USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 4.797%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$206,208$2,537,894
2$4,513,624$1,634,113$216,519$2,662,993
3$4,739,306$1,717,615$227,344$2,794,346
4$4,976,271$1,805,293$238,712$2,932,267
5$5,225,084$1,897,353$250,647$3,077,084
6$5,486,339$1,994,018$263,180$3,229,141
7$5,760,656$2,095,515$276,339$3,388,802
8$6,048,688$2,202,087$290,156$3,556,446
9$6,351,123$2,313,988$304,663$3,732,472
10$6,668,679$2,431,483$319,897$3,917,299
11$7,002,113$2,554,854$335,891$4,111,368
12$7,352,219$2,684,393$352,686$4,315,139
13$7,719,829$2,820,409$370,320$4,529,100
14$8,105,821$2,963,226$388,836$4,753,759
15$8,511,112$3,113,184$408,278$4,989,650
16$8,936,668$3,270,639$428,692$5,237,336
17$9,383,501$3,435,968$450,127$5,497,407
18$9,852,676$3,609,562$472,633$5,770,481
19$10,345,310$3,791,837$496,265$6,057,208
20$10,862,575$3,983,225$521,078$6,358,272
21$11,405,704$4,184,183$547,132$6,674,390
22$11,975,989$4,395,188$574,488$7,006,313
23$12,574,789$4,616,744$603,213$7,354,832
24$13,203,528$4,849,378$633,373$7,720,777
25$13,863,704$5,093,643$665,042$8,105,020
26$14,556,890$5,350,121$698,294$8,508,474
27$15,284,734$5,619,424$733,209$8,932,102
28$16,048,971$5,902,191$769,869$9,376,910
29$16,851,419$6,199,097$808,363$9,843,959
30$17,693,990$6,510,849$848,781$10,334,361
Total$285,600,001$104,594,167$13,700,235$167,305,602

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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.