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Georgia Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 2022

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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 $465,000,000 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, Dec 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,546,620$384,241$4,068,057
2$7,348,863$2,676,100$403,453$4,269,311
3$7,716,306$2,812,054$423,625$4,480,627
4$8,102,122$2,954,805$444,806$4,702,510
5$8,507,228$3,104,694$467,047$4,935,486
6$8,932,589$3,262,078$490,399$5,180,112
7$9,379,219$3,427,331$514,919$5,436,968
8$9,848,180$3,600,847$540,665$5,706,668
9$10,340,589$3,783,038$567,698$5,989,852
10$10,857,618$3,974,339$596,083$6,287,196
11$11,400,499$4,175,205$625,887$6,599,407
12$11,970,524$4,386,114$657,182$6,927,228
13$12,569,050$4,607,569$690,041$7,271,440
14$13,197,503$4,840,096$724,543$7,632,863
15$13,857,378$5,084,250$760,770$8,012,358
16$14,550,247$5,340,612$798,809$8,410,827
17$15,277,759$5,609,791$838,749$8,829,219
18$16,041,647$5,892,430$880,686$9,268,531
19$16,843,729$6,189,200$924,721$9,729,808
20$17,685,916$6,500,809$970,957$10,214,150
21$18,570,211$6,827,998$1,019,505$10,722,708
22$19,498,722$7,171,547$1,070,480$11,256,695
23$20,473,658$7,532,274$1,124,004$11,817,380
24$21,497,341$7,911,036$1,180,204$12,406,100
25$22,572,208$8,308,737$1,239,214$13,024,256
26$23,700,818$8,726,323$1,301,175$13,673,320
27$24,885,859$9,164,788$1,366,234$14,354,837
28$26,130,152$9,625,176$1,434,545$15,070,430
29$27,436,660$10,108,584$1,506,273$15,821,803
30$28,808,493$10,616,163$1,581,586$16,610,744
Total$465,000,001$170,760,608$25,528,501$268,710,891

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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.