USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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The tax information provided here is based on 2025 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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$12,668$253,053
2$376,429$101,297$13,175$261,957
3$391,486$106,567$13,702$271,217
4$407,146$112,048$14,250$280,847
5$423,431$117,748$14,820$290,863
6$440,369$123,676$15,413$301,280
7$457,983$129,841$16,029$312,113
8$476,303$136,253$16,671$323,379
9$495,355$142,921$17,337$335,096
10$515,169$149,856$18,031$347,282
11$535,776$157,069$18,752$359,955
12$557,207$164,570$19,502$373,135
13$579,495$172,371$20,282$386,842
14$602,675$180,484$21,094$401,098
15$626,782$188,930$21,937$415,915
16$651,853$198,206$22,815$430,832
17$677,927$207,853$23,727$446,347
18$705,045$217,887$24,677$462,481
19$733,246$228,321$25,664$479,261
20$762,576$239,173$26,690$496,713
21$793,079$250,460$27,758$514,862
22$824,802$262,197$28,868$533,737
23$857,795$274,404$30,023$553,367
24$892,106$287,100$31,224$573,783
25$927,791$300,303$32,473$595,015
26$964,902$314,034$33,772$617,097
27$1,003,498$328,315$35,122$640,061
28$1,043,638$343,166$36,527$663,944
29$1,085,384$358,612$37,988$688,783
30$1,128,799$374,676$39,508$714,615
Total$20,300,000$6,264,568$710,499$13,324,930

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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.