USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jun 16, 2007

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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 $65,800,000 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:Sat, Jun 16, 2007
Jackpot:$65,800,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,173,221$391,112$41,063$741,046
2$1,220,149$408,476$42,705$768,969
3$1,268,955$426,534$44,413$798,008
4$1,319,714$445,314$46,190$828,209
5$1,372,502$464,846$48,038$859,618
6$1,427,402$485,159$49,959$892,284
7$1,484,498$506,285$51,957$926,256
8$1,543,878$528,255$54,036$961,587
9$1,605,633$551,105$56,197$998,332
10$1,669,859$574,868$58,445$1,036,546
11$1,736,653$599,582$60,783$1,076,288
12$1,806,119$625,284$63,214$1,117,621
13$1,878,364$652,015$65,743$1,160,606
14$1,953,498$679,815$68,372$1,205,311
15$2,031,638$708,726$71,107$1,251,805
16$2,112,904$738,795$73,952$1,300,158
17$2,197,420$770,066$76,910$1,350,445
18$2,285,317$802,587$79,986$1,402,743
19$2,376,730$836,410$83,186$1,457,134
20$2,471,799$871,586$86,513$1,513,700
21$2,570,671$908,168$89,973$1,572,529
22$2,673,497$946,214$93,572$1,633,711
23$2,780,437$985,782$97,315$1,697,340
24$2,891,655$1,026,933$101,208$1,763,514
25$3,007,321$1,069,729$105,256$1,832,336
26$3,127,614$1,114,237$109,466$1,903,910
27$3,252,718$1,160,526$113,845$1,978,347
28$3,382,827$1,208,666$118,399$2,055,762
29$3,518,140$1,258,732$123,135$2,136,273
30$3,658,866$1,310,801$128,060$2,220,005
Total$65,800,000$23,056,608$2,302,998$40,440,393

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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.