The jackpot for the Powerball draw on Mon Dec 8, 2025, is projected to be $875 Million, with an option for a cash payout of $403.6 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 Mon Dec 8, 2025 |
|---|
| Draw Date | Mon Dec 8, 2025 | | Projected Jackpot | $875,000,000 | | Cash Value | $403,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $403,600,000 | | Federal Tax(24%) | $96,864,000 | | Additional Federal Tax | $52,428,330 | | State Tax(3.99%) | $16,103,640 | | Net Lumpsum Payment | $238,204,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,169,625 |
$4,833,092
$525,468 |
$7,811,065 |
| 2 |
$13,828,500 |
$5,076,875
$551,757 |
$8,199,868 |
| 3 |
$14,519,750 |
$5,332,638
$579,338 |
$8,607,774 |
| 4 |
$15,246,000 |
$5,601,350
$608,315 |
$9,036,335 |
| 5 |
$16,008,125 |
$5,883,337
$638,724 |
$9,486,064 |
| 6 |
$16,808,750 |
$6,179,568
$670,669 |
$9,958,513 |
| 7 |
$17,648,750 |
$6,490,368
$704,185 |
$10,454,197 |
| 8 |
$18,531,625 |
$6,817,032
$739,412 |
$10,975,181 |
| 9 |
$19,458,250 |
$7,159,883
$776,384 |
$11,521,983 |
| 10 |
$20,431,250 |
$7,519,893
$815,207 |
$12,096,150 |
| 11 |
$21,452,375 |
$7,897,709
$855,950 |
$12,698,716 |
| 12 |
$22,525,125 |
$8,294,627
$898,752 |
$13,331,746 |
| 13 |
$23,651,250 |
$8,711,293
$943,685 |
$13,996,272 |
| 14 |
$24,834,250 |
$9,149,003
$990,887 |
$14,694,360 |
| 15 |
$26,075,875 |
$9,608,404
$1,040,427 |
$15,427,044 |
| 16 |
$27,379,625 |
$10,090,792
$1,092,447 |
$16,196,386 |
| 17 |
$28,748,125 |
$10,597,137
$1,147,050 |
$17,003,938 |
| 18 |
$30,185,750 |
$11,129,058
$1,204,411 |
$17,852,281 |
| 19 |
$31,695,125 |
$11,687,527
$1,264,635 |
$18,742,963 |
| 20 |
$33,279,750 |
$12,273,838
$1,327,862 |
$19,678,050 |
| 21 |
$34,944,000 |
$12,889,610
$1,394,266 |
$20,660,124 |
| 22 |
$36,691,375 |
$13,536,139
$1,463,986 |
$21,691,250 |
| 23 |
$38,525,375 |
$14,214,719
$1,537,162 |
$22,773,494 |
| 24 |
$40,452,125 |
$14,927,617
$1,614,040 |
$23,910,468 |
| 25 |
$42,474,250 |
$15,675,803
$1,694,723 |
$25,103,724 |
| 26 |
$44,598,750 |
$16,461,868
$1,779,490 |
$26,357,392 |
| 27 |
$46,828,250 |
$17,286,783
$1,868,447 |
$27,673,020 |
| 28 |
$49,169,750 |
$18,153,138
$1,961,873 |
$29,054,739 |
| 29 |
$51,628,500 |
$19,062,875
$2,059,977 |
$30,505,648 |
| 30 |
$54,209,750 |
$20,017,938
$2,162,969 |
$32,028,843 |
|
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