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Georgia Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 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 $830,000,000 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, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 5.29%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,579,316$660,863$7,252,512
2$13,117,326$4,810,431$693,907$7,612,988
3$13,773,192$5,053,101$728,602$7,991,489
4$14,461,852$5,307,905$765,032$8,388,915
5$15,184,944$5,575,449$803,284$8,806,211
6$15,944,191$5,856,371$843,448$9,244,373
7$16,741,401$6,151,339$885,620$9,704,442
8$17,578,471$6,461,055$929,901$10,187,515
9$18,457,395$6,786,256$976,396$10,694,742
10$19,380,264$7,127,718$1,025,216$11,227,330
11$20,349,278$7,486,253$1,076,477$11,786,548
12$21,366,741$7,862,715$1,130,301$12,373,726
13$22,435,078$8,257,999$1,186,816$12,990,264
14$23,556,833$8,673,048$1,246,156$13,637,628
15$24,734,674$9,108,850$1,308,464$14,317,360
16$25,971,408$9,566,441$1,373,887$15,031,079
17$27,269,978$10,046,912$1,442,582$15,780,484
18$28,633,477$10,551,407$1,514,711$16,567,359
19$30,065,151$11,081,126$1,590,446$17,393,578
20$31,568,408$11,637,331$1,669,969$18,261,108
21$33,146,829$12,221,347$1,753,467$19,172,015
22$34,804,170$12,834,563$1,841,141$20,128,466
23$36,544,379$13,478,440$1,933,198$21,132,741
24$38,371,597$14,154,511$2,029,857$22,187,228
25$40,290,177$14,864,386$2,131,350$23,294,441
26$42,304,687$15,609,754$2,237,918$24,457,014
27$44,419,921$16,392,391$2,349,814$25,677,716
28$46,640,916$17,214,159$2,467,304$26,959,453
29$48,972,962$18,077,016$2,590,670$28,305,276
30$51,421,611$18,983,016$2,720,203$29,718,391
Total$830,000,002$305,810,606$43,907,000$480,282,392

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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.