The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Sat Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(3.99%) | $8,734,110 | | Net Lumpsum Payment | $129,212,560 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$289,458 |
$4,320,598 |
| 2 |
$7,617,528 |
$2,778,816
$303,939 |
$4,534,773 |
| 3 |
$7,998,308 |
$2,919,704
$319,132 |
$4,759,472 |
| 4 |
$8,398,368 |
$3,067,727
$335,095 |
$4,995,546 |
| 5 |
$8,818,190 |
$3,223,061
$351,846 |
$5,243,283 |
| 6 |
$9,259,220 |
$3,386,242
$369,443 |
$5,503,535 |
| 7 |
$9,721,940 |
$3,557,448
$387,905 |
$5,776,587 |
| 8 |
$10,208,278 |
$3,737,393
$407,310 |
$6,063,575 |
| 9 |
$10,718,716 |
$3,926,255
$427,677 |
$6,364,784 |
| 10 |
$11,254,700 |
$4,124,569
$449,063 |
$6,681,068 |
| 11 |
$11,817,194 |
$4,332,692
$471,506 |
$7,012,996 |
| 12 |
$12,408,126 |
$4,551,337
$495,084 |
$7,361,705 |
| 13 |
$13,028,460 |
$4,780,861
$519,836 |
$7,727,763 |
| 14 |
$13,680,124 |
$5,021,976
$545,837 |
$8,112,311 |
| 15 |
$14,364,082 |
$5,275,041
$573,127 |
$8,515,914 |
| 16 |
$15,082,262 |
$5,540,767
$601,782 |
$8,939,713 |
| 17 |
$15,836,110 |
$5,819,691
$631,861 |
$9,384,558 |
| 18 |
$16,628,036 |
$6,112,704
$663,459 |
$9,851,873 |
| 19 |
$17,459,486 |
$6,420,340
$696,633 |
$10,342,513 |
| 20 |
$18,332,388 |
$6,743,314
$731,462 |
$10,857,612 |
| 21 |
$19,249,152 |
$7,082,517
$768,041 |
$11,398,594 |
| 22 |
$20,211,706 |
$7,438,662
$806,447 |
$11,966,597 |
| 23 |
$21,221,978 |
$7,812,462
$846,757 |
$12,562,759 |
| 24 |
$22,283,342 |
$8,205,167
$889,105 |
$13,189,070 |
| 25 |
$23,397,244 |
$8,617,311
$933,550 |
$13,846,383 |
| 26 |
$24,567,540 |
$9,050,320
$980,245 |
$14,536,975 |
| 27 |
$25,795,676 |
$9,504,731
$1,029,247 |
$15,261,698 |
| 28 |
$27,085,508 |
$9,981,968
$1,080,712 |
$16,022,828 |
| 29 |
$28,439,928 |
$10,483,104
$1,134,753 |
$16,822,071 |
| 30 |
$29,861,828 |
$11,009,207
$1,191,487 |
$17,661,134 |
|
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