USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Mar 27, 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 $122,200,000 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:Mon, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$637,556$64,375$1,137,355
2$1,931,250$671,583$67,594$1,192,073
3$2,027,812$707,311$70,973$1,249,528
4$2,129,203$744,825$74,522$1,309,855
5$2,235,663$784,215$78,248$1,373,199
6$2,347,446$825,575$82,161$1,439,710
7$2,464,818$869,003$86,269$1,509,547
8$2,588,059$914,602$90,582$1,582,875
9$2,717,462$962,481$95,111$1,659,870
10$2,853,335$1,012,754$99,867$1,740,714
11$2,996,002$1,065,541$104,860$1,825,601
12$3,145,802$1,120,967$110,103$1,914,732
13$3,303,092$1,179,164$115,608$2,008,320
14$3,468,247$1,240,272$121,389$2,106,587
15$3,641,659$1,304,434$127,458$2,209,767
16$3,823,742$1,371,805$133,831$2,318,106
17$4,014,929$1,442,544$140,523$2,431,863
18$4,215,676$1,516,820$147,549$2,551,307
19$4,426,460$1,594,810$154,926$2,676,723
20$4,647,783$1,676,700$162,672$2,808,410
21$4,880,172$1,762,684$170,806$2,946,682
22$5,124,180$1,852,967$179,346$3,091,867
23$5,380,389$1,947,764$188,314$3,244,311
24$5,649,409$2,047,301$197,729$3,404,378
25$5,931,879$2,151,816$207,616$3,572,448
26$6,228,473$2,261,555$217,997$3,748,921
27$6,539,897$2,376,782$228,896$3,934,218
28$6,866,892$2,497,770$240,341$4,128,780
29$7,210,236$2,624,808$252,358$4,333,070
30$7,570,748$2,758,197$264,976$4,547,575
Total$122,200,000$43,924,606$4,277,000$73,998,392

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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.