The jackpot for the Powerball draw on Sat Mar 14, 2026, is projected to be $75 Million, with an option for a cash payout of $34.6 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 Mar 14, 2026 |
|---|
| Draw Date | Sat Mar 14, 2026 | | Projected Jackpot | $75,000,000 | | Cash Value | $34,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,600,000 | | Federal Tax(24%) | $8,304,000 | | Additional Federal Tax | $4,458,330 | | State Tax(3.99%) | $1,380,540 | | Net Lumpsum Payment | $20,457,130 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,128,825 |
$377,996
$45,040 |
$705,789 |
| 2 |
$1,185,300 |
$398,891
$47,293 |
$739,116 |
| 3 |
$1,244,550 |
$420,814
$49,658 |
$774,078 |
| 4 |
$1,306,800 |
$443,846
$52,141 |
$810,813 |
| 5 |
$1,372,125 |
$468,017
$54,748 |
$849,360 |
| 6 |
$1,440,750 |
$493,408
$57,486 |
$889,856 |
| 7 |
$1,512,750 |
$520,048
$60,359 |
$932,343 |
| 8 |
$1,588,425 |
$548,048
$63,378 |
$976,999 |
| 9 |
$1,667,850 |
$577,435
$66,547 |
$1,023,868 |
| 10 |
$1,751,250 |
$608,293
$69,875 |
$1,073,082 |
| 11 |
$1,838,775 |
$640,677
$73,367 |
$1,124,731 |
| 12 |
$1,930,725 |
$674,699
$77,036 |
$1,178,990 |
| 13 |
$2,027,250 |
$710,413
$80,887 |
$1,235,950 |
| 14 |
$2,128,650 |
$747,931
$84,933 |
$1,295,786 |
| 15 |
$2,235,075 |
$787,308
$89,179 |
$1,358,588 |
| 16 |
$2,346,825 |
$828,656
$93,638 |
$1,424,531 |
| 17 |
$2,464,125 |
$872,057
$98,319 |
$1,493,749 |
| 18 |
$2,587,350 |
$917,650
$103,235 |
$1,566,465 |
| 19 |
$2,716,725 |
$965,519
$108,397 |
$1,642,809 |
| 20 |
$2,852,550 |
$1,015,774
$113,817 |
$1,722,959 |
| 21 |
$2,995,200 |
$1,068,554
$119,508 |
$1,807,138 |
| 22 |
$3,144,975 |
$1,123,971
$125,485 |
$1,895,519 |
| 23 |
$3,302,175 |
$1,182,135
$131,757 |
$1,988,283 |
| 24 |
$3,467,325 |
$1,243,241
$138,346 |
$2,085,738 |
| 25 |
$3,640,650 |
$1,307,371
$145,262 |
$2,188,017 |
| 26 |
$3,822,750 |
$1,374,748
$152,528 |
$2,295,474 |
| 27 |
$4,013,850 |
$1,445,455
$160,153 |
$2,408,242 |
| 28 |
$4,214,550 |
$1,519,714
$168,161 |
$2,526,675 |
| 29 |
$4,425,300 |
$1,597,691
$176,569 |
$2,651,040 |
| 30 |
$4,646,550 |
$1,679,554
$185,397 |
$2,781,599 |
|
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