USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for May 11, 2011

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

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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$40,688$734,681
2$1,209,023$404,359$42,316$762,349
3$1,257,384$422,252$44,008$791,123
4$1,307,680$440,862$45,769$821,049
5$1,359,987$460,215$47,600$852,172
6$1,414,386$480,343$49,504$884,540
7$1,470,962$501,276$51,484$918,202
8$1,529,800$523,046$53,543$953,211
9$1,590,992$545,687$55,685$989,620
10$1,654,632$569,234$57,912$1,027,486
11$1,720,817$593,723$60,229$1,066,866
12$1,789,650$619,191$62,638$1,107,821
13$1,861,236$645,678$65,143$1,150,415
14$1,935,685$673,224$67,749$1,194,713
15$2,013,113$701,872$70,459$1,240,782
16$2,093,637$731,666$73,277$1,288,694
17$2,177,383$762,652$76,208$1,338,522
18$2,264,478$794,877$79,257$1,390,344
19$2,355,057$828,391$82,427$1,444,239
20$2,449,259$863,246$85,724$1,500,289
21$2,547,230$899,495$89,153$1,558,582
22$2,649,119$937,194$92,719$1,619,206
23$2,755,084$976,401$96,428$1,682,255
24$2,865,287$1,017,177$100,285$1,747,826
25$2,979,899$1,059,583$104,296$1,816,019
26$3,099,095$1,103,685$108,468$1,886,941
27$3,223,058$1,149,552$112,807$1,960,700
28$3,351,981$1,197,253$117,319$2,037,408
29$3,486,060$1,246,862$122,012$2,117,185
30$3,625,502$1,298,456$126,893$2,200,154
Total$65,200,000$22,834,606$2,282,000$40,083,394

◄ 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.