The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(3.99%) | $3,475,290 | | Net Lumpsum Payment | $51,437,380 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$116,504 |
$1,762,699 |
| 2 |
$3,065,976 |
$1,094,742
$122,332 |
$1,848,902 |
| 3 |
$3,219,236 |
$1,151,448
$128,448 |
$1,939,340 |
| 4 |
$3,380,256 |
$1,211,025
$134,872 |
$2,034,359 |
| 5 |
$3,549,230 |
$1,273,545
$141,614 |
$2,134,071 |
| 6 |
$3,726,740 |
$1,339,224
$148,697 |
$2,238,819 |
| 7 |
$3,912,980 |
$1,408,133
$156,128 |
$2,348,719 |
| 8 |
$4,108,726 |
$1,480,559
$163,938 |
$2,464,229 |
| 9 |
$4,314,172 |
$1,556,574
$172,135 |
$2,585,463 |
| 10 |
$4,529,900 |
$1,636,393
$180,743 |
$2,712,764 |
| 11 |
$4,756,298 |
$1,720,161
$189,776 |
$2,846,361 |
| 12 |
$4,994,142 |
$1,808,163
$199,266 |
$2,986,713 |
| 13 |
$5,243,820 |
$1,900,544
$209,228 |
$3,134,048 |
| 14 |
$5,506,108 |
$1,997,590
$219,694 |
$3,288,824 |
| 15 |
$5,781,394 |
$2,099,446
$230,678 |
$3,451,270 |
| 16 |
$6,070,454 |
$2,206,398
$242,211 |
$3,621,845 |
| 17 |
$6,373,870 |
$2,318,662
$254,317 |
$3,800,891 |
| 18 |
$6,692,612 |
$2,436,597
$267,035 |
$3,988,980 |
| 19 |
$7,027,262 |
$2,560,417
$280,388 |
$4,186,457 |
| 20 |
$7,378,596 |
$2,690,411
$294,406 |
$4,393,779 |
| 21 |
$7,747,584 |
$2,826,936
$309,129 |
$4,611,519 |
| 22 |
$8,135,002 |
$2,970,281
$324,587 |
$4,840,134 |
| 23 |
$8,541,626 |
$3,120,732
$340,811 |
$5,080,083 |
| 24 |
$8,968,814 |
$3,278,792
$357,856 |
$5,332,166 |
| 25 |
$9,417,148 |
$3,444,675
$375,744 |
$5,596,729 |
| 26 |
$9,888,180 |
$3,618,957
$394,538 |
$5,874,685 |
| 27 |
$10,382,492 |
$3,801,852
$414,261 |
$6,166,379 |
| 28 |
$10,901,636 |
$3,993,936
$434,975 |
$6,472,725 |
| 29 |
$11,446,776 |
$4,195,638
$456,726 |
$6,794,412 |
| 30 |
$12,019,076 |
$4,407,389
$479,561 |
$7,132,126 |
|
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