USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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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 $35,100,000 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:Sat, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$189,747$34,358$401,731
2$650,870$199,010$35,733$416,128
3$676,905$208,643$37,162$431,100
4$703,981$218,661$38,649$446,672
5$732,140$229,080$40,194$462,866
6$761,426$239,915$41,802$479,708
7$791,883$251,184$43,474$497,224
8$823,558$262,904$45,213$515,441
9$856,500$275,093$47,022$534,386
10$890,760$287,769$48,903$554,089
11$926,391$300,952$50,859$574,580
12$963,447$314,663$52,893$595,890
13$1,001,984$328,922$55,009$618,053
14$1,042,064$343,751$57,209$641,103
15$1,083,746$359,174$59,498$665,075
16$1,127,096$375,213$61,878$690,005
17$1,172,180$391,894$64,353$715,933
18$1,219,067$409,243$66,927$742,898
19$1,267,830$427,285$69,604$770,941
20$1,318,543$446,049$72,388$800,106
21$1,371,285$465,563$75,284$830,438
22$1,426,136$485,858$78,295$861,983
23$1,483,182$506,965$81,427$894,790
24$1,542,509$528,916$84,684$928,909
25$1,604,209$551,745$88,071$964,393
26$1,668,378$575,487$91,594$1,001,296
27$1,735,113$600,179$95,258$1,039,676
28$1,804,517$625,859$99,068$1,079,590
29$1,876,698$652,566$103,031$1,121,101
30$1,951,766$680,341$107,152$1,164,273
Total$35,100,000$11,732,631$1,926,992$21,440,378

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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.