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Georgia Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 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 $210,000,000 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, Sep 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$173,528$1,859,589
2$3,318,841$1,186,159$182,204$1,950,478
3$3,484,783$1,247,558$191,315$2,045,911
4$3,659,023$1,312,026$200,880$2,146,116
5$3,841,974$1,379,718$210,924$2,251,331
6$4,034,072$1,450,795$221,471$2,361,807
7$4,235,776$1,525,425$232,544$2,477,807
8$4,447,565$1,603,787$244,171$2,599,607
9$4,669,943$1,686,067$256,380$2,727,497
10$4,903,440$1,772,461$269,199$2,861,781
11$5,148,612$1,863,174$282,659$3,002,779
12$5,406,043$1,958,424$296,792$3,150,828
13$5,676,345$2,058,435$311,631$3,306,278
14$5,960,162$2,163,448$327,213$3,469,502
15$6,258,171$2,273,711$343,574$3,640,886
16$6,571,079$2,389,487$360,752$3,820,840
17$6,899,633$2,511,052$378,790$4,009,791
18$7,244,615$2,638,695$397,729$4,208,190
19$7,606,845$2,772,721$417,616$4,416,509
20$7,987,188$2,913,447$438,497$4,635,244
21$8,386,547$3,061,210$460,421$4,864,915
22$8,805,874$3,216,361$483,443$5,106,071
23$9,246,168$3,379,270$507,615$5,359,284
24$9,708,476$3,550,324$532,995$5,625,157
25$10,193,900$3,729,931$559,645$5,904,324
26$10,703,595$3,918,518$587,627$6,197,450
27$11,238,775$4,116,535$617,009$6,505,232
28$11,800,714$4,324,452$647,859$6,828,403
29$12,390,749$4,542,765$680,252$7,167,732
30$13,010,287$4,771,994$714,265$7,524,028
Total$210,000,000$76,445,634$11,529,000$122,025,367

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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.