USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,545,506$384,075$4,066,326
2$7,345,702$2,674,930$403,279$4,267,493
3$7,712,987$2,810,826$423,443$4,478,719
4$8,098,637$2,953,516$444,615$4,700,506
5$8,503,569$3,103,341$466,846$4,933,382
6$8,928,747$3,260,657$490,188$5,177,902
7$9,375,185$3,425,839$514,698$5,434,648
8$9,843,944$3,599,279$540,433$5,704,232
9$10,336,141$3,781,392$567,454$5,987,294
10$10,852,948$3,972,611$595,827$6,284,510
11$11,395,595$4,173,391$625,618$6,596,587
12$11,965,375$4,384,209$656,899$6,924,267
13$12,563,644$4,605,569$689,744$7,268,331
14$13,191,826$4,837,996$724,231$7,629,599
15$13,851,417$5,082,045$760,443$8,008,930
16$14,543,988$5,338,296$798,465$8,407,228
17$15,271,188$5,607,360$838,388$8,825,440
18$16,034,747$5,889,877$880,308$9,264,563
19$16,836,484$6,186,519$924,323$9,725,642
20$17,678,309$6,497,994$970,539$10,209,775
21$18,562,224$6,825,043$1,019,066$10,718,115
22$19,490,335$7,168,444$1,070,019$11,251,872
23$20,464,852$7,529,016$1,123,520$11,812,316
24$21,488,094$7,907,615$1,179,696$12,400,783
25$22,562,499$8,305,145$1,238,681$13,018,673
26$23,690,625$8,722,551$1,300,615$13,667,458
27$24,875,156$9,160,828$1,365,646$14,348,682
28$26,118,913$9,621,018$1,433,928$15,063,967
29$27,424,859$10,104,218$1,505,625$15,815,016
30$28,796,102$10,611,578$1,580,906$16,603,618
Total$464,800,001$170,686,609$25,517,518$268,595,874

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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.