USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jan 20, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $730,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Ohio

Drawing Date:Wed, Jan 20, 2021
Jackpot:$730,000,000
Federal Tax:37% marginal rate
State Tax: 4.797%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,987,548$4,029,465$527,073$6,431,010
2$11,536,925$4,232,735$553,426$6,750,764
3$12,113,771$4,446,168$581,098$7,086,506
4$12,719,460$4,670,273$610,153$7,439,035
5$13,355,432$4,905,582$640,660$7,809,190
6$14,023,204$5,152,658$672,693$8,197,853
7$14,724,365$5,412,087$706,328$8,605,950
8$15,460,583$5,684,488$741,644$9,034,451
9$16,233,612$5,970,509$778,726$9,484,377
10$17,045,293$6,270,831$817,663$9,956,799
11$17,897,557$6,586,169$858,546$10,452,843
12$18,792,435$6,917,273$901,473$10,973,689
13$19,732,057$7,264,933$946,547$11,520,577
14$20,718,660$7,629,976$993,874$12,094,809
15$21,754,593$8,013,272$1,043,568$12,697,753
16$22,842,323$8,415,732$1,095,746$13,330,845
17$23,984,438$8,838,314$1,150,534$13,995,590
18$25,183,660$9,282,027$1,208,060$14,693,574
19$26,442,843$9,747,924$1,268,463$15,426,456
20$27,764,986$10,237,117$1,331,886$16,195,982
21$29,153,235$10,750,769$1,398,481$17,003,985
22$30,610,897$11,290,104$1,468,405$17,852,388
23$32,141,442$11,856,406$1,541,825$18,743,211
24$33,748,513$12,451,022$1,618,916$19,678,575
25$35,435,939$13,075,370$1,699,862$20,660,707
26$37,207,736$13,730,935$1,784,855$21,691,947
27$39,068,123$14,419,278$1,874,098$22,774,748
28$41,021,529$15,142,038$1,967,803$23,911,688
29$43,072,605$15,900,936$2,066,193$25,105,476
30$45,226,236$16,697,780$2,169,503$26,358,954
Total$730,000,001$269,022,171$35,018,102$425,959,732

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.