USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for May 18, 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 $98,900,000 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:Wed, May 18, 2011
Jackpot:$98,900,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,763,397$610,645$96,810$1,055,942
2$1,833,933$636,743$100,683$1,096,507
3$1,907,290$663,885$104,710$1,138,695
4$1,983,582$692,113$108,899$1,182,570
5$2,062,925$721,470$113,255$1,228,200
6$2,145,442$752,001$117,785$1,275,656
7$2,231,260$783,754$122,496$1,325,010
8$2,320,510$816,776$127,396$1,376,337
9$2,413,330$851,120$132,492$1,429,718
10$2,509,864$886,837$137,792$1,485,235
11$2,610,258$923,983$143,303$1,542,972
12$2,714,668$962,615$149,035$1,603,018
13$2,823,255$1,002,792$154,997$1,665,466
14$2,936,185$1,044,576$161,197$1,730,412
15$3,053,633$1,088,032$167,644$1,797,956
16$3,175,778$1,133,226$174,350$1,868,202
17$3,302,809$1,180,227$181,324$1,941,258
18$3,434,922$1,229,109$188,577$2,017,236
19$3,572,318$1,279,946$196,120$2,096,253
20$3,715,211$1,332,816$203,965$2,178,430
21$3,863,820$1,387,801$212,124$2,263,895
22$4,018,372$1,444,986$220,609$2,352,778
23$4,179,107$1,504,457$229,433$2,445,217
24$4,346,272$1,566,308$238,610$2,541,353
25$4,520,122$1,630,633$248,155$2,641,335
26$4,700,927$1,697,531$258,081$2,745,316
27$4,888,964$1,767,105$268,404$2,853,456
28$5,084,523$1,839,461$279,140$2,965,921
29$5,287,904$1,914,712$290,306$3,082,886
30$5,499,420$1,992,973$301,918$3,204,529
Total$98,900,000$35,338,633$5,429,610$58,131,759

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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.