USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$466,827$75,471$832,403
2$1,429,689$487,173$78,490$864,026
3$1,486,876$508,332$81,630$896,915
4$1,546,351$530,338$84,895$931,119
5$1,608,205$553,224$88,290$966,691
6$1,672,534$577,025$91,822$1,003,686
7$1,739,435$601,779$95,495$1,042,161
8$1,809,012$627,522$99,315$1,082,175
9$1,881,373$654,296$103,287$1,123,790
10$1,956,628$682,140$107,419$1,167,069
11$2,034,893$711,098$111,716$1,212,079
12$2,116,288$741,214$116,184$1,258,890
13$2,200,940$772,536$120,832$1,307,573
14$2,288,978$805,109$125,665$1,358,203
15$2,380,537$838,986$130,691$1,410,859
16$2,475,758$874,218$135,919$1,465,621
17$2,574,789$910,860$141,356$1,522,573
18$2,677,780$948,966$147,010$1,581,804
19$2,784,891$988,598$152,891$1,643,403
20$2,896,287$1,029,814$159,006$1,707,467
21$3,012,138$1,072,679$165,366$1,774,093
22$3,132,624$1,117,259$171,981$1,843,384
23$3,257,929$1,163,621$178,860$1,915,447
24$3,388,246$1,211,839$186,015$1,990,393
25$3,523,776$1,261,985$193,455$2,068,336
26$3,664,727$1,314,137$201,194$2,149,397
27$3,811,316$1,368,375$209,241$2,233,700
28$3,963,769$1,424,782$217,611$2,321,376
29$4,122,319$1,483,446$226,315$2,412,558
30$4,287,212$1,544,456$235,368$2,507,388
Total$77,100,000$27,272,634$4,232,790$45,594,579

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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.