USA Mega

Georgia Powerball Jackpot Annuity Payout Schedule for Sep 21, 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 $196,800,000 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, Sep 21, 2024
Jackpot:$196,800,000
Federal Tax:37% marginal rate
State Tax: 5.49%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,962,122$1,054,173$162,621$1,745,329
2$3,110,229$1,108,972$170,752$1,830,505
3$3,265,740$1,166,512$179,289$1,919,939
4$3,429,027$1,226,928$188,254$2,013,846
5$3,600,478$1,290,365$197,666$2,112,447
6$3,780,502$1,356,974$207,550$2,215,979
7$3,969,527$1,426,913$217,927$2,324,687
8$4,168,004$1,500,349$228,823$2,438,831
9$4,376,404$1,577,457$240,265$2,558,682
10$4,595,224$1,658,421$252,278$2,684,526
11$4,824,985$1,743,432$264,892$2,816,661
12$5,066,235$1,832,695$278,136$2,955,404
13$5,319,546$1,926,420$292,043$3,101,083
14$5,585,524$2,024,832$306,645$3,254,047
15$5,864,800$2,128,164$321,978$3,414,659
16$6,158,040$2,236,663$338,076$3,583,301
17$6,465,942$2,350,586$354,980$3,760,375
18$6,789,239$2,470,206$372,729$3,946,304
19$7,128,701$2,595,807$391,366$4,141,528
20$7,485,136$2,727,688$410,934$4,346,514
21$7,859,393$2,866,163$431,481$4,561,749
22$8,252,362$3,011,562$453,055$4,787,746
23$8,664,980$3,164,231$475,707$5,025,042
24$9,098,229$3,324,533$499,493$5,274,204
25$9,553,141$3,492,850$524,467$5,535,824
26$10,030,798$3,669,583$550,691$5,810,524
27$10,532,338$3,855,153$578,225$6,098,960
28$11,058,955$4,050,001$607,137$6,401,817
29$11,611,902$4,254,592$637,493$6,719,817
30$12,192,498$4,469,412$669,368$7,053,718
Total$196,800,000$71,561,637$10,804,321$114,434,048

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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.