USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Nov 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$58,634$656,032
2$1,110,744$369,163$60,980$680,601
3$1,155,174$385,602$63,419$706,153
4$1,201,381$402,699$65,956$732,726
5$1,249,436$420,479$68,594$760,363
6$1,299,413$438,971$71,338$789,105
7$1,351,390$458,202$74,191$818,996
8$1,405,445$478,203$77,159$850,084
9$1,461,663$499,003$80,245$882,415
10$1,520,130$520,636$83,455$916,039
11$1,580,935$543,134$86,793$951,008
12$1,644,172$566,531$90,265$987,376
13$1,709,939$590,865$93,876$1,025,198
14$1,778,337$616,172$97,631$1,064,534
15$1,849,470$642,492$101,536$1,105,443
16$1,923,449$669,864$105,597$1,147,988
17$2,000,387$698,331$109,821$1,192,235
18$2,080,402$727,937$114,214$1,238,252
19$2,163,619$758,727$118,783$1,286,109
20$2,250,163$790,748$123,534$1,335,881
21$2,340,170$824,051$128,475$1,387,644
22$2,433,777$858,685$133,614$1,441,477
23$2,531,128$894,705$138,959$1,497,464
24$2,632,373$932,166$144,517$1,555,690
25$2,737,668$971,125$150,298$1,616,245
26$2,847,174$1,011,642$156,310$1,679,222
27$2,961,061$1,053,780$162,562$1,744,719
28$3,079,504$1,097,604$169,065$1,812,835
29$3,202,684$1,143,181$175,827$1,883,676
30$3,330,791$1,190,581$182,860$1,957,350
Total$59,900,000$20,908,635$3,288,508$35,702,860

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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.