USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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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 $125,800,000 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, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$123,142$1,331,777
2$2,332,748$821,304$128,068$1,383,375
3$2,426,057$855,829$133,191$1,437,038
4$2,523,100$891,735$138,518$1,492,847
5$2,624,024$929,077$144,059$1,550,888
6$2,728,985$967,912$149,821$1,611,251
7$2,838,144$1,008,301$155,814$1,674,029
8$2,951,670$1,050,306$162,047$1,739,318
9$3,069,737$1,093,990$168,529$1,807,218
10$3,192,526$1,139,422$175,270$1,877,834
11$3,320,227$1,186,672$182,280$1,951,275
12$3,453,036$1,235,811$189,572$2,027,653
13$3,591,158$1,286,916$197,155$2,107,087
14$3,734,804$1,340,065$205,041$2,189,698
15$3,884,196$1,395,340$213,242$2,275,613
16$4,039,564$1,452,826$221,772$2,364,965
17$4,201,147$1,512,612$230,643$2,457,892
18$4,369,192$1,574,789$239,869$2,554,535
19$4,543,960$1,639,453$249,463$2,655,044
20$4,725,718$1,706,704$259,442$2,759,573
21$4,914,747$1,776,644$269,820$2,868,283
22$5,111,337$1,849,382$280,612$2,981,342
23$5,315,791$1,925,030$291,837$3,098,923
24$5,528,422$2,003,704$303,510$3,221,208
25$5,749,559$2,085,525$315,651$3,348,384
26$5,979,541$2,170,618$328,277$3,480,647
27$6,218,723$2,259,115$341,408$3,618,200
28$6,467,472$2,351,152$355,064$3,761,255
29$6,726,171$2,446,871$369,267$3,910,033
30$6,995,218$2,546,418$384,037$4,064,762
Total$125,800,000$45,291,631$6,906,421$73,601,947

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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.