3.50% state lottery tax
Ohio Powerball Tax Calculator
Last updated:
Ohio applies a 3.50% state lottery tax — among the lowest in the country. A winner in Ohio keeps a noticeably larger share of the prize than peers in 9.85%+ states like Minnesota, Oregon, or New York.
Note: 3.50% top rate
Ohio after-tax take-home by jackpot tier
24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.
| Advertised | Cash take-home | Cash effective | Annuity take-home |
|---|---|---|---|
| $100M | $35.8M | 40.36% | $59.6M |
| $300M | $107.2M | 40.45% | $178.6M |
| $500M | $178.6M | 40.47% | $297.6M |
| $700M | $250.0M | 40.48% | $416.6M |
| $1B | $357.1M | 40.49% | $595.1M |
| $1.5B | $535.6M | 40.49% | $892.6M |
| $2B | $714.1M | 40.49% | $1.2B |
Ohio vs neighboring states ($1B cash)
| State | Rate | Cash take-home |
|---|---|---|
| Ohio (OH) | 3.5% | $357.1M |
| Michigan (MI) | 4.25% | $352.6M |
| Indiana (IN) | 3.15% | $359.2M |
| Pennsylvania (PA) | 3.07% | $359.7M |