USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Sep 14, 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 $25,000,000 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, Sep 14, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$24,472$294,893
2$463,583$132,629$25,451$305,503
3$482,126$139,119$26,469$316,538
4$501,411$145,869$27,527$328,015
5$521,467$152,888$28,629$339,950
6$542,326$160,189$29,774$352,363
7$564,019$167,781$30,965$365,273
8$586,580$175,678$32,203$378,699
9$610,043$183,904$33,491$392,648
10$634,445$192,932$34,831$406,681
11$659,823$202,322$36,224$421,276
12$686,215$212,087$37,673$436,455
13$713,664$222,243$39,180$452,240
14$742,211$232,806$40,747$468,658
15$771,899$243,790$42,377$485,731
16$802,775$255,215$44,072$503,488
17$834,886$267,096$45,835$521,955
18$868,281$279,452$47,669$541,161
19$903,013$292,302$49,575$561,135
20$939,133$305,667$51,558$581,908
21$976,699$319,566$53,621$603,512
22$1,015,767$334,021$55,766$625,980
23$1,056,397$349,055$57,996$649,346
24$1,098,653$364,689$60,316$673,648
25$1,142,599$380,949$62,729$698,921
26$1,188,303$397,860$65,238$725,205
27$1,235,835$415,447$67,847$752,541
28$1,285,269$433,737$70,561$780,970
29$1,336,679$452,759$73,384$810,537
30$1,390,147$472,542$76,319$841,286
Total$25,000,000$8,010,982$1,372,499$15,616,516

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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.