USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Georgia

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

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $65,000,000 would be for a resident of Georgia, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Georgia

Drawing Date:  Tue, Apr 21, 2015
Jackpot:$65,000,000
Federal Tax:  25%
State Tax:6.00%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$978,343$244,586$58,701$675,057
2$1,027,260$256,815$61,636$708,810
3$1,078,623$269,656$64,717$744,250
4$1,132,555$283,139$67,953$781,463
5$1,189,182$297,296$71,351$820,536
6$1,248,641$312,160$74,918$861,563
7$1,311,074$327,768$78,664$904,641
8$1,376,627$344,157$82,598$949,873
9$1,445,459$361,365$86,728$997,366
10$1,517,732$379,433$91,064$1,047,235
11$1,593,618$398,405$95,617$1,099,597
12$1,673,299$418,325$100,398$1,154,576
13$1,756,964$439,241$105,418$1,212,305
14$1,844,812$461,203$110,689$1,272,920
15$1,937,053$484,263$116,223$1,336,566
16$2,033,905$508,476$122,034$1,403,395
17$2,135,601$533,900$128,136$1,473,564
18$2,242,381$560,595$134,543$1,547,243
19$2,354,500$588,625$141,270$1,624,605
20$2,472,225$618,056$148,333$1,705,835
21$2,595,836$648,959$155,750$1,791,127
22$2,725,628$681,407$163,538$1,880,683
23$2,861,909$715,477$171,715$1,974,717
24$3,005,005$751,251$180,300$2,073,453
25$3,155,255$788,814$189,315$2,177,126
26$3,313,018$828,254$198,781$2,285,982
27$3,478,669$869,667$208,720$2,400,281
28$3,652,602$913,150$219,156$2,520,295
29$3,835,232$958,808$230,114$2,646,310
30$4,026,994$1,006,748$241,620$2,778,626
Total$65,000,000$16,250,000$3,900,000$44,850,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^

The best selection at discount prices BOOKS & DVDs
Huge discounts!



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2015 Speednet Group.  All rights reserved.