USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 2023

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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 $183,000,000 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 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$151,217$1,625,875
2$2,892,133$1,028,277$158,778$1,705,078
3$3,036,740$1,081,782$166,717$1,788,241
4$3,188,577$1,137,961$175,053$1,875,563
5$3,348,006$1,196,950$183,806$1,967,250
6$3,515,406$1,258,888$192,996$2,063,522
7$3,691,176$1,323,923$202,646$2,164,608
8$3,875,735$1,392,210$212,778$2,270,748
9$4,069,522$1,463,911$223,417$2,382,194
10$4,272,998$1,539,197$234,588$2,499,213
11$4,486,648$1,618,247$246,317$2,622,083
12$4,710,980$1,701,250$258,633$2,751,097
13$4,946,529$1,788,404$271,564$2,886,561
14$5,193,856$1,879,914$285,143$3,028,799
15$5,453,549$1,976,001$299,400$3,178,148
16$5,726,226$2,076,891$314,370$3,334,965
17$6,012,537$2,182,827$330,088$3,499,622
18$6,313,164$2,294,059$346,593$3,672,513
19$6,628,822$2,410,852$363,922$3,854,048
20$6,960,264$2,533,485$382,118$4,044,660
21$7,308,277$2,662,250$401,224$4,244,802
22$7,673,691$2,797,453$421,286$4,454,952
23$8,057,375$2,939,417$442,350$4,675,609
24$8,460,244$3,088,478$464,467$4,907,298
25$8,883,256$3,244,992$487,691$5,150,573
26$9,327,419$3,409,333$512,075$5,406,011
27$9,793,790$3,581,890$537,679$5,674,221
28$10,283,479$3,763,075$564,563$5,955,841
29$10,797,653$3,953,319$592,791$6,251,543
30$11,337,536$4,153,076$622,431$6,562,029
Total$183,000,000$66,455,632$10,046,701$106,497,667

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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.