USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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The tax information provided here is based on 2024 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 $78,400,000 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, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$64,784$720,449
2$1,239,034$416,630$68,023$754,381
3$1,300,986$439,553$71,424$790,009
4$1,366,035$463,621$74,995$827,419
5$1,434,337$488,892$78,745$866,699
6$1,506,054$515,428$82,682$907,944
7$1,581,356$543,290$86,816$951,250
8$1,660,424$572,545$91,157$996,722
9$1,743,445$603,263$95,715$1,044,468
10$1,830,618$635,516$100,501$1,094,601
11$1,922,149$669,383$105,526$1,147,240
12$2,018,256$704,942$110,802$1,202,511
13$2,119,169$742,280$116,342$1,260,546
14$2,225,127$781,485$122,159$1,321,483
15$2,336,384$822,650$128,267$1,385,466
16$2,453,203$865,873$134,681$1,452,649
17$2,575,863$911,257$141,415$1,523,191
18$2,704,656$958,911$148,486$1,597,260
19$2,839,889$1,008,947$155,910$1,675,032
20$2,981,883$1,061,485$163,705$1,756,693
21$3,130,978$1,116,649$171,891$1,842,437
22$3,287,526$1,174,573$180,485$1,932,469
23$3,451,903$1,235,392$189,509$2,027,002
24$3,624,498$1,299,252$198,985$2,126,261
25$3,805,723$1,366,305$208,934$2,230,483
26$3,996,009$1,436,711$219,381$2,339,917
27$4,195,809$1,510,637$230,350$2,454,822
28$4,405,600$1,588,260$241,867$2,575,473
29$4,625,880$1,669,763$253,961$2,702,156
30$4,857,174$1,755,342$266,659$2,835,173
Total$78,400,000$27,753,635$4,304,157$46,342,206

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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.