USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Sep 8, 2010

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

The tax information provided here is based on 2024 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 $63,700,000 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 8, 2010
Jackpot:$63,700,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,135,777$378,425$39,752$717,600
2$1,181,208$395,235$41,342$744,631
3$1,228,457$412,717$42,996$772,744
4$1,277,595$430,898$44,716$801,981
5$1,328,699$449,806$46,504$832,388
6$1,381,847$469,471$48,365$864,011
7$1,437,121$489,922$50,299$896,899
8$1,494,605$511,192$52,311$931,103
9$1,554,390$533,312$54,404$966,674
10$1,616,565$556,317$56,580$1,003,669
11$1,681,228$580,242$58,843$1,042,143
12$1,748,477$605,124$61,197$1,082,156
13$1,818,416$631,002$63,645$1,123,770
14$1,891,153$657,914$66,190$1,167,048
15$1,966,799$685,903$68,838$1,212,058
16$2,045,471$715,012$71,591$1,258,867
17$2,127,290$745,285$74,455$1,307,550
18$2,212,381$776,769$77,433$1,358,179
19$2,300,876$809,512$80,531$1,410,834
20$2,392,911$843,565$83,752$1,465,595
21$2,488,628$878,980$87,102$1,522,546
22$2,588,173$915,812$90,586$1,581,775
23$2,691,700$954,117$94,210$1,643,374
24$2,799,368$993,954$97,978$1,707,436
25$2,911,343$1,035,385$101,897$1,774,061
26$3,027,796$1,078,472$105,973$1,843,351
27$3,148,908$1,123,284$110,212$1,915,413
28$3,274,865$1,169,888$114,620$1,990,357
29$3,405,859$1,218,356$119,205$2,068,298
30$3,542,094$1,268,762$123,973$2,149,358
Total$63,700,000$22,314,633$2,229,500$39,155,869

◄ Back to Jackpot Analysis

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.