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Georgia Mega Millions Jackpot Annuity Payout Schedule for Apr 19, 2024

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The tax information provided here is based on 2024 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 Mega Millions 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 $178,000,000 for a ticket purchased in 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 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:

Georgia

Drawing Date:Fri, Apr 19, 2024
Jackpot:$178,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,679,155$949,475$147,086$1,582,595
2$2,813,113$999,040$154,440$1,659,634
3$2,953,769$1,051,082$162,162$1,740,525
4$3,101,457$1,105,727$170,270$1,825,460
5$3,256,530$1,163,104$178,784$1,914,643
6$3,419,357$1,223,350$187,723$2,008,284
7$3,590,325$1,286,608$197,109$2,106,608
8$3,769,841$1,353,029$206,964$2,209,848
9$3,958,333$1,422,771$217,312$2,318,249
10$4,156,249$1,496,000$228,178$2,432,071
11$4,364,062$1,572,891$239,587$2,551,584
12$4,582,265$1,653,626$251,566$2,677,073
13$4,811,378$1,738,398$264,145$2,808,836
14$5,051,947$1,827,408$277,352$2,947,187
15$5,304,545$1,920,869$291,219$3,092,456
16$5,569,772$2,019,003$305,780$3,244,988
17$5,848,260$2,122,044$321,069$3,405,147
18$6,140,673$2,230,237$337,123$3,573,314
19$6,447,707$2,343,839$353,979$3,749,889
20$6,770,092$2,463,122$371,678$3,935,292
21$7,108,597$2,588,369$390,262$4,129,966
22$7,464,027$2,719,878$409,775$4,334,374
23$7,837,228$2,857,962$430,264$4,549,002
24$8,229,090$3,002,951$451,777$4,774,362
25$8,640,544$3,155,189$474,366$5,010,989
26$9,072,571$3,315,039$498,084$5,259,448
27$9,526,200$3,482,882$522,988$5,520,330
28$10,002,510$3,659,116$549,138$5,794,256
29$10,502,635$3,844,163$576,595$6,081,878
30$11,027,767$4,038,462$605,424$6,383,881
Total$178,000,000$64,605,634$9,772,199$103,622,169

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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.