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Georgia Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$519,492$83,459$917,244
2$1,596,205$547,616$87,632$960,957
3$1,676,015$577,146$92,013$1,006,856
4$1,759,816$608,152$96,614$1,055,050
5$1,847,806$640,709$101,445$1,105,653
6$1,940,197$674,893$106,517$1,158,787
7$2,037,207$710,787$111,843$1,214,577
8$2,139,067$748,475$117,435$1,273,157
9$2,246,020$788,048$123,307$1,334,666
10$2,358,321$829,599$129,472$1,399,250
11$2,476,237$873,228$135,945$1,467,064
12$2,600,049$919,038$142,743$1,538,268
13$2,730,052$967,139$149,880$1,613,032
14$2,866,554$1,017,645$157,374$1,691,535
15$3,009,882$1,070,677$165,243$1,773,963
16$3,160,376$1,126,359$173,505$1,860,512
17$3,318,395$1,184,826$182,180$1,951,389
18$3,484,315$1,246,217$191,289$2,046,809
19$3,658,530$1,310,676$200,853$2,147,001
20$3,841,457$1,378,359$210,896$2,252,202
21$4,033,530$1,449,426$221,441$2,362,663
22$4,235,206$1,524,047$232,513$2,478,647
23$4,446,967$1,602,398$244,138$2,600,430
24$4,669,315$1,684,667$256,345$2,728,303
25$4,902,781$1,771,049$269,163$2,862,569
26$5,147,920$1,861,751$282,621$3,003,548
27$5,405,316$1,956,987$296,752$3,151,577
28$5,675,581$2,056,985$311,589$3,307,007
29$5,959,360$2,161,984$327,169$3,470,208
30$6,257,329$2,272,232$343,527$3,641,569
Total$101,000,000$36,080,607$5,544,903$59,374,493

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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.