5.49% state lottery tax
Georgia Powerball Tax Calculator
Last updated:
Georgia applies a 5.49% state lottery tax. Combined with the 24% federal withholding and the top-bracket federal adjustment, the effective tax on a large jackpot lands around 38–42%.
Note: 5.49% flat rate
Georgia after-tax take-home by jackpot tier
24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.
| Advertised | Cash take-home | Cash effective | Annuity take-home |
|---|---|---|---|
| $100M | $34.6M | 42.35% | $57.6M |
| $300M | $103.6M | 42.44% | $172.6M |
| $500M | $172.6M | 42.46% | $287.6M |
| $700M | $241.6M | 42.47% | $402.7M |
| $1B | $345.1M | 42.48% | $575.2M |
| $1.5B | $517.7M | 42.48% | $862.7M |
| $2B | $690.2M | 42.48% | $1.2B |
Georgia vs neighboring states ($1B cash)
| State | Rate | Cash take-home |
|---|---|---|
| Georgia (GA) | 5.49% | $345.1M |
| Florida (FL) | 0% | $378.1M |
| Alabama (AL) | 5% | $348.1M |
| Tennessee (TN) | 0% | $378.1M |