USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$37,381$677,286
2$1,110,744$369,163$38,876$702,705
3$1,155,174$385,602$40,431$729,141
4$1,201,381$402,699$42,048$756,634
5$1,249,436$420,479$43,730$785,227
6$1,299,413$438,971$45,479$814,963
7$1,351,390$458,202$47,299$845,889
8$1,405,445$478,203$49,191$878,052
9$1,461,663$499,003$51,158$911,502
10$1,520,130$520,636$53,205$946,289
11$1,580,935$543,134$55,333$982,468
12$1,644,172$566,531$57,546$1,020,095
13$1,709,939$590,865$59,848$1,059,226
14$1,778,337$616,172$62,242$1,099,923
15$1,849,470$642,492$64,731$1,142,247
16$1,923,449$669,864$67,321$1,186,264
17$2,000,387$698,331$70,014$1,232,042
18$2,080,402$727,937$72,814$1,279,652
19$2,163,619$758,727$75,727$1,329,165
20$2,250,163$790,748$78,756$1,380,659
21$2,340,170$824,051$81,906$1,434,213
22$2,433,777$858,685$85,182$1,489,909
23$2,531,128$894,705$88,589$1,547,833
24$2,632,373$932,166$92,133$1,608,074
25$2,737,668$971,125$95,818$1,670,724
26$2,847,174$1,011,642$99,651$1,735,881
27$2,961,061$1,053,780$103,637$1,803,644
28$3,079,504$1,097,604$107,783$1,874,117
29$3,202,684$1,143,181$112,094$1,947,409
30$3,330,791$1,190,581$116,578$2,023,633
Total$59,900,000$20,908,635$2,096,501$36,894,866

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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.