USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$841,696$83,686$1,465,634
2$2,486,657$877,083$87,033$1,522,541
3$2,586,123$913,886$90,514$1,581,723
4$2,689,568$952,160$94,135$1,643,273
5$2,797,151$991,966$97,900$1,707,285
6$2,909,037$1,033,364$101,816$1,773,857
7$3,025,398$1,076,418$105,889$1,843,092
8$3,146,414$1,121,194$110,125$1,915,096
9$3,272,271$1,167,760$114,529$1,989,981
10$3,403,162$1,216,190$119,111$2,067,861
11$3,539,288$1,266,557$123,875$2,148,856
12$3,680,860$1,318,938$128,830$2,233,091
13$3,828,094$1,373,415$133,983$2,320,696
14$3,981,218$1,430,071$139,343$2,411,804
15$4,140,467$1,488,993$144,916$2,506,557
16$4,306,085$1,550,272$150,713$2,605,100
17$4,478,329$1,614,002$156,742$2,707,585
18$4,657,462$1,680,281$163,011$2,814,170
19$4,843,760$1,749,212$169,532$2,925,017
20$5,037,511$1,820,899$176,313$3,040,299
21$5,239,011$1,895,454$183,365$3,160,191
22$5,448,572$1,972,992$190,700$3,284,880
23$5,666,514$2,053,631$198,328$3,414,556
24$5,893,175$2,137,495$206,261$3,549,419
25$6,128,902$2,224,714$214,512$3,689,676
26$6,374,058$2,315,422$223,092$3,835,544
27$6,629,020$2,409,758$232,016$3,987,247
28$6,894,181$2,507,867$241,296$4,145,018
29$7,169,948$2,609,901$250,948$4,309,099
30$7,456,746$2,716,016$260,986$4,479,744
Total$134,100,000$48,327,607$4,693,500$81,078,892

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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.