USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 5.19%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$1,200,657$13,416,777
2$24,290,759$8,944,601$1,260,690$14,085,467
3$25,505,296$9,393,980$1,323,725$14,787,591
4$26,780,562$9,865,828$1,389,911$15,524,823
5$28,119,589$10,361,268$1,459,407$16,298,914
6$29,525,569$10,881,481$1,532,377$17,111,711
7$31,001,848$11,427,704$1,608,996$17,965,148
8$32,551,940$12,001,238$1,689,446$18,861,256
9$34,179,537$12,603,449$1,773,918$19,802,170
10$35,888,513$13,235,770$1,862,614$20,790,129
11$37,682,939$13,899,708$1,955,745$21,827,487
12$39,567,086$14,596,842$2,053,532$22,916,712
13$41,545,440$15,328,833$2,156,208$24,060,399
14$43,622,713$16,097,424$2,264,019$25,261,270
15$45,803,848$16,904,444$2,377,220$26,522,184
16$48,094,041$17,751,815$2,496,081$27,846,145
17$50,498,742$18,641,555$2,620,885$29,236,303
18$53,023,680$19,575,782$2,751,929$30,695,969
19$55,674,863$20,556,720$2,889,525$32,228,618
20$58,458,607$21,586,705$3,034,002$33,837,900
21$61,381,537$22,668,189$3,185,702$35,527,646
22$64,450,614$23,803,747$3,344,987$37,301,880
23$67,673,145$24,996,084$3,512,236$39,164,825
24$71,056,801$26,248,037$3,687,848$41,120,916
25$74,609,641$27,562,587$3,872,240$43,174,813
26$78,340,125$28,942,866$4,065,852$45,331,406
27$82,257,131$30,392,159$4,269,145$47,595,827
28$86,369,986$31,913,915$4,482,602$49,973,469
29$90,688,486$33,511,760$4,706,732$52,469,993
30$95,222,911$35,189,497$4,942,069$55,091,344
Total$1,537,000,003$567,400,609$79,770,300$889,829,092

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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.