USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $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$842,864$83,686$1,464,467
2$2,486,657$878,251$87,033$1,521,373
3$2,586,123$915,053$90,514$1,580,556
4$2,689,568$953,328$94,135$1,642,105
5$2,797,151$993,134$97,900$1,706,117
6$2,909,037$1,034,531$101,816$1,772,689
7$3,025,398$1,077,585$105,889$1,841,924
8$3,146,414$1,122,361$110,125$1,913,929
9$3,272,271$1,168,928$114,529$1,988,813
10$3,403,162$1,217,358$119,111$2,066,693
11$3,539,288$1,267,724$123,875$2,147,689
12$3,680,860$1,320,106$128,830$2,231,924
13$3,828,094$1,374,583$133,983$2,319,528
14$3,981,218$1,431,238$139,343$2,410,637
15$4,140,467$1,490,160$144,916$2,505,390
16$4,306,085$1,551,439$150,713$2,603,933
17$4,478,329$1,615,169$156,742$2,706,418
18$4,657,462$1,681,449$163,011$2,813,002
19$4,843,760$1,750,379$169,532$2,923,850
20$5,037,511$1,822,067$176,313$3,039,131
21$5,239,011$1,896,622$183,365$3,159,024
22$5,448,572$1,974,159$190,700$3,283,712
23$5,666,514$2,054,798$198,328$3,413,388
24$5,893,175$2,138,663$206,261$3,548,251
25$6,128,902$2,225,881$214,512$3,688,509
26$6,374,058$2,316,589$223,092$3,834,377
27$6,629,020$2,410,925$232,016$3,986,079
28$6,894,181$2,509,035$241,296$4,143,850
29$7,169,948$2,611,069$250,948$4,307,932
30$7,456,746$2,717,184$260,986$4,478,576
Total$134,100,000$48,362,632$4,693,500$81,043,866

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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.