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: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$1,270,060$13,347,375
2$24,290,759$8,944,601$1,333,563$14,012,595
3$25,505,296$9,393,980$1,400,241$14,711,076
4$26,780,562$9,865,828$1,470,253$15,444,481
5$28,119,589$10,361,268$1,543,765$16,214,555
6$29,525,569$10,881,481$1,620,954$17,023,134
7$31,001,848$11,427,704$1,702,001$17,872,142
8$32,551,940$12,001,238$1,787,102$18,763,600
9$34,179,537$12,603,449$1,876,457$19,699,631
10$35,888,513$13,235,770$1,970,279$20,682,464
11$37,682,939$13,899,708$2,068,793$21,714,438
12$39,567,086$14,596,842$2,172,233$22,798,011
13$41,545,440$15,328,833$2,280,845$23,935,763
14$43,622,713$16,097,424$2,394,887$25,130,402
15$45,803,848$16,904,444$2,514,631$26,384,773
16$48,094,041$17,751,815$2,640,363$27,701,863
17$50,498,742$18,641,555$2,772,381$29,084,806
18$53,023,680$19,575,782$2,911,000$30,536,898
19$55,674,863$20,556,720$3,056,550$32,061,594
20$58,458,607$21,586,705$3,209,378$33,662,525
21$61,381,537$22,668,189$3,369,846$35,343,502
22$64,450,614$23,803,747$3,538,339$37,108,528
23$67,673,145$24,996,084$3,715,256$38,961,805
24$71,056,801$26,248,037$3,901,018$40,907,746
25$74,609,641$27,562,587$4,096,069$42,950,984
26$78,340,125$28,942,866$4,300,873$45,096,385
27$82,257,131$30,392,159$4,515,916$47,349,056
28$86,369,986$31,913,915$4,741,712$49,714,359
29$90,688,486$33,511,760$4,978,798$52,197,928
30$95,222,911$35,189,497$5,227,738$54,805,676
Total$1,537,000,003$567,400,609$84,381,301$885,218,095

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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.