Powerball Payout Calculator Ohio
Ohio taxes lottery winnings at 2.75% on top of federal tax. Ohio completed its move to a flat 2.75% income tax in 2026, which applies to lottery prizes; 4% may be withheld up front. (as of Jan 2026)
Calculate your exact Ohio payout →Example: what a jackpot is worth in Ohio
After-tax estimates using 2.75% state tax, the 2026 federal brackets (24% withheld up front, 37% top rate), and a lump sum cash value of 47% of the advertised jackpot.
| Advertised jackpot | Lump sum net | Annuity net (30-yr total) | First annuity payment (net) |
|---|---|---|---|
| $100M | $28,361,543 | $61,571,282 | $950,892 |
| $500M | $141,631,543 | $302,571,282 | $4,578,288 |
| $1B | $283,219,043 | $603,821,282 | $9,112,532 |
How Ohio compares
Eleven jurisdictions take no state tax on lottery wins (including Texas, Florida, and California). Among states that do tax, rates run from 2.5% (North Dakota, Arizona) to 10.9% (New York). See the full 51-state comparison table or read lump sum vs annuity: which to take.
Ohio lottery tax FAQ
How much tax does Ohio take from lottery winnings?
Ohio completed its move to a flat 2.75% income tax in 2026, which applies to lottery prizes; 4% may be withheld up front.
What would I actually take home from a $500 million jackpot in Ohio?
Taking the lump sum (cash value about 47% of the jackpot), you would clear roughly $141,631,543 after federal and state taxes. Taking the 30-year annuity, the after-tax total is roughly $302,571,282, paid in 30 growing installments.
Is the federal tax the same in Ohio as everywhere else?
Yes. Federal treatment is identical nationwide: 24% is withheld on prizes over $5,000, and jackpot-size winnings reach the 37% top bracket (income above $640,600 for a single filer in 2026), so the remainder is due when you file.
Do I pay Ohio tax if I bought the ticket somewhere else?
State withholding follows the state of purchase. If you live in Ohio but bought the winning ticket in another state, that state withholds first — Ohio then taxes you as a resident with a credit for tax paid there (rules vary; confirm with a tax professional).