USA Mega

Ohio Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $181,100,000 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 money, as well as deductions claimed.

State:

Ohio

Drawing Date:Wed, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$95,404$1,664,840
2$2,862,106$1,015,999$100,174$1,745,933
3$3,005,211$1,068,948$105,182$1,831,080
4$3,155,472$1,124,545$110,442$1,920,485
5$3,313,245$1,182,921$115,964$2,014,361
6$3,478,907$1,244,216$121,762$2,112,930
7$3,652,853$1,308,576$127,850$2,216,427
8$3,835,495$1,376,154$134,242$2,325,099
9$4,027,270$1,447,110$140,954$2,439,205
10$4,228,634$1,521,615$148,002$2,559,017
11$4,440,065$1,599,844$155,402$2,684,819
12$4,662,069$1,681,986$163,172$2,816,911
13$4,895,172$1,768,234$171,331$2,955,607
14$5,139,931$1,858,795$179,898$3,101,238
15$5,396,927$1,953,883$188,892$3,254,151
16$5,666,773$2,053,726$198,337$3,414,710
17$5,950,112$2,158,562$208,254$3,583,296
18$6,247,618$2,268,639$218,667$3,760,312
19$6,559,999$2,384,220$229,600$3,946,179
20$6,887,999$2,505,580$241,080$4,141,339
21$7,232,398$2,633,008$253,134$4,346,257
22$7,594,018$2,766,807$265,791$4,561,421
23$7,973,719$2,907,296$279,080$4,787,343
24$8,372,405$3,054,810$293,034$5,024,561
25$8,791,025$3,209,700$307,686$5,273,640
26$9,230,577$3,372,334$323,070$5,535,173
27$9,692,106$3,543,099$339,224$5,809,783
28$10,176,711$3,722,403$356,185$6,098,123
29$10,685,546$3,910,672$373,994$6,400,880
30$11,219,824$4,108,355$392,694$6,718,775
Total$181,100,000$65,717,609$6,338,501$109,043,895

◄ Back to Jackpot Analysis

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.