The jackpot for the Powerball draw on Sat May 30, 2026, is projected to be $172 Million, with an option for a cash payout of $75.6 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 May 30, 2026 |
|---|
| Draw Date | Sat May 30, 2026 | | Projected Jackpot | $172,000,000 | | Cash Value | $75,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,600,000 | | Federal Tax(24%) | $18,144,000 | | Additional Federal Tax | $9,788,330 | | State Tax(3.99%) | $3,016,440 | | Net Lumpsum Payment | $44,651,230 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,588,772 |
$918,176
$103,292 |
$1,567,304 |
| 2 |
$2,718,288 |
$966,097
$108,460 |
$1,643,731 |
| 3 |
$2,854,168 |
$1,016,373
$113,881 |
$1,723,914 |
| 4 |
$2,996,928 |
$1,069,194
$119,577 |
$1,808,157 |
| 5 |
$3,146,740 |
$1,124,624
$125,555 |
$1,896,561 |
| 6 |
$3,304,120 |
$1,182,855
$131,834 |
$1,989,431 |
| 7 |
$3,469,240 |
$1,243,949
$138,423 |
$2,086,868 |
| 8 |
$3,642,788 |
$1,308,162
$145,347 |
$2,189,279 |
| 9 |
$3,824,936 |
$1,375,557
$152,615 |
$2,296,764 |
| 10 |
$4,016,200 |
$1,446,324
$160,246 |
$2,409,630 |
| 11 |
$4,216,924 |
$1,520,592
$168,255 |
$2,528,077 |
| 12 |
$4,427,796 |
$1,598,615
$176,669 |
$2,652,512 |
| 13 |
$4,649,160 |
$1,680,520
$185,501 |
$2,783,139 |
| 14 |
$4,881,704 |
$1,766,561
$194,780 |
$2,920,363 |
| 15 |
$5,125,772 |
$1,856,866
$204,518 |
$3,064,388 |
| 16 |
$5,382,052 |
$1,951,690
$214,744 |
$3,215,618 |
| 17 |
$5,651,060 |
$2,051,223
$225,477 |
$3,374,360 |
| 18 |
$5,933,656 |
$2,155,783
$236,753 |
$3,541,120 |
| 19 |
$6,230,356 |
$2,265,562
$248,591 |
$3,716,203 |
| 20 |
$6,541,848 |
$2,380,814
$261,020 |
$3,900,014 |
| 21 |
$6,868,992 |
$2,501,857
$274,073 |
$4,093,062 |
| 22 |
$7,212,476 |
$2,628,947
$287,778 |
$4,295,751 |
| 23 |
$7,572,988 |
$2,762,336
$302,162 |
$4,508,490 |
| 24 |
$7,951,732 |
$2,902,471
$317,274 |
$4,731,987 |
| 25 |
$8,349,224 |
$3,049,543
$333,134 |
$4,966,547 |
| 26 |
$8,766,840 |
$3,204,061
$349,797 |
$5,212,982 |
| 27 |
$9,205,096 |
$3,366,216
$367,283 |
$5,471,597 |
| 28 |
$9,665,368 |
$3,536,517
$385,648 |
$5,743,203 |
| 29 |
$10,148,688 |
$3,715,345
$404,933 |
$6,028,410 |
| 30 |
$10,656,088 |
$3,903,083
$425,178 |
$6,327,827 |
|
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