USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $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 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: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,450,832$235,901$4,053,299
2$7,077,034$2,575,523$247,696$4,253,815
3$7,430,886$2,706,448$260,081$4,464,357
4$7,802,430$2,843,920$273,085$4,685,426
5$8,192,552$2,988,264$286,739$4,917,548
6$8,602,179$3,139,827$301,076$5,161,276
7$9,032,289$3,298,967$316,130$5,417,191
8$9,483,903$3,466,064$331,937$5,685,902
9$9,958,098$3,641,517$348,533$5,968,048
10$10,456,003$3,825,741$365,960$6,264,301
11$10,978,803$4,019,177$384,258$6,575,368
12$11,527,743$4,222,285$403,471$6,901,987
13$12,104,130$4,435,548$423,645$7,244,937
14$12,709,337$4,659,475$444,827$7,605,035
15$13,344,804$4,894,598$467,068$7,983,138
16$14,012,044$5,141,477$490,422$8,380,146
17$14,712,646$5,400,699$514,943$8,797,004
18$15,448,278$5,672,883$540,690$9,234,705
19$16,220,692$5,958,676$567,724$9,694,292
20$17,031,727$6,258,759$596,110$10,176,857
21$17,883,313$6,573,846$625,916$10,683,551
22$18,777,479$6,904,687$657,212$11,215,580
23$19,716,353$7,252,071$690,072$11,774,210
24$20,702,170$7,616,823$724,576$12,360,771
25$21,737,279$7,999,813$760,805$12,976,661
26$22,824,143$8,401,953$798,845$13,623,345
27$23,965,350$8,824,200$838,787$14,302,363
28$25,163,617$9,267,559$880,727$15,015,332
29$26,421,798$9,733,086$924,763$15,763,950
30$27,742,888$10,221,889$971,001$16,549,998
Total$447,800,001$164,396,607$15,673,000$267,730,393

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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.