USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Dec 6, 1996

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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 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 $9,000,000 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, Dec 6, 1996
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$7,437$102,668
2$142,236$26,984$7,809$107,444
3$149,348$28,690$8,199$112,458
4$156,815$30,483$8,609$117,723
5$164,656$32,364$9,040$123,252
6$172,889$34,340$9,492$129,057
7$181,533$36,415$9,966$135,152
8$190,610$38,593$10,464$141,552
9$200,140$41,108$10,988$148,045
10$210,147$44,310$11,537$154,300
11$220,655$47,673$12,114$160,868
12$231,688$51,203$12,720$167,765
13$243,272$54,910$13,356$175,006
14$255,436$58,950$14,023$182,462
15$268,207$63,420$14,725$190,063
16$281,618$68,113$15,461$198,043
17$295,699$73,042$16,234$206,423
18$310,483$78,216$17,046$215,221
19$326,008$83,650$17,898$224,460
20$342,308$89,355$18,793$234,160
21$359,423$95,345$19,732$244,346
22$377,395$101,635$20,719$255,040
23$396,264$108,240$21,755$266,270
24$416,078$115,174$22,843$278,061
25$436,881$122,456$23,985$290,441
26$458,726$130,101$25,184$303,440
27$481,662$138,129$26,443$317,090
28$505,745$146,558$27,765$331,422
29$531,032$155,408$29,154$346,470
30$557,584$164,702$30,611$362,271
Total$9,000,000$2,284,925$494,102$6,220,973

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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.