USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 $2,040,100,000 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:Mon, Nov 7, 2022
Jackpot:$2,040,100,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$1,225,187$18,156,911
2$32,241,755$11,892,404$1,286,446$19,062,904
3$33,853,842$12,488,876$1,350,768$20,014,197
4$35,546,535$13,115,173$1,418,307$21,013,055
5$37,323,860$13,772,783$1,489,222$22,061,855
6$39,190,054$14,463,275$1,563,683$23,163,096
7$41,149,558$15,188,291$1,641,867$24,319,399
8$43,207,035$15,949,558$1,723,961$25,533,516
9$45,367,387$16,748,888$1,810,159$26,808,340
10$47,635,756$17,588,185$1,900,667$28,146,904
11$50,017,544$18,469,446$1,995,700$29,552,398
12$52,518,421$19,394,771$2,095,485$31,028,165
13$55,144,342$20,366,361$2,200,259$32,577,721
14$57,901,559$21,386,532$2,310,272$34,204,755
15$60,796,637$22,457,711$2,425,786$35,913,140
16$63,836,469$23,582,449$2,547,075$37,706,945
17$67,028,291$24,763,423$2,674,429$39,590,440
18$70,379,706$26,003,446$2,808,150$41,568,110
19$73,898,691$27,305,471$2,948,558$43,644,663
20$77,593,627$28,672,597$3,095,986$45,825,044
21$81,473,307$30,108,079$3,250,785$48,114,444
22$85,546,973$31,615,335$3,413,324$50,518,314
23$89,824,322$33,197,954$3,583,990$53,042,377
24$94,315,537$34,859,704$3,763,190$55,692,643
25$99,031,314$36,604,541$3,951,349$58,475,423
26$103,982,881$38,436,621$4,148,917$61,397,343
27$109,182,025$40,360,304$4,356,363$64,465,358
28$114,641,124$42,380,171$4,574,181$67,686,773
29$120,373,181$44,501,032$4,802,890$71,069,259
30$126,391,841$46,727,936$5,043,034$74,620,871
Total$2,040,100,004$753,725,652$81,399,990$1,204,974,363

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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.