USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Dec 23, 2023

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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 $626,400,000 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 money, as well as deductions claimed.

State:

Georgia

Drawing Date:Sat, Dec 23, 2023
Jackpot:$626,400,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,428,219$3,445,461$517,609$5,465,148
2$9,899,630$3,619,883$543,490$5,736,257
3$10,394,611$3,803,026$570,664$6,020,921
4$10,914,342$3,995,327$599,197$6,319,818
5$11,460,059$4,197,242$629,157$6,633,660
6$12,033,062$4,409,253$660,615$6,963,194
7$12,634,715$4,631,865$693,646$7,309,205
8$13,266,451$4,865,607$728,328$7,672,516
9$13,929,774$5,111,036$764,745$8,053,993
10$14,626,262$5,368,737$802,982$8,454,543
11$15,357,575$5,639,323$843,131$8,875,121
12$16,125,454$5,923,438$885,287$9,316,728
13$16,931,727$6,221,759$929,552$9,780,416
14$17,778,313$6,534,996$976,029$10,267,288
15$18,667,229$6,863,895$1,024,831$10,778,503
16$19,600,590$7,209,239$1,076,072$11,315,279
17$20,580,619$7,571,849$1,129,876$11,878,894
18$21,609,651$7,952,591$1,186,370$12,470,690
19$22,690,133$8,352,369$1,245,688$13,092,075
20$23,824,640$8,772,137$1,307,973$13,744,530
21$25,015,872$9,212,893$1,373,371$14,429,607
22$26,266,665$9,675,686$1,442,040$15,148,939
23$27,579,999$10,161,620$1,514,142$15,904,237
24$28,958,998$10,671,850$1,589,849$16,697,300
25$30,406,948$11,207,591$1,669,341$17,530,016
26$31,927,296$11,770,120$1,752,809$18,404,368
27$33,523,661$12,360,775$1,840,449$19,322,437
28$35,199,843$12,980,962$1,932,471$20,286,410
29$36,959,836$13,632,159$2,029,095$21,298,581
30$38,807,828$14,315,917$2,130,550$22,361,361
Total$626,400,001$230,478,606$34,389,359$361,532,035

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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.