USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,142,526$112,142$1,949,401
2$3,332,232$1,189,946$116,628$2,025,658
3$3,465,521$1,239,263$121,293$2,104,965
4$3,604,142$1,290,553$126,145$2,187,444
5$3,748,307$1,343,894$131,191$2,273,223
6$3,898,240$1,399,369$136,438$2,362,432
7$4,054,169$1,457,063$141,896$2,455,210
8$4,216,336$1,517,065$147,572$2,551,700
9$4,384,989$1,579,466$153,475$2,652,048
10$4,560,389$1,644,364$159,614$2,756,411
11$4,742,805$1,711,858$165,998$2,864,948
12$4,932,517$1,782,051$172,638$2,977,827
13$5,129,817$1,855,053$179,544$3,095,221
14$5,335,010$1,930,974$186,725$3,217,311
15$5,548,411$2,009,932$194,194$3,344,284
16$5,770,347$2,092,049$201,962$3,476,336
17$6,001,161$2,177,450$210,041$3,613,670
18$6,241,207$2,266,267$218,442$3,756,498
19$6,490,856$2,358,637$227,180$3,905,039
20$6,750,490$2,454,701$236,267$4,059,521
21$7,020,509$2,554,609$245,718$4,220,183
22$7,301,330$2,658,512$255,547$4,387,271
23$7,593,383$2,766,572$265,768$4,561,043
24$7,897,118$2,878,954$276,399$4,741,765
25$8,213,003$2,995,831$287,455$4,929,716
26$8,541,523$3,117,384$298,953$5,125,186
27$8,883,184$3,243,798$310,911$5,328,474
28$9,238,511$3,375,269$323,348$5,539,894
29$9,608,052$3,511,999$336,282$5,759,771
30$9,992,374$3,654,199$349,733$5,988,442
Total$179,700,000$65,199,608$6,289,499$108,210,892

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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.