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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 $171,000,000 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:  Sat, May 30, 2015
Jackpot:$171,000,000
Federal Tax:  25%
State Tax:6.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,048,947$762,237$182,937$2,103,773
2$3,170,905$792,726$190,254$2,187,924
3$3,297,741$824,435$197,864$2,275,441
4$3,429,651$857,413$205,779$2,366,459
5$3,566,837$891,709$214,010$2,461,117
6$3,709,510$927,378$222,571$2,559,562
7$3,857,891$964,473$231,473$2,661,944
8$4,012,206$1,003,052$240,732$2,768,422
9$4,172,694$1,043,174$250,362$2,879,159
10$4,339,602$1,084,901$260,376$2,994,326
11$4,513,186$1,128,297$270,791$3,114,099
12$4,693,714$1,173,428$281,623$3,238,662
13$4,881,462$1,220,366$292,888$3,368,209
14$5,076,721$1,269,180$304,603$3,502,937
15$5,279,790$1,319,947$316,787$3,643,055
16$5,490,981$1,372,745$329,459$3,788,777
17$5,710,620$1,427,655$342,637$3,940,328
18$5,939,045$1,484,761$356,343$4,097,941
19$6,176,607$1,544,152$370,596$4,261,859
20$6,423,671$1,605,918$385,420$4,432,333
21$6,680,618$1,670,155$400,837$4,609,627
22$6,947,843$1,736,961$416,871$4,794,012
23$7,225,757$1,806,439$433,545$4,985,772
24$7,514,787$1,878,697$450,887$5,185,203
25$7,815,378$1,953,845$468,923$5,392,611
26$8,127,994$2,031,998$487,680$5,608,316
27$8,453,113$2,113,278$507,187$5,832,648
28$8,791,238$2,197,809$527,474$6,065,954
29$9,142,887$2,285,722$548,573$6,308,592
30$9,508,603$2,377,151$570,516$6,560,936
Total$171,000,000$42,750,000$10,260,000$117,990,000
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