USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Oct 11, 2023

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The tax information provided here is based on 2025 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 $1,764,900,000 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 money, as well as deductions claimed.

State:

Ohio

Drawing Date:Wed, Oct 11, 2023
Jackpot:$1,764,900,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$26,564,278$9,785,803$929,750$15,848,725
2$27,892,492$10,277,242$976,237$16,639,012
3$29,287,116$10,793,253$1,025,049$17,468,814
4$30,751,473$11,335,065$1,076,302$18,340,106
5$32,289,045$11,903,967$1,130,117$19,254,961
6$33,903,498$12,501,314$1,186,622$20,215,561
7$35,598,674$13,128,530$1,245,954$21,224,191
8$37,378,607$13,787,105$1,308,251$22,283,251
9$39,247,537$14,478,609$1,373,664$23,395,264
10$41,209,914$15,204,688$1,442,347$24,562,878
11$43,270,410$15,967,072$1,514,464$25,788,874
12$45,433,930$16,767,574$1,590,188$27,076,168
13$47,705,626$17,608,102$1,669,697$28,427,827
14$50,090,908$18,490,656$1,753,182$29,847,070
15$52,595,453$19,417,338$1,840,841$31,337,274
16$55,225,226$20,390,354$1,932,883$32,901,989
17$57,986,487$21,412,020$2,029,527$34,544,939
18$60,885,811$22,484,770$2,131,003$36,270,038
19$63,930,102$23,611,158$2,237,554$38,081,390
20$67,126,607$24,793,865$2,349,431$39,983,311
21$70,482,937$26,035,707$2,466,903$41,980,327
22$74,007,084$27,339,641$2,590,248$44,077,195
23$77,707,439$28,708,773$2,719,760$46,278,906
24$81,592,810$30,146,360$2,855,748$48,590,701
25$85,672,450$31,655,827$2,998,536$51,018,087
26$89,956,074$33,240,768$3,148,463$53,566,844
27$94,453,878$34,904,955$3,305,886$56,243,037
28$99,176,570$36,652,351$3,471,180$59,053,039
29$104,135,399$38,487,118$3,644,739$62,003,542
30$109,342,170$40,413,623$3,826,976$65,101,571
Total$1,764,900,004$651,723,608$61,771,502$1,051,404,892

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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.