USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 1999

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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 $18,000,000 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:Tue, Jan 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$64,371$14,874$191,681
2$284,472$69,112$15,618$199,742
3$298,696$74,091$16,398$208,207
4$313,631$79,318$17,218$217,094
5$329,312$84,806$18,079$226,426
6$345,778$90,569$18,983$236,225
7$363,067$96,621$19,932$246,514
8$381,220$102,974$20,929$257,317
9$400,281$109,646$21,975$268,660
10$420,295$116,650$23,074$280,570
11$441,310$124,006$24,228$293,076
12$463,375$131,729$25,439$306,207
13$486,544$139,838$26,711$319,995
14$510,871$148,352$28,047$334,472
15$536,415$157,292$29,449$349,673
16$563,235$166,680$30,922$365,634
17$591,397$176,536$32,468$382,393
18$620,967$186,886$34,091$399,990
19$652,015$198,266$35,796$417,954
20$684,616$210,328$37,585$436,702
21$718,847$222,994$39,465$456,389
22$754,789$236,292$41,438$477,059
23$792,529$250,256$43,510$498,763
24$832,155$264,918$45,685$521,552
25$873,763$280,313$47,970$545,481
26$917,451$296,477$50,368$570,606
27$963,324$313,450$52,886$596,987
28$1,011,490$331,271$55,531$624,688
29$1,062,064$349,984$58,307$653,773
30$1,115,167$369,632$61,223$684,313
Total$18,000,000$5,443,658$988,199$11,568,143

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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.