The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. Ohio 162.6 million MaVirginia 754. The payouts are graduated so they increase 5 percent year-on-year. CLEVELAND, Ohio The Powerball jackpot continues its march upward, reaching an estimated 1.55 billion for the drawing on Monday, Oct. With no winners after Wednesdays drawing, this Powerball jackpot continues to climb.
If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years.
