USA Mega

Georgia Mega Millions Jackpot Annuity Payout Schedule for Apr 23, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $202,000,000 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, Apr 23, 2024
Jackpot:$202,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,040,390$1,083,132$166,917$1,790,340
2$3,192,409$1,139,379$175,263$1,877,767
3$3,352,030$1,198,439$184,026$1,969,565
4$3,519,631$1,260,451$193,228$2,065,952
5$3,695,613$1,325,564$202,889$2,167,159
6$3,880,394$1,393,933$213,034$2,273,427
7$4,074,413$1,465,721$223,685$2,385,007
8$4,278,134$1,541,097$234,870$2,502,167
9$4,492,041$1,620,243$246,613$2,625,185
10$4,716,643$1,703,346$258,944$2,754,353
11$4,952,475$1,790,603$271,891$2,889,981
12$5,200,099$1,882,224$285,485$3,032,389
13$5,460,103$1,978,426$299,760$3,181,918
14$5,733,109$2,079,438$314,748$3,338,923
15$6,019,764$2,185,500$330,485$3,503,779
16$6,320,752$2,296,866$347,009$3,676,877
17$6,636,790$2,413,800$364,360$3,858,630
18$6,968,629$2,536,581$382,578$4,049,471
19$7,317,061$2,665,500$401,707$4,249,854
20$7,682,914$2,800,866$421,792$4,460,256
21$8,067,059$2,943,000$442,882$4,681,178
22$8,470,412$3,092,240$465,026$4,913,146
23$8,893,933$3,248,943$488,277$5,156,713
24$9,338,630$3,413,481$512,691$5,412,458
25$9,805,561$3,586,245$538,325$5,680,990
26$10,295,839$3,767,648$565,242$5,962,949
27$10,810,631$3,958,121$593,504$6,259,006
28$11,351,163$4,158,118$623,179$6,569,866
29$11,918,721$4,368,114$654,338$6,896,269
30$12,514,657$4,588,611$687,055$7,238,992
Total$202,000,000$73,485,630$11,089,803$117,424,567

◄ Back to Jackpot Analysis

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.