USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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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 $325,400,000 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, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$195,420$2,927,200
2$5,142,624$1,865,726$205,191$3,071,707
3$5,399,755$1,960,864$215,450$3,223,440
4$5,669,743$2,060,760$226,223$3,382,760
5$5,953,230$2,165,650$237,534$3,550,046
6$6,250,891$2,275,785$249,411$3,725,696
7$6,563,436$2,391,426$261,881$3,910,129
8$6,891,608$2,512,850$274,975$4,103,783
9$7,236,188$2,640,345$288,724$4,307,120
10$7,597,998$2,774,214$303,160$4,520,623
11$7,977,898$2,914,777$318,318$4,744,802
12$8,376,792$3,062,368$334,234$4,980,190
13$8,795,632$3,217,339$350,946$5,227,347
14$9,235,414$3,380,058$368,493$5,486,863
15$9,697,184$3,550,913$386,918$5,759,353
16$10,182,044$3,730,311$406,264$6,045,469
17$10,691,146$3,918,679$426,577$6,345,890
18$11,225,703$4,116,465$447,906$6,661,332
19$11,786,988$4,324,141$470,301$6,992,547
20$12,376,337$4,542,200$493,816$7,340,322
21$12,995,154$4,771,162$518,507$7,705,486
22$13,644,912$5,011,572$544,432$8,088,908
23$14,327,158$5,264,003$571,654$8,491,501
24$15,043,515$5,529,056$600,236$8,914,223
25$15,795,691$5,807,361$630,248$9,358,082
26$16,585,476$6,099,581$661,760$9,824,134
27$17,414,750$6,406,412$694,849$10,313,489
28$18,285,487$6,728,585$729,591$10,827,311
29$19,199,761$7,066,867$766,070$11,366,824
30$20,159,750$7,422,062$804,374$11,933,313
Total$325,400,001$119,286,650$12,983,463$193,129,890

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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.