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Georgia Powerball Jackpot Annuity Payout Schedule for Dec 17, 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 $89,700,000 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 17, 2011
Jackpot:$89,700,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,599,360$549,951$87,805$961,604
2$1,663,334$573,621$91,317$998,396
3$1,729,868$598,239$94,970$1,036,659
4$1,799,062$623,841$98,769$1,076,453
5$1,871,025$650,467$102,719$1,117,839
6$1,945,866$678,158$106,828$1,160,880
7$2,023,700$706,957$111,101$1,205,642
8$2,104,649$736,908$115,545$1,252,196
9$2,188,834$768,056$120,167$1,300,611
10$2,276,388$800,451$124,974$1,350,963
11$2,367,443$834,142$129,973$1,403,329
12$2,462,141$869,180$135,172$1,457,790
13$2,560,627$905,620$140,578$1,514,429
14$2,663,052$943,517$146,202$1,573,333
15$2,769,574$982,930$152,050$1,634,594
16$2,880,357$1,023,920$158,132$1,698,305
17$2,995,571$1,066,549$164,457$1,764,565
18$3,115,394$1,110,884$171,035$1,833,475
19$3,240,010$1,156,991$177,877$1,905,142
20$3,369,610$1,204,943$184,992$1,979,675
21$3,504,394$1,254,814$192,391$2,057,190
22$3,644,570$1,306,679$200,087$2,137,805
23$3,790,353$1,360,618$208,090$2,221,644
24$3,941,967$1,416,716$216,414$2,308,838
25$4,099,646$1,475,057$225,071$2,399,519
26$4,263,632$1,535,731$234,073$2,493,827
27$4,434,177$1,598,833$243,436$2,591,907
28$4,611,544$1,664,459$253,174$2,693,911
29$4,796,006$1,732,710$263,301$2,799,995
30$4,987,846$1,803,691$273,833$2,910,323
Total$89,700,000$31,934,633$4,924,533$52,840,839

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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.