Ohio State Tax on Lottery Winnings

Free Ohio lottery tax calculator for Powerball and Mega Millions. Ohio taxes lottery winnings at 2.75% (top marginal rate).

Current Powerball $302M jackpot, single filer

$82.83M

Actual take-home: 27.4% of what they advertise

Official Lottery

Ohio Lottery ↗

www.ohiolottery.com

State Budget FY2024

$100B

~$8,475 per resident ↗

The Best Lottery Tax Calculator

What you'd actually take home.

Lottery tax calculator for Powerball, Mega Millions, and every state.

Lotteries advertise the jackpot, never the after-tax cash, so pick your game, state, and filing status to see what you'd really keep after federal and state taxes.

Advertised jackpot29-yr annuity
$302M
Marketed as $302,000,000.
Almost nobody takes the annuity, and even if you did, the tax math barely changes.
What you actually keepafter taxes
$82,833,568
Lump-sum, in Ohio · Single
27.4% kept · 72.6% taken by the government
StateOhio
GamePowerball
Filing statusSingle
Single

Standard deduction: $16,100. All lottery income is taxed at your individual rate. This is the most common filing status for winners.

$17,819,257 surprise tax bill due next April. The IRS only withholds 24% upfront, but lottery wins push you into the top 37% bracket. The difference comes out of your pocket when you file, and most winners never see it coming.
You keep 27.4% · $82.8MTaken 72.6% · $54.6M
Cash option
46%
$137.4M lump sum
Federal effective
37.0%
$50.8M owed
Ohio tax
2.75%
$3.8M owed
Total taken
72.6%
$54.6M
Jackpot odds
1 in 292M
Per single ticket
Next draw
Jun 20
Mon · Wed · Sat
Step 01 · Itemized breakdown

From advertised to deposit, line by line.

Federal withholding hits first, then your full bracket math, then the state. Every row updates when you change the controls above. Sources are cited on each row.

Advertised jackpot
Paid as an annuity over 29 years. Fewer than 5% of winners pick this option.Lottery commission
$302,000,000
Lump-sum cash (46%)
The cash value of the annuity, paid as a single check on day one.Lottery cash option
$137,410,000
Federal withholding (24%)
The IRS takes this off the top before you ever see the money.IRS Publication 525
−$32,978,400
Additional federal tax owed in April
Big lottery wins push you into the 37% top bracket. Your effective federal rate is 37.0%. Due April 15.IRS 2026 brackets
−$17,819,257
Ohio state tax (2.75%)
The top state rate applied to the full lump sum.State revenue department
−$3,778,775
What you actually take home
27.43% of the advertised jackpot.Net deposit
$82,833,568
Step 02 · The odds

Even winning is statistically a stretch.

Set 1 of 6

How unlikely is "unlikely"?

1 / 6
1 in 292M
Your odds of winning the Powerball jackpot on one ticket
Powerball.com
19,098×
More likely to be struck by lightning in your lifetime than to win
NOAA, lifetime risk
1 in 15,300
Lifetime odds of getting struck by lightning, which already feels unlikely
NOAA, National Weather Service
1 in 1,000,000
Odds of a lightning strike this year. Still 300 times easier than winning
NOAA, annual risk
Step 03 · 36 facts

The math most ticket buyers never see.

Eleven pages, three facts each. Every number comes from official odds, IRS 2026 brackets, FY2024 federal spending, and lottery cash-option ratios.

Page 1 of 12 · auto-advances every 15s

The wait

1 / 12
800,004 yrs
Of buying one ticket every day before you would statistically win
10,127 lifetimes
Of daily tickets to expect a win, at 79 years per human life
1 in 292.2M
Your exact odds. Every drawing is identical, no streaks
Step 04 · Browse by state

All 50 states + DC, ranked by lottery tax bite.

10 states · no lottery taxHighest: Hawaii, Massachusetts, Minnesota, New Jersey, New York, Oregon, Washington DC

Ohio lottery winnings tax overview

The Ohio state tax on lottery winnings is 2.75%, well below the national median for states that collect a lottery tax. This puts Ohio at number 39 out of 41 taxed states, which means a larger share of your Powerball or Mega Millions prize stays in your pocket once the federal lottery tax of up to 37% is settled. The Ohio lottery tax calculator above shows the exact lump sum take home for any current jackpot.

How the Ohio lottery payout calculator works

In Ohio, the lottery payout calculation begins with the lump sum cash option, which equals roughly 45% of the advertised jackpot. The IRS withholds 24% federal lottery tax at the moment of payout, but a Powerball or Mega Millions prize pushes the winner into the 37% top federal bracket, so additional federal tax comes due at filing. On top of that, Ohio taxes lottery winnings at 2.75% of the full lump sum. The lottery payout calculator above runs all of this math for you, using IRS 2026 brackets and the top marginal Ohio lottery tax rate.

How Ohio compares to other lottery tax states

Ohio's 2.75% lottery tax rate ranks number 39 out of 41 taxed states. States with a higher lottery tax rate than Ohio include Louisiana and Indiana. States with a lower rate include Arizona and North Dakota. For context, 10 states collect no lottery tax at all, which means a Powerball or Mega Millions winner in one of those states keeps an extra 2.75% of their lump sum compared to a winner in Ohio.

Ohio lottery tax FAQs

What is the Ohio state tax on lottery winnings?

Ohio taxes lottery winnings at a top marginal rate of 2.75%. This rate applies to the lump sum cash option from any Powerball or Mega Millions prize, and it is paid in addition to the federal lottery tax of up to 37% at the highest bracket. The lottery tax calculator above shows the exact dollar amount for any current jackpot.

Should I take the lump sum or annuity in Ohio?

Most Powerball and Mega Millions winners choose the lump sum cash option. In Ohio, both options face the same 2.75% state lottery tax rate, but the annuity spreads the tax across 30 years while the lump sum delivers the full cash value now. The lottery payout calculator above shows the lump sum after taxes; the annuity choice is a separate financial decision based on personal goals and investment return assumptions.

Does Ohio withhold tax on a lottery payout before payment?

The IRS withholds 24% federal lottery tax on any lottery prize above $5,000 before the winner ever sees the check. Ohio also withholds state tax at or near the 2.75% top rate at the moment of payout. The remaining federal balance, up to the 37% top bracket, then comes due in April when the winner files a federal return.

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