USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 5.19%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,450,832$349,808$3,939,393
2$7,077,034$2,575,523$367,298$4,134,213
3$7,430,886$2,706,448$385,663$4,338,775
4$7,802,430$2,843,920$404,946$4,553,565
5$8,192,552$2,988,264$425,193$4,779,094
6$8,602,179$3,139,827$446,453$5,015,900
7$9,032,289$3,298,967$468,776$5,264,546
8$9,483,903$3,466,064$492,215$5,525,624
9$9,958,098$3,641,517$516,825$5,799,756
10$10,456,003$3,825,741$542,667$6,087,595
11$10,978,803$4,019,177$569,800$6,389,826
12$11,527,743$4,222,285$598,290$6,707,168
13$12,104,130$4,435,548$628,204$7,040,377
14$12,709,337$4,659,475$659,615$7,390,247
15$13,344,804$4,894,598$692,595$7,757,611
16$14,012,044$5,141,477$727,225$8,143,342
17$14,712,646$5,400,699$763,586$8,548,360
18$15,448,278$5,672,883$801,766$8,973,629
19$16,220,692$5,958,676$841,854$9,420,162
20$17,031,727$6,258,759$883,947$9,889,021
21$17,883,313$6,573,846$928,144$10,381,323
22$18,777,479$6,904,687$974,551$10,898,240
23$19,716,353$7,252,071$1,023,279$11,441,003
24$20,702,170$7,616,823$1,074,443$12,010,904
25$21,737,279$7,999,813$1,128,165$12,609,301
26$22,824,143$8,401,953$1,184,573$13,237,617
27$23,965,350$8,824,200$1,243,802$13,897,349
28$25,163,617$9,267,559$1,305,992$14,590,067
29$26,421,798$9,733,086$1,371,291$15,317,421
30$27,742,888$10,221,889$1,439,856$16,081,144
Total$447,800,001$164,396,607$23,240,822$260,162,573

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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.