USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 2023

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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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$742,254$116,512$1,263,487
2$2,228,365$781,515$122,337$1,324,512
3$2,339,783$822,740$128,454$1,388,589
4$2,456,772$866,026$134,877$1,455,870
5$2,579,611$911,476$141,621$1,526,514
6$2,708,592$959,199$148,702$1,600,691
7$2,844,021$1,009,308$156,137$1,678,576
8$2,986,222$1,061,922$163,944$1,760,356
9$3,135,533$1,117,168$172,141$1,846,225
10$3,292,310$1,175,175$180,748$1,936,387
11$3,456,925$1,236,083$189,785$2,031,058
12$3,629,772$1,300,036$199,274$2,130,461
13$3,811,260$1,367,187$209,238$2,234,836
14$4,001,823$1,437,695$219,700$2,344,428
15$4,201,914$1,511,729$230,685$2,459,501
16$4,412,010$1,589,464$242,219$2,580,327
17$4,632,611$1,671,086$254,330$2,707,194
18$4,864,241$1,756,790$267,047$2,840,405
19$5,107,453$1,846,778$280,399$2,980,276
20$5,362,826$1,941,266$294,419$3,127,141
21$5,630,967$2,040,478$309,140$3,281,349
22$5,912,516$2,144,651$324,597$3,443,267
23$6,208,141$2,254,033$340,827$3,613,282
24$6,518,548$2,368,883$357,868$3,791,797
25$6,844,476$2,489,476$375,762$3,979,238
26$7,186,700$2,616,099$394,550$4,176,051
27$7,546,035$2,749,053$414,277$4,382,704
28$7,923,336$2,888,655$434,991$4,599,690
29$8,319,503$3,035,236$456,741$4,827,526
30$8,735,478$3,189,147$479,578$5,066,753
Total$141,000,000$50,880,608$7,740,900$82,378,491

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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.