USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 5.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$247,521$2,501,492
2$4,519,946$1,635,335$259,897$2,624,714
3$4,745,943$1,718,954$272,892$2,754,097
4$4,983,241$1,806,754$286,536$2,889,950
5$5,232,402$1,898,944$300,863$3,032,595
6$5,494,023$1,995,743$315,906$3,182,373
7$5,768,724$2,097,383$331,702$3,339,639
8$6,057,160$2,204,104$348,287$3,504,769
9$6,360,018$2,316,162$365,701$3,678,155
10$6,678,019$2,433,822$383,986$3,860,211
11$7,011,920$2,557,365$403,185$4,051,369
12$7,362,516$2,687,086$423,345$4,252,085
13$7,730,641$2,823,292$444,512$4,462,837
14$8,117,174$2,966,309$466,737$4,684,127
15$8,523,032$3,116,477$490,074$4,916,481
16$8,949,184$3,274,153$514,578$5,160,453
17$9,396,643$3,439,713$540,307$5,416,623
18$9,866,475$3,613,551$567,322$5,685,602
19$10,359,799$3,796,081$595,688$5,968,030
20$10,877,789$3,987,737$625,473$6,264,579
21$11,421,678$4,188,976$656,747$6,575,956
22$11,992,762$4,400,277$689,584$6,902,901
23$12,592,400$4,622,143$724,063$7,246,194
24$13,222,020$4,855,102$760,266$7,606,652
25$13,883,121$5,099,710$798,279$7,985,132
26$14,577,278$5,356,548$838,193$8,382,536
27$15,306,141$5,626,227$880,103$8,799,811
28$16,071,448$5,909,391$924,108$9,237,949
29$16,875,021$6,206,713$970,314$9,697,994
30$17,718,772$6,518,901$1,018,829$10,181,042
Total$286,000,001$104,708,651$16,444,998$164,846,348

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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.