USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$29,393$541,492
2$873,390$281,342$30,569$561,479
3$908,325$294,268$31,791$582,266
4$944,658$307,711$33,063$603,884
5$982,444$321,692$34,386$626,367
6$1,021,742$336,232$35,761$649,749
7$1,062,612$351,354$37,191$674,066
8$1,105,116$367,081$38,679$699,357
9$1,149,321$383,437$40,226$725,658
10$1,195,294$400,447$41,835$753,012
11$1,243,106$418,137$43,509$781,460
12$1,292,830$436,535$45,249$811,046
13$1,344,543$455,669$47,059$841,815
14$1,398,325$475,568$48,941$873,816
15$1,454,258$496,263$50,899$907,096
16$1,512,428$517,786$52,935$941,707
17$1,572,925$540,170$55,052$977,703
18$1,635,842$563,449$57,254$1,015,138
19$1,701,276$587,660$59,545$1,054,071
20$1,769,327$612,839$61,926$1,094,562
21$1,840,100$639,025$64,404$1,136,672
22$1,913,704$666,258$66,980$1,180,466
23$1,990,252$694,581$69,659$1,226,012
24$2,069,862$724,037$72,445$1,273,380
25$2,152,657$754,671$75,343$1,322,643
26$2,238,763$786,530$78,357$1,373,876
27$2,328,314$819,664$81,491$1,427,159
28$2,421,446$854,123$84,751$1,482,573
29$2,518,304$889,960$88,141$1,540,203
30$2,619,036$927,231$91,666$1,600,139
Total$47,100,000$16,172,633$1,648,500$29,278,867

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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.