USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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

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 $235,200,000 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:Sat, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$146,777$2,537,028
2$4,361,385$1,571,900$152,648$2,636,836
3$4,535,840$1,636,449$158,754$2,740,637
4$4,717,274$1,703,579$165,105$2,848,590
5$4,905,965$1,773,395$171,709$2,960,861
6$5,102,203$1,846,003$178,577$3,077,623
7$5,306,292$1,921,516$185,720$3,199,056
8$5,518,543$2,000,049$193,149$3,325,345
9$5,739,285$2,081,723$200,875$3,456,687
10$5,968,856$2,166,665$208,910$3,593,282
11$6,207,611$2,255,004$217,266$3,735,341
12$6,455,915$2,346,876$225,957$3,883,082
13$6,714,152$2,442,424$234,995$4,036,732
14$6,982,718$2,541,793$244,395$4,196,529
15$7,262,026$2,645,138$254,171$4,362,718
16$7,552,507$2,752,616$264,338$4,535,554
17$7,854,608$2,864,393$274,911$4,715,304
18$8,168,792$2,980,641$285,908$4,902,244
19$8,495,544$3,101,539$297,344$5,096,661
20$8,835,366$3,227,273$309,238$5,298,855
21$9,188,780$3,358,036$321,607$5,509,136
22$9,556,331$3,494,030$334,472$5,727,829
23$9,938,585$3,635,464$347,850$5,955,270
24$10,336,128$3,782,555$361,764$6,191,808
25$10,749,573$3,935,530$376,235$6,437,808
26$11,179,556$4,094,623$391,284$6,693,648
27$11,626,738$4,260,081$406,936$6,959,722
28$12,091,808$4,432,157$423,213$7,236,438
29$12,575,480$4,611,115$440,142$7,524,223
30$13,078,499$4,797,233$457,747$7,823,519
Total$235,200,000$85,769,634$8,231,997$141,198,366

◄ 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.