USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Feb 26, 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 $13,000,000 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, Feb 26, 2013
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$39,807$10,742$145,119
2$205,452$42,808$11,279$151,365
3$215,725$46,095$11,843$157,787
4$226,511$49,546$12,435$164,529
5$237,836$53,171$13,057$171,609
6$249,728$56,976$13,710$179,042
7$262,215$61,322$14,396$186,497
8$275,325$65,911$15,115$194,299
9$289,092$70,729$15,871$202,491
10$303,546$75,788$16,665$211,093
11$318,724$81,101$17,498$220,125
12$334,660$86,678$18,373$229,609
13$351,393$92,535$19,291$239,567
14$368,962$98,684$20,256$250,022
15$387,411$105,141$21,269$261,001
16$406,781$111,921$22,332$272,528
17$427,120$119,039$23,449$284,632
18$448,476$126,514$24,621$297,341
19$470,900$134,362$25,852$310,685
20$494,445$142,603$27,145$324,697
21$519,167$151,256$28,502$339,409
22$545,126$160,341$29,927$354,857
23$572,382$169,881$31,424$371,077
24$601,001$179,898$32,995$388,108
25$631,051$190,509$34,645$405,897
26$662,604$202,184$36,377$424,043
27$695,734$214,442$38,196$443,096
28$730,520$227,313$40,106$463,102
29$767,046$240,827$42,111$484,108
30$805,399$255,018$44,216$506,165
Total$13,000,000$3,652,400$713,698$8,633,900

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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.