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Georgia Mega Millions Jackpot Annuity Payout Schedule for Jan 28, 2022

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The tax information provided here is based on 2024 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 $426,000,000 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, Jan 28, 2022
Jackpot:$426,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,411,911$2,330,595$352,014$3,729,302
2$6,732,507$2,449,215$369,615$3,913,677
3$7,069,132$2,573,767$388,095$4,107,270
4$7,422,589$2,704,546$407,500$4,310,543
5$7,793,718$2,841,863$427,875$4,523,980
6$8,183,404$2,986,047$449,269$4,748,088
7$8,592,575$3,137,440$471,732$4,983,402
8$9,022,203$3,296,403$495,319$5,230,481
9$9,473,313$3,463,314$520,085$5,489,915
10$9,946,979$3,638,570$546,089$5,762,320
11$10,444,328$3,822,589$573,394$6,048,345
12$10,966,544$4,015,809$602,063$6,348,672
13$11,514,872$4,218,690$632,166$6,664,015
14$12,090,615$4,431,715$663,775$6,995,125
15$12,695,146$4,655,392$696,964$7,342,791
16$13,329,903$4,890,252$731,812$7,707,840
17$13,996,398$5,136,855$768,402$8,091,141
18$14,696,218$5,395,789$806,822$8,493,607
19$15,431,029$5,667,669$847,163$8,916,197
20$16,202,581$5,953,143$889,522$9,359,916
21$17,012,710$6,252,890$933,998$9,825,822
22$17,863,345$6,567,625$980,698$10,315,022
23$18,756,512$6,898,097$1,029,733$10,828,683
24$19,694,338$7,245,093$1,081,219$11,368,026
25$20,679,055$7,609,438$1,135,280$11,934,337
26$21,713,008$7,992,001$1,192,044$12,528,963
27$22,798,658$8,393,691$1,251,646$13,153,321
28$23,938,591$8,815,466$1,314,229$13,808,896
29$25,135,520$9,258,330$1,379,940$14,497,250
30$26,392,297$9,723,338$1,448,937$15,220,022
Total$426,000,001$156,365,632$23,387,400$246,246,969

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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.