USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Dec 10, 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 $65,500,000 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, Dec 10, 2011
Jackpot:$65,500,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,167,871$390,300$64,116$713,455
2$1,214,586$407,585$66,681$740,321
3$1,263,170$425,561$69,348$768,261
4$1,313,697$444,255$72,122$797,319
5$1,366,244$463,698$75,007$827,539
6$1,420,894$483,919$78,007$858,969
7$1,477,730$504,948$81,127$891,655
8$1,536,839$526,818$84,372$925,648
9$1,598,313$549,563$87,747$961,002
10$1,662,245$573,219$91,257$997,770
11$1,728,735$597,820$94,908$1,036,008
12$1,797,885$623,405$98,704$1,075,776
13$1,869,800$650,014$102,652$1,117,134
14$1,944,592$677,687$106,758$1,160,147
15$2,022,376$706,467$111,028$1,204,880
16$2,103,271$736,398$115,470$1,251,403
17$2,187,401$767,526$120,088$1,299,787
18$2,274,897$799,900$124,892$1,350,106
19$2,365,893$833,568$129,888$1,402,438
20$2,460,529$868,584$135,083$1,456,863
21$2,558,950$904,999$140,486$1,513,465
22$2,661,308$942,872$146,106$1,572,331
23$2,767,761$982,259$151,950$1,633,551
24$2,878,471$1,023,222$158,028$1,697,221
25$2,993,610$1,065,823$164,349$1,763,437
26$3,113,354$1,110,129$170,923$1,832,302
27$3,237,888$1,156,206$177,760$1,903,922
28$3,367,404$1,204,127$184,870$1,978,406
29$3,502,100$1,253,965$192,265$2,055,870
30$3,642,184$1,305,796$199,956$2,136,432
Total$65,500,000$22,980,633$3,595,948$38,923,418

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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.