USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for May 11, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2025 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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$387,154$63,822$711,546
2$1,209,023$404,359$66,375$738,289
3$1,257,384$422,252$69,030$766,101
4$1,307,680$440,862$71,792$795,026
5$1,359,987$460,215$74,663$825,108
6$1,414,386$480,343$77,650$856,393
7$1,470,962$501,276$80,756$888,930
8$1,529,800$523,046$83,986$922,768
9$1,590,992$545,687$87,345$957,959
10$1,654,632$569,234$90,839$994,559
11$1,720,817$593,723$94,473$1,032,622
12$1,789,650$619,191$98,252$1,072,207
13$1,861,236$645,678$102,182$1,113,377
14$1,935,685$673,224$106,269$1,156,192
15$2,013,113$701,872$110,520$1,200,721
16$2,093,637$731,666$114,941$1,247,031
17$2,177,383$762,652$119,538$1,295,193
18$2,264,478$794,877$124,320$1,345,281
19$2,355,057$828,391$129,293$1,397,373
20$2,449,259$863,246$134,464$1,451,549
21$2,547,230$899,495$139,843$1,507,892
22$2,649,119$937,194$145,437$1,566,488
23$2,755,084$976,401$151,254$1,627,428
24$2,865,287$1,017,177$157,304$1,690,806
25$2,979,899$1,059,583$163,596$1,756,719
26$3,099,095$1,103,685$170,140$1,825,269
27$3,223,058$1,149,552$176,946$1,896,561
28$3,351,981$1,197,253$184,024$1,970,704
29$3,486,060$1,246,862$191,385$2,047,813
30$3,625,502$1,298,456$199,040$2,128,006
Total$65,200,000$22,834,606$3,579,479$38,785,911

◄ Back to Jackpot Analysis

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.