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

Mega Millions Annuity Jackpot Analysis for Georgia (Nov. 2, 2018 Drawing)

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 $52,000,000 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:  Nov. 2, 2018
Jackpot:$52,000,000
Federal Tax:  24%
State Tax:5.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$187,842$45,004$549,829
2$821,808$197,234$47,254$577,320
3$862,899$207,096$49,617$606,186
4$906,044$217,450$52,098$636,496
5$951,346$228,323$54,702$668,320
6$998,913$239,739$57,438$701,737
7$1,048,859$251,726$60,309$736,823
8$1,101,302$264,312$63,325$773,665
9$1,156,367$277,528$66,491$812,348
10$1,214,185$291,404$69,816$852,965
11$1,274,895$305,975$73,306$895,613
12$1,338,639$321,273$76,972$940,394
13$1,405,571$337,337$80,820$987,414
14$1,475,850$354,204$84,861$1,036,784
15$1,549,642$371,914$89,104$1,088,624
16$1,627,124$390,510$93,560$1,143,055
17$1,708,481$410,035$98,238$1,200,208
18$1,793,905$430,537$103,150$1,260,218
19$1,883,600$452,064$108,307$1,323,229
20$1,977,780$474,667$113,722$1,389,390
21$2,076,669$498,401$119,408$1,458,860
22$2,180,502$523,321$125,379$1,531,803
23$2,289,527$549,487$131,648$1,608,393
24$2,404,004$576,961$138,230$1,688,813
25$2,524,204$605,809$145,142$1,773,253
26$2,650,414$636,099$152,399$1,861,916
27$2,782,935$667,904$160,019$1,955,012
28$2,922,082$701,300$168,020$2,052,762
29$3,068,186$736,365$176,421$2,155,400
30$3,221,595$773,183$185,242$2,263,170
Total$52,000,000$12,480,000$2,990,000$36,530,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.