USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Jan 30, 2023

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The tax information provided here is based on 2022 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 Powerball 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 $613,000,000 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 prize money, as well as deductions claimed.

State:

Georgia

Drawing Date:Mon, Jan 30, 2023
Jackpot:$613,000,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,226,530$3,376,771$530,525$5,319,233
2$9,687,856$3,547,462$557,052$5,583,343
3$10,172,249$3,726,687$584,904$5,860,657
4$10,680,862$3,914,874$614,150$6,151,838
5$11,214,904$4,112,470$644,857$6,457,578
6$11,775,650$4,319,945$677,100$6,778,604
7$12,364,433$4,537,795$710,955$7,115,683
8$12,982,654$4,766,537$746,503$7,469,614
9$13,631,787$5,006,716$783,828$7,841,243
10$14,313,376$5,258,904$823,019$8,231,453
11$15,029,045$5,523,702$864,170$8,641,173
12$15,780,497$5,801,739$907,379$9,071,380
13$16,569,522$6,093,678$952,748$9,523,096
14$17,397,998$6,400,214$1,000,385$9,997,399
15$18,267,898$6,722,077$1,050,404$10,495,416
16$19,181,293$7,060,033$1,102,924$11,018,335
17$20,140,357$7,414,887$1,158,071$11,567,399
18$21,147,375$7,787,484$1,215,974$12,143,917
19$22,204,744$8,178,710$1,276,773$12,749,261
20$23,314,981$8,589,498$1,340,611$13,384,872
21$24,480,730$9,020,825$1,407,642$14,052,263
22$25,704,767$9,473,719$1,478,024$14,753,024
23$26,990,005$9,949,257$1,551,925$15,488,823
24$28,339,505$10,448,572$1,629,522$16,261,412
25$29,756,480$10,972,853$1,710,998$17,072,630
26$31,244,305$11,523,348$1,796,548$17,924,409
27$32,806,520$12,101,367$1,886,375$18,818,778
28$34,446,845$12,708,288$1,980,694$19,757,864
29$36,169,188$13,345,554$2,079,728$20,743,905
30$37,977,648$14,014,685$2,183,715$21,779,248
Total$613,000,001$225,698,651$35,247,503$352,053,850

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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.