USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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

The tax information provided here is based on 2022 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: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$127,842$1,927,766
2$3,332,232$1,195,881$132,956$2,003,395
3$3,465,521$1,245,198$138,274$2,082,049
4$3,604,142$1,296,487$143,805$2,163,849
5$3,748,307$1,349,829$149,557$2,248,921
6$3,898,240$1,405,304$155,540$2,337,396
7$4,054,169$1,462,998$161,761$2,429,410
8$4,216,336$1,522,999$168,232$2,525,105
9$4,384,989$1,585,401$174,961$2,624,627
10$4,560,389$1,650,299$181,960$2,728,131
11$4,742,805$1,717,793$189,238$2,835,774
12$4,932,517$1,787,986$196,807$2,947,723
13$5,129,817$1,860,987$204,680$3,064,150
14$5,335,010$1,936,909$212,867$3,185,234
15$5,548,411$2,015,867$221,382$3,311,162
16$5,770,347$2,097,983$230,237$3,442,127
17$6,001,161$2,183,384$239,446$3,578,330
18$6,241,207$2,272,202$249,024$3,719,981
19$6,490,856$2,364,572$258,985$3,867,299
20$6,750,490$2,460,636$269,345$4,020,509
21$7,020,509$2,560,543$280,118$4,179,848
22$7,301,330$2,664,447$291,323$4,345,560
23$7,593,383$2,772,507$302,976$4,517,900
24$7,897,118$2,884,889$315,095$4,697,134
25$8,213,003$3,001,766$327,699$4,883,538
26$8,541,523$3,123,319$340,807$5,077,398
27$8,883,184$3,249,733$354,439$5,279,012
28$9,238,511$3,381,204$368,617$5,488,691
29$9,608,052$3,517,934$383,361$5,706,756
30$9,992,374$3,660,133$398,696$5,933,545
Total$179,700,000$65,377,650$7,170,030$107,152,320

◄ 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.