USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Sep 23, 1992

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The tax information provided here is based on 2026 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 $9,300,000 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 money, as well as deductions claimed.

State:

Ohio

Drawing Date:Wed, Sep 23, 1992
Jackpot:$9,300,000
Federal Tax:37% marginal rate
State Tax: 2.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,820$32,395$4,560$128,865
2$172,453$33,987$4,742$133,724
3$179,351$35,642$4,932$138,776
4$186,525$37,364$5,129$144,031
5$193,986$39,155$5,335$149,497
6$201,745$41,017$5,548$155,180
7$209,815$43,597$5,770$160,448
8$218,208$46,282$6,001$165,925
9$226,936$49,076$6,241$171,620
10$236,013$51,980$6,490$177,543
11$245,454$55,001$6,750$183,703
12$255,272$58,143$7,020$190,109
13$265,483$61,688$7,301$196,494
14$276,102$65,405$7,593$203,104
15$287,146$69,271$7,897$209,979
16$298,632$73,291$8,212$217,129
17$310,578$77,471$8,541$224,565
18$323,001$81,819$8,883$232,299
19$335,921$86,342$9,238$240,341
20$349,358$91,044$9,607$248,706
21$363,332$95,935$9,992$257,405
22$377,865$101,022$10,391$266,452
23$392,980$106,312$10,807$275,861
24$408,699$111,814$11,239$285,646
25$425,047$117,536$11,689$295,822
26$442,049$123,486$12,156$306,406
27$459,731$129,675$12,643$317,413
28$478,120$136,111$13,148$328,860
29$497,245$142,805$13,674$340,766
30$517,135$149,766$14,221$353,147
Total$9,300,000$2,344,432$255,750$6,699,816

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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.