USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Ohio

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$268,927$4,014,338
2$7,077,034$2,581,458$282,374$4,213,203
3$7,430,886$2,712,383$296,492$4,422,011
4$7,802,430$2,849,854$311,317$4,641,259
5$8,192,552$2,994,199$326,883$4,871,470
6$8,602,179$3,145,761$343,227$5,113,191
7$9,032,289$3,304,902$360,388$5,366,998
8$9,483,903$3,471,999$378,408$5,633,496
9$9,958,098$3,647,451$397,328$5,913,319
10$10,456,003$3,831,676$417,195$6,207,132
11$10,978,803$4,025,112$438,054$6,515,637
12$11,527,743$4,228,220$459,957$6,839,566
13$12,104,130$4,441,483$482,955$7,179,692
14$12,709,337$4,665,410$507,103$7,536,825
15$13,344,804$4,900,532$532,458$7,911,814
16$14,012,044$5,147,411$559,081$8,305,552
17$14,712,646$5,406,634$587,035$8,718,977
18$15,448,278$5,678,818$616,386$9,153,074
19$16,220,692$5,964,611$647,206$9,608,875
20$17,031,727$6,264,694$679,566$10,087,467
21$17,883,313$6,579,781$713,544$10,589,988
22$18,777,479$6,910,622$749,221$11,117,635
23$19,716,353$7,258,006$786,682$11,671,665
24$20,702,170$7,622,758$826,017$12,253,396
25$21,737,279$8,005,748$867,317$12,864,213
26$22,824,143$8,407,888$910,683$13,505,572
27$23,965,350$8,830,135$956,217$14,178,998
28$25,163,617$9,273,493$1,004,028$14,886,096
29$26,421,798$9,739,020$1,054,230$15,628,548
30$27,742,888$10,227,824$1,106,941$16,408,123
Total$447,800,001$164,574,650$17,867,220$265,358,130

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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.