The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(3.99%) | $2,513,700 | | Net Lumpsum Payment | $37,215,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$84,075 |
$1,283,093 |
| 2 |
$2,212,560 |
$778,978
$88,281 |
$1,345,301 |
| 3 |
$2,323,160 |
$819,900
$92,694 |
$1,410,566 |
| 4 |
$2,439,360 |
$862,894
$97,330 |
$1,479,136 |
| 5 |
$2,561,300 |
$908,011
$102,196 |
$1,551,093 |
| 6 |
$2,689,400 |
$955,408
$107,307 |
$1,626,685 |
| 7 |
$2,823,800 |
$1,005,136
$112,670 |
$1,705,994 |
| 8 |
$2,965,060 |
$1,057,403
$118,306 |
$1,789,351 |
| 9 |
$3,113,320 |
$1,112,259
$124,221 |
$1,876,840 |
| 10 |
$3,269,000 |
$1,169,860
$130,433 |
$1,968,707 |
| 11 |
$3,432,380 |
$1,230,311
$136,952 |
$2,065,117 |
| 12 |
$3,604,020 |
$1,293,818
$143,800 |
$2,166,402 |
| 13 |
$3,784,200 |
$1,360,484
$150,990 |
$2,272,726 |
| 14 |
$3,973,480 |
$1,430,518
$158,542 |
$2,384,420 |
| 15 |
$4,172,140 |
$1,504,022
$166,468 |
$2,501,650 |
| 16 |
$4,380,740 |
$1,581,204
$174,792 |
$2,624,744 |
| 17 |
$4,599,700 |
$1,662,219
$183,528 |
$2,753,953 |
| 18 |
$4,829,720 |
$1,747,327
$192,706 |
$2,889,687 |
| 19 |
$5,071,220 |
$1,836,682
$202,342 |
$3,032,196 |
| 20 |
$5,324,760 |
$1,930,492
$212,458 |
$3,181,810 |
| 21 |
$5,591,040 |
$2,029,015
$223,082 |
$3,338,943 |
| 22 |
$5,870,620 |
$2,132,460
$234,238 |
$3,503,922 |
| 23 |
$6,164,060 |
$2,241,033
$245,946 |
$3,677,081 |
| 24 |
$6,472,340 |
$2,355,096
$258,246 |
$3,858,998 |
| 25 |
$6,795,880 |
$2,474,806
$271,156 |
$4,049,918 |
| 26 |
$7,135,800 |
$2,600,576
$284,718 |
$4,250,506 |
| 27 |
$7,492,520 |
$2,732,563
$298,952 |
$4,461,005 |
| 28 |
$7,867,160 |
$2,871,180
$313,900 |
$4,682,080 |
| 29 |
$8,260,560 |
$3,016,738
$329,596 |
$4,914,226 |
| 30 |
$8,673,560 |
$3,169,548
$346,075 |
$5,157,937 |
|
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