USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Apr 30, 1997

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The tax information provided here is based on 2024 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 $26,000,000 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 money, as well as deductions claimed.

State:

Georgia

Drawing Date:Wed, Apr 30, 1997
Jackpot:$26,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$463,583$132,629$25,451$305,503
2$482,126$139,119$26,469$316,538
3$501,411$145,869$27,527$328,015
4$521,467$152,888$28,629$339,950
5$542,326$160,189$29,774$352,363
6$564,019$167,781$30,965$365,273
7$586,580$175,678$32,203$378,699
8$610,043$183,904$33,491$392,648
9$634,445$192,932$34,831$406,681
10$659,823$202,322$36,224$421,276
11$686,215$212,087$37,673$436,455
12$713,664$222,243$39,180$452,240
13$742,211$232,806$40,747$468,658
14$771,899$243,790$42,377$485,731
15$802,775$255,215$44,072$503,488
16$834,886$267,096$45,835$521,955
17$868,281$279,452$47,669$541,161
18$903,013$292,302$49,575$561,135
19$939,133$305,667$51,558$581,908
20$976,699$319,566$53,621$603,512
21$1,015,767$334,021$55,766$625,980
22$1,056,397$349,055$57,996$649,346
23$1,098,653$364,689$60,316$673,648
24$1,142,599$380,949$62,729$698,921
25$1,188,303$397,860$65,238$725,205
26$1,235,835$415,447$67,847$752,541
27$1,285,269$433,737$70,561$780,970
28$1,336,679$452,759$73,384$810,537
29$1,390,147$472,542$76,319$841,286
30$1,445,752$493,116$79,372$873,265
Total$26,000,000$8,377,710$1,427,399$16,194,888

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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.