![]() ![]() Use our Powerball payout and tax calculator to find out how much taxes you need to pay if you win the Powerball jackpot – for both cash and annuity options. How much tax do you pay on Ohio lottery winnings?īy law, Ohio lottery will withhold 24% of winnings for federal taxes and 4.0% for state income taxes. ![]() ![]() ET on Wednesdays and Saturdays, approximately an hour before the draw. Ticket sales for Ohio Powerball stop at 10:00 p.m. How late can you buy Powerball tickets in Ohio? Ohio Powerball drawings are held every Wednesday and Saturday at 11:00 p.m. The table below shows the payout schedule for a jackpot of 295,000,000 for a ticket purchased in Ohio, including taxes withheld. Refer to the chart above for detailed Ohio Powerball payouts and prize amounts. A single ticket in Ohio matched all six numbers in the Wednesday night Powerball® drawing to win a jackpot worth 252.6 million. The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year. You win $1 million when you match all of the 5 white balls but not the Powerball number.īy adding Power Play ®, for $1 more per play, you can multiply all non-jackpot prizes by 2X, 3X, 4X, 5X or 10X. To win the Powerball jackpot, match all 5 white balls and also the Powerball number. Ohio Powerball FAQs How do you win Ohio Powerball? Powerball Calculator: Payout, Tax & Annuity Explained.Mega Millions Payout Calculator: Payout, Tax & Annuity Explained.Lottery Odds Calculator: Calculate Your Odds of Winning The Lottery. ![]()
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