USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Oct 11, 2013

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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 $22,000,000 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, Oct 11, 2013
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: 5.19%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$85,443$17,186$228,503
2$347,688$91,238$18,045$238,405
3$365,073$97,323$18,947$248,803
4$383,326$103,711$19,895$259,720
5$402,492$110,420$20,889$271,184
6$422,617$117,463$21,934$283,220
7$443,748$124,859$23,031$295,858
8$465,935$132,625$24,182$309,129
9$489,232$140,779$25,391$323,062
10$513,694$149,340$26,661$337,693
11$539,378$158,330$27,994$353,055
12$566,347$167,769$29,393$369,185
13$594,665$177,680$30,863$386,122
14$624,398$188,087$32,406$403,905
15$655,618$199,599$34,027$421,992
16$688,399$211,728$35,728$440,943
17$722,819$224,463$37,514$460,841
18$758,960$237,835$39,390$481,734
19$796,908$251,876$41,360$503,672
20$836,753$266,619$43,427$526,707
21$878,591$282,099$45,599$550,893
22$922,520$298,353$47,879$576,289
23$968,646$315,419$50,273$602,954
24$1,017,078$333,339$52,786$630,953
25$1,067,932$352,155$55,426$660,351
26$1,121,329$371,912$58,197$691,220
27$1,177,395$392,657$61,107$723,632
28$1,236,265$414,438$64,162$757,665
29$1,298,079$437,309$67,370$793,399
30$1,362,982$461,324$70,739$830,920
Total$22,000,000$6,896,192$1,141,801$13,962,009

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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.