USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 3.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$171,758$2,577,255
2$4,519,946$1,635,335$180,346$2,704,265
3$4,745,943$1,718,954$189,363$2,837,626
4$4,983,241$1,806,754$198,831$2,977,655
5$5,232,402$1,898,944$208,773$3,124,686
6$5,494,023$1,995,743$219,211$3,279,068
7$5,768,724$2,097,383$230,172$3,441,169
8$6,057,160$2,204,104$241,681$3,611,375
9$6,360,018$2,316,162$253,765$3,790,092
10$6,678,019$2,433,822$266,453$3,977,744
11$7,011,920$2,557,365$279,776$4,174,779
12$7,362,516$2,687,086$293,764$4,381,666
13$7,730,641$2,823,292$308,453$4,598,897
14$8,117,174$2,966,309$323,875$4,826,989
15$8,523,032$3,116,477$340,069$5,066,486
16$8,949,184$3,274,153$357,072$5,317,958
17$9,396,643$3,439,713$374,926$5,582,004
18$9,866,475$3,613,551$393,672$5,859,252
19$10,359,799$3,796,081$413,356$6,150,362
20$10,877,789$3,987,737$434,024$6,456,028
21$11,421,678$4,188,976$455,725$6,776,977
22$11,992,762$4,400,277$478,511$7,113,974
23$12,592,400$4,622,143$502,437$7,467,820
24$13,222,020$4,855,102$527,559$7,839,359
25$13,883,121$5,099,710$553,937$8,229,475
26$14,577,278$5,356,548$581,633$8,639,096
27$15,306,141$5,626,227$610,715$9,069,199
28$16,071,448$5,909,391$641,251$9,520,807
29$16,875,021$6,206,713$673,313$9,994,995
30$17,718,772$6,518,901$706,979$10,492,892
Total$286,000,001$104,708,651$11,411,400$169,879,950

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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.