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Powerball Annuity Jackpot Analysis for Georgia

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $170,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Georgia

Drawing Date:  Wed, Jan 25, 2017
Jackpot:$170,000,000
Federal Tax:  25%
State Tax:6.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,558,744$639,686$153,525$1,765,533
2$2,686,681$671,670$161,201$1,853,810
3$2,821,015$705,254$169,261$1,946,500
4$2,962,066$740,517$177,724$2,043,826
5$3,110,169$777,542$186,610$2,146,017
6$3,265,678$816,419$195,941$2,253,318
7$3,428,962$857,240$205,738$2,365,984
8$3,600,410$900,102$216,025$2,484,283
9$3,780,430$945,108$226,826$2,608,497
10$3,969,452$992,363$238,167$2,738,922
11$4,167,924$1,041,981$250,075$2,875,868
12$4,376,321$1,094,080$262,579$3,019,661
13$4,595,137$1,148,784$275,708$3,170,644
14$4,824,893$1,206,223$289,494$3,329,176
15$5,066,138$1,266,535$303,968$3,495,635
16$5,319,445$1,329,861$319,167$3,670,417
17$5,585,417$1,396,354$335,125$3,853,938
18$5,864,688$1,466,172$351,881$4,046,635
19$6,157,922$1,539,481$369,475$4,248,966
20$6,465,819$1,616,455$387,949$4,461,415
21$6,789,109$1,697,277$407,347$4,684,486
22$7,128,565$1,782,141$427,714$4,918,710
23$7,484,993$1,871,248$449,100$5,164,645
24$7,859,243$1,964,811$471,555$5,422,878
25$8,252,205$2,063,051$495,132$5,694,021
26$8,664,815$2,166,204$519,889$5,978,723
27$9,098,056$2,274,514$545,883$6,277,659
28$9,552,959$2,388,240$573,178$6,591,542
29$10,030,607$2,507,652$601,836$6,921,119
30$10,532,137$2,633,034$631,928$7,267,175
Total$170,000,000$42,500,000$10,200,000$117,300,000
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