USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$55,791$862,169
2$1,468,192$506,186$58,581$903,425
3$1,541,602$533,348$61,510$946,744
4$1,618,682$561,867$64,585$992,229
5$1,699,616$591,813$67,815$1,039,988
6$1,784,597$623,256$71,205$1,090,136
7$1,873,827$656,271$74,766$1,142,790
8$1,967,518$690,937$78,504$1,198,077
9$2,065,894$727,336$82,429$1,256,129
10$2,169,189$765,555$86,551$1,317,083
11$2,277,648$805,685$90,878$1,381,085
12$2,391,530$847,821$95,422$1,448,287
13$2,511,107$892,065$100,193$1,518,849
14$2,636,662$938,520$105,203$1,592,939
15$2,768,495$987,298$110,463$1,670,734
16$2,906,920$1,038,515$115,986$1,752,419
17$3,052,266$1,092,293$121,785$1,838,187
18$3,204,880$1,148,760$127,875$1,928,244
19$3,365,123$1,208,051$134,268$2,022,804
20$3,533,380$1,270,305$140,982$2,122,092
21$3,710,049$1,335,673$148,031$2,226,345
22$3,895,551$1,404,309$155,432$2,335,810
23$4,090,329$1,476,377$163,204$2,450,748
24$4,294,845$1,552,048$171,364$2,571,433
25$4,509,587$1,631,502$179,933$2,698,152
26$4,735,067$1,714,930$188,929$2,831,208
27$4,971,820$1,802,528$198,376$2,970,916
28$5,220,411$1,894,507$208,294$3,117,610
29$5,481,432$1,991,085$218,709$3,271,638
30$5,755,503$2,092,491$229,645$3,433,367
Total$92,900,000$33,261,650$3,706,709$55,931,637

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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.