The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(3.99%) | $8,805,930 | | Net Lumpsum Payment | $130,274,740 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$280,450 |
$4,187,374 |
| 2 |
$7,380,468 |
$2,691,104
$294,481 |
$4,394,883 |
| 3 |
$7,749,398 |
$2,827,608
$309,201 |
$4,612,589 |
| 4 |
$8,137,008 |
$2,971,023
$324,667 |
$4,841,318 |
| 5 |
$8,543,765 |
$3,121,523
$340,896 |
$5,081,346 |
| 6 |
$8,971,070 |
$3,279,626
$357,946 |
$5,333,498 |
| 7 |
$9,419,390 |
$3,445,505
$375,834 |
$5,598,051 |
| 8 |
$9,890,593 |
$3,619,850
$394,635 |
$5,876,108 |
| 9 |
$10,385,146 |
$3,802,834
$414,367 |
$6,167,945 |
| 10 |
$10,904,450 |
$3,994,977
$435,088 |
$6,474,385 |
| 11 |
$11,449,439 |
$4,196,623
$456,833 |
$6,795,983 |
| 12 |
$12,021,981 |
$4,408,463
$479,677 |
$7,133,841 |
| 13 |
$12,623,010 |
$4,630,844
$503,658 |
$7,488,508 |
| 14 |
$13,254,394 |
$4,864,456
$528,850 |
$7,861,088 |
| 15 |
$13,917,067 |
$5,109,645
$555,291 |
$8,252,131 |
| 16 |
$14,612,897 |
$5,367,102
$583,055 |
$8,662,740 |
| 17 |
$15,343,285 |
$5,637,346
$612,197 |
$9,093,742 |
| 18 |
$16,110,566 |
$5,921,240
$642,812 |
$9,546,514 |
| 19 |
$16,916,141 |
$6,219,303
$674,954 |
$10,021,884 |
| 20 |
$17,761,878 |
$6,532,225
$708,699 |
$10,520,954 |
| 21 |
$18,650,112 |
$6,860,872
$744,139 |
$11,045,101 |
| 22 |
$19,582,711 |
$7,205,933
$781,350 |
$11,595,428 |
| 23 |
$20,561,543 |
$7,568,101
$820,406 |
$12,173,036 |
| 24 |
$21,589,877 |
$7,948,585
$861,436 |
$12,779,856 |
| 25 |
$22,669,114 |
$8,347,903
$904,498 |
$13,416,713 |
| 26 |
$23,802,990 |
$8,767,437
$949,739 |
$14,085,814 |
| 27 |
$24,992,906 |
$9,207,706
$997,217 |
$14,787,983 |
| 28 |
$26,242,598 |
$9,670,092
$1,047,080 |
$15,525,426 |
| 29 |
$27,554,868 |
$10,155,632
$1,099,439 |
$16,299,797 |
| 30 |
$28,932,518 |
$10,665,362
$1,154,407 |
$17,112,749 |
|
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