2,144,172 |
| 24 |
$3,744,711 |
$1,345,873
$149,414 |
$2,249,424 |
| 25 |
$3,931,902 |
$1,415,134
$156,883 |
$2,359,885 |
| 26 |
$4,128,570 |
$1,487,901
$164,730 |
$2,475,939 |
| 27 |
$4,334,958 |
$1,564,265
$172,965 |
$2,597,728 |
| 28 |
$4,551,714 |
$1,644,465
$181,613 |
$2,725,636 |
| 29 |
$4,779,324 |
$1,728,680
$190,695 |
$2,859,949 |
| 30 |
$5,018,274 |
$1,817,092
$200,229 |
$3,000,953 |
|
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