USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Jan 30, 2013

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The tax information provided here is based on 2026 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 $154,100,000 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, Jan 30, 2013
Jackpot:$154,100,000
Federal Tax:37% marginal rate
State Tax: 5.09%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,747,618$972,576$139,854$1,635,188
2$2,857,523$1,013,241$145,448$1,698,834
3$2,971,824$1,055,532$151,266$1,765,026
4$3,090,697$1,099,515$157,316$1,833,865
5$3,214,325$1,145,257$163,609$1,905,458
6$3,342,898$1,192,829$170,153$1,979,915
7$3,476,614$1,242,304$176,960$2,057,350
8$3,615,678$1,293,758$184,038$2,137,882
9$3,760,305$1,347,270$191,400$2,221,636
10$3,910,718$1,402,923$199,056$2,308,739
11$4,067,146$1,460,801$207,018$2,399,327
12$4,229,832$1,520,995$215,298$2,493,539
13$4,399,025$1,583,597$223,910$2,591,518
14$4,574,986$1,648,702$232,867$2,693,417
15$4,757,986$1,716,412$242,181$2,799,392
16$4,948,305$1,786,830$251,869$2,909,606
17$5,146,238$1,860,065$261,943$3,024,229
18$5,352,087$1,936,229$272,421$3,143,436
19$5,566,170$2,015,440$283,318$3,267,412
20$5,788,817$2,097,820$294,651$3,396,347
21$6,020,370$2,183,494$306,437$3,530,439
22$6,261,185$2,272,596$318,694$3,669,895
23$6,511,632$2,365,261$331,442$3,814,929
24$6,772,097$2,461,633$344,700$3,965,764
25$7,042,981$2,561,860$358,488$4,122,633
26$7,324,701$2,666,096$372,827$4,285,777
27$7,617,689$2,774,502$387,740$4,455,446
28$7,922,396$2,887,244$403,250$4,631,902
29$8,239,292$3,004,495$419,380$4,815,417
30$8,568,864$3,126,437$436,155$5,006,272
Total$154,100,000$55,695,714$7,843,689$90,560,590

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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.