USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Georgia (Nov. 10, 2018 Drawing)

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

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 $92,000,000 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:  Nov. 10, 2018
Jackpot:$92,000,000
Federal Tax:  24%
State Tax:5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,384,732$332,336$79,622$972,774
2$1,453,969$348,952$83,603$1,021,413
3$1,526,667$366,400$87,783$1,072,484
4$1,603,000$384,720$92,173$1,126,108
5$1,683,150$403,956$96,781$1,182,413
6$1,767,308$424,154$101,620$1,241,534
7$1,855,673$445,362$106,701$1,303,611
8$1,948,457$467,630$112,036$1,368,791
9$2,045,880$491,011$117,638$1,437,231
10$2,148,174$515,562$123,520$1,509,092
11$2,255,583$541,340$129,696$1,584,547
12$2,368,362$568,407$136,181$1,663,774
13$2,486,780$596,827$142,990$1,746,963
14$2,611,119$626,669$150,139$1,834,311
15$2,741,675$658,002$157,646$1,926,026
16$2,878,758$690,902$165,529$2,022,328
17$3,022,696$725,447$173,805$2,123,444
18$3,173,831$761,719$182,495$2,229,616
19$3,332,523$799,805$191,620$2,341,097
20$3,499,149$839,796$201,201$2,458,152
21$3,674,106$881,786$211,261$2,581,060
22$3,857,812$925,875$221,824$2,710,113
23$4,050,702$972,169$232,915$2,845,618
24$4,253,237$1,020,777$244,561$2,987,899
25$4,465,899$1,071,816$256,789$3,137,294
26$4,689,194$1,125,407$269,629$3,294,159
27$4,923,654$1,181,677$283,110$3,458,867
28$5,169,837$1,240,761$297,266$3,631,810
29$5,428,328$1,302,799$312,129$3,813,401
30$5,699,745$1,367,939$327,735$4,004,071
Total$92,000,000$22,080,000$5,290,000$64,630,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.