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Georgia Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$80,401$837,559
2$1,468,192$506,186$84,421$877,585
3$1,541,602$533,348$88,642$919,612
4$1,618,682$561,867$93,074$963,740
5$1,699,616$591,813$97,728$1,010,075
6$1,784,597$623,256$102,614$1,058,727
7$1,873,827$656,271$107,745$1,109,811
8$1,967,518$690,937$113,132$1,163,449
9$2,065,894$727,336$118,789$1,219,769
10$2,169,189$765,555$124,728$1,278,905
11$2,277,648$805,685$130,965$1,340,999
12$2,391,530$847,821$137,513$1,406,196
13$2,511,107$892,065$144,389$1,474,654
14$2,636,662$938,520$151,608$1,546,534
15$2,768,495$987,298$159,188$1,622,009
16$2,906,920$1,038,515$167,148$1,701,257
17$3,052,266$1,092,293$175,505$1,784,467
18$3,204,880$1,148,760$184,281$1,871,839
19$3,365,123$1,208,051$193,495$1,963,578
20$3,533,380$1,270,305$203,169$2,059,905
21$3,710,049$1,335,673$213,328$2,161,048
22$3,895,551$1,404,309$223,994$2,267,248
23$4,090,329$1,476,377$235,194$2,378,758
24$4,294,845$1,552,048$246,954$2,495,844
25$4,509,587$1,631,502$259,301$2,618,784
26$4,735,067$1,714,930$272,266$2,747,871
27$4,971,820$1,802,528$285,880$2,883,412
28$5,220,411$1,894,507$300,174$3,025,730
29$5,481,432$1,991,085$315,182$3,175,165
30$5,755,503$2,092,491$330,941$3,332,071
Total$92,900,000$33,261,650$5,341,749$54,296,601

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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.