The jackpot for the Powerball draw on Mon Feb 23, 2026, is projected to be $203 Million, with an option for a cash payout of $94.6 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 Mon Feb 23, 2026 |
|---|
| Draw Date | Mon Feb 23, 2026 | | Projected Jackpot | $203,000,000 | | Cash Value | $94,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,600,000 | | Federal Tax(24%) | $22,704,000 | | Additional Federal Tax | $12,258,330 | | State Tax(3.99%) | $3,774,540 | | Net Lumpsum Payment | $55,863,130 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$121,909 |
$1,842,633 |
| 2 |
$3,208,212 |
$1,147,369
$128,008 |
$1,932,835 |
| 3 |
$3,368,582 |
$1,206,706
$134,406 |
$2,027,470 |
| 4 |
$3,537,072 |
$1,269,047
$141,129 |
$2,126,896 |
| 5 |
$3,713,885 |
$1,334,468
$148,184 |
$2,231,233 |
| 6 |
$3,899,630 |
$1,403,193
$155,595 |
$2,340,842 |
| 7 |
$4,094,510 |
$1,475,299
$163,371 |
$2,455,840 |
| 8 |
$4,299,337 |
$1,551,085
$171,544 |
$2,576,708 |
| 9 |
$4,514,314 |
$1,630,627
$180,121 |
$2,703,566 |
| 10 |
$4,740,050 |
$1,714,149
$189,128 |
$2,836,773 |
| 11 |
$4,976,951 |
$1,801,802
$198,580 |
$2,976,569 |
| 12 |
$5,225,829 |
$1,893,887
$208,511 |
$3,123,431 |
| 13 |
$5,487,090 |
$1,990,554
$218,935 |
$3,277,601 |
| 14 |
$5,761,546 |
$2,092,102
$229,886 |
$3,439,558 |
| 15 |
$6,049,603 |
$2,198,683
$241,379 |
$3,609,541 |
| 16 |
$6,352,073 |
$2,310,597
$253,448 |
$3,788,028 |
| 17 |
$6,669,565 |
$2,428,069
$266,116 |
$3,975,380 |
| 18 |
$7,003,094 |
$2,551,475
$279,423 |
$4,172,196 |
| 19 |
$7,353,269 |
$2,681,040
$293,395 |
$4,378,834 |
| 20 |
$7,720,902 |
$2,817,064
$308,064 |
$4,595,774 |
| 21 |
$8,107,008 |
$2,959,923
$323,470 |
$4,823,615 |
| 22 |
$8,512,399 |
$3,109,918
$339,645 |
$5,062,836 |
| 23 |
$8,937,887 |
$3,267,349
$356,622 |
$5,313,916 |
| 24 |
$9,384,893 |
$3,432,741
$374,457 |
$5,577,695 |
| 25 |
$9,854,026 |
$3,606,320
$393,176 |
$5,854,530 |
| 26 |
$10,346,910 |
$3,788,687
$412,842 |
$6,145,381 |
| 27 |
$10,864,154 |
$3,980,067
$433,480 |
$6,450,607 |
| 28 |
$11,407,382 |
$4,181,062
$455,155 |
$6,771,165 |
| 29 |
$11,977,812 |
$4,392,121
$477,915 |
$7,107,776 |
| 30 |
$12,576,662 |
$4,613,695
$501,809 |
$7,461,158 |
|
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