USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 5.29%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,004,646$149,782$1,676,992
2$2,944,677$1,046,551$155,773$1,742,353
3$3,062,464$1,090,132$162,004$1,810,327
4$3,184,962$1,135,456$168,484$1,881,021
5$3,312,361$1,182,594$175,224$1,954,543
6$3,444,855$1,231,617$182,233$2,031,006
7$3,582,649$1,282,600$189,522$2,110,527
8$3,725,955$1,335,624$197,103$2,193,229
9$3,874,993$1,390,768$204,987$2,279,238
10$4,029,993$1,448,118$213,187$2,368,689
11$4,191,193$1,507,762$221,714$2,461,717
12$4,358,841$1,569,791$230,583$2,558,467
13$4,533,194$1,634,302$239,806$2,659,086
14$4,714,522$1,701,393$249,398$2,763,730
15$4,903,103$1,771,168$259,374$2,872,560
16$5,099,227$1,843,734$269,749$2,985,744
17$5,303,196$1,919,203$280,539$3,103,454
18$5,515,324$1,997,690$291,761$3,225,873
19$5,735,937$2,079,317$303,431$3,353,189
20$5,965,374$2,164,209$315,568$3,485,597
21$6,203,989$2,252,496$328,191$3,623,302
22$6,452,149$2,344,315$341,319$3,766,515
23$6,710,235$2,439,807$354,971$3,915,456
24$6,978,644$2,539,119$369,170$4,070,355
25$7,257,790$2,642,403$383,937$4,231,450
26$7,548,102$2,749,818$399,295$4,398,989
27$7,850,026$2,861,530$415,266$4,573,230
28$8,164,027$2,977,710$431,877$4,754,440
29$8,490,588$3,098,538$449,152$4,942,898
30$8,830,211$3,224,198$467,118$5,138,895
Total$158,800,000$57,466,609$8,400,518$92,932,872

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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.