USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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The tax information provided here is based on 2022 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 $325,400,000 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 prize money, as well as deductions claimed.

State:

Georgia

Drawing Date:Sat, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$281,620$2,840,999
2$5,142,624$1,865,726$295,701$2,981,197
3$5,399,755$1,960,864$310,486$3,128,405
4$5,669,743$2,060,760$326,010$3,282,973
5$5,953,230$2,165,650$342,311$3,445,269
6$6,250,891$2,275,785$359,426$3,615,680
7$6,563,436$2,391,426$377,398$3,794,612
8$6,891,608$2,512,850$396,267$3,982,491
9$7,236,188$2,640,345$416,081$4,179,763
10$7,597,998$2,774,214$436,885$4,386,899
11$7,977,898$2,914,777$458,729$4,604,391
12$8,376,792$3,062,368$481,666$4,832,759
13$8,795,632$3,217,339$505,749$5,072,544
14$9,235,414$3,380,058$531,036$5,324,319
15$9,697,184$3,550,913$557,588$5,588,683
16$10,182,044$3,730,311$585,468$5,866,265
17$10,691,146$3,918,679$614,741$6,157,726
18$11,225,703$4,116,465$645,478$6,463,760
19$11,786,988$4,324,141$677,752$6,785,096
20$12,376,337$4,542,200$711,639$7,122,498
21$12,995,154$4,771,162$747,221$7,476,771
22$13,644,912$5,011,572$784,582$7,848,757
23$14,327,158$5,264,003$823,812$8,239,343
24$15,043,515$5,529,056$865,002$8,649,458
25$15,795,691$5,807,361$908,252$9,080,078
26$16,585,476$6,099,581$953,665$9,532,230
27$17,414,750$6,406,412$1,001,348$10,006,989
28$18,285,487$6,728,585$1,051,415$10,505,486
29$19,199,761$7,066,867$1,103,986$11,028,908
30$20,159,750$7,422,062$1,159,186$11,578,502
Total$325,400,001$119,286,650$18,710,500$187,402,851

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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.