USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Ohio

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $80,000,000 would be for a resident of Ohio, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Ohio

Drawing Date:  Sat, Feb 28, 2015
Jackpot:$80,000,000
Federal Tax:  25%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$356,602$57,056$1,012,750
2$1,483,464$370,866$59,339$1,053,260
3$1,542,803$385,701$61,712$1,095,390
4$1,604,515$401,129$64,181$1,139,206
5$1,668,696$417,174$66,748$1,184,774
6$1,735,443$433,861$69,418$1,232,165
7$1,804,861$451,215$72,194$1,281,451
8$1,877,056$469,264$75,082$1,332,709
9$1,952,138$488,034$78,086$1,386,018
10$2,030,223$507,556$81,209$1,441,459
11$2,111,432$527,858$84,457$1,499,117
12$2,195,889$548,972$87,836$1,559,082
13$2,283,725$570,931$91,349$1,621,445
14$2,375,074$593,769$95,003$1,686,303
15$2,470,077$617,519$98,803$1,753,755
16$2,568,880$642,220$102,755$1,823,905
17$2,671,635$667,909$106,865$1,896,861
18$2,778,501$694,625$111,140$1,972,736
19$2,889,641$722,410$115,586$2,051,645
20$3,005,226$751,307$120,209$2,133,711
21$3,125,435$781,359$125,017$2,219,059
22$3,250,453$812,613$130,018$2,307,822
23$3,380,471$845,118$135,219$2,400,134
24$3,515,690$878,922$140,628$2,496,140
25$3,656,317$914,079$146,253$2,595,985
26$3,802,570$950,643$152,103$2,699,825
27$3,954,673$988,668$158,187$2,807,818
28$4,112,860$1,028,215$164,514$2,920,130
29$4,277,374$1,069,344$171,095$3,036,936
30$4,448,469$1,112,117$177,939$3,158,413
Total$80,000,000$20,000,000$3,200,000$56,800,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^

The best selection at discount prices BOOKS & DVDs
Huge discounts!



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2015 Speednet Group.  All rights reserved.