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

Powerball Annuity Jackpot Analysis for Georgia (Nov. 7, 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 $71,000,000 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. 7, 2018
Jackpot:$71,000,000
Federal Tax:  24%
State Tax:5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,652$256,476$61,447$750,728
2$1,122,084$269,300$64,520$788,264
3$1,178,189$282,765$67,746$827,678
4$1,237,098$296,904$71,133$869,061
5$1,298,953$311,749$74,690$912,514
6$1,363,901$327,336$78,424$958,140
7$1,432,096$343,703$82,346$1,006,047
8$1,503,701$360,888$86,463$1,056,350
9$1,578,886$378,933$90,786$1,109,167
10$1,657,830$397,879$95,325$1,164,625
11$1,740,721$417,773$100,091$1,222,857
12$1,827,757$438,662$105,096$1,284,000
13$1,919,145$460,595$110,351$1,348,200
14$2,015,103$483,625$115,868$1,415,610
15$2,115,858$507,806$121,662$1,486,390
16$2,221,651$533,196$127,745$1,560,710
17$2,332,733$559,856$134,132$1,638,745
18$2,449,370$587,849$140,839$1,720,682
19$2,571,838$617,241$147,881$1,806,716
20$2,700,430$648,103$155,275$1,897,052
21$2,835,452$680,508$163,038$1,991,905
22$2,977,224$714,534$171,190$2,091,500
23$3,126,085$750,260$179,750$2,196,075
24$3,282,390$787,774$188,737$2,305,879
25$3,446,509$827,162$198,174$2,421,173
26$3,618,835$868,520$208,083$2,542,231
27$3,799,776$911,946$218,487$2,669,343
28$3,989,765$957,544$229,411$2,802,810
29$4,189,253$1,005,421$240,882$2,942,951
30$4,398,716$1,055,692$252,926$3,090,098
Total$71,000,000$17,040,000$4,082,500$49,877,500
<( 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.