The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia Powerball Jackpot/Cash Option for Sat Jul 19, 2025 |
|---|
| Draw Date | Sat Jul 19, 2025 | | Projected Jackpot | $288,000,000 | | Cash Value | $130,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $130,600,000 | | Federal Tax(24%) | $31,344,000 | | Additional Federal Tax | $16,938,330 | | State Tax(5.75%) | $7,509,500 | | Net Lumpsum Payment | $74,808,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,334,688 |
$1,564,165
$249,245 |
$2,521,278 |
| 2 |
$4,551,552 |
$1,644,405
$261,714 |
$2,645,433 |
| 3 |
$4,779,072 |
$1,728,587
$274,797 |
$2,775,688 |
| 4 |
$5,018,112 |
$1,817,032
$288,541 |
$2,912,539 |
| 5 |
$5,268,960 |
$1,909,846
$302,965 |
$3,056,149 |
| 6 |
$5,532,480 |
$2,007,348
$318,118 |
$3,207,014 |
| 7 |
$5,808,960 |
$2,109,646
$334,015 |
$3,365,299 |
| 8 |
$6,099,552 |
$2,217,165
$350,724 |
$3,531,663 |
| 9 |
$6,404,544 |
$2,330,012
$368,261 |
$3,706,271 |
| 10 |
$6,724,800 |
$2,448,506
$386,676 |
$3,889,618 |
| 11 |
$7,060,896 |
$2,572,862
$406,002 |
$4,082,032 |
| 12 |
$7,413,984 |
$2,703,504
$426,304 |
$4,284,176 |
| 13 |
$7,784,640 |
$2,840,647
$447,617 |
$4,496,376 |
| 14 |
$8,174,016 |
$2,984,716
$470,006 |
$4,719,294 |
| 15 |
$8,582,688 |
$3,135,925
$493,505 |
$4,953,258 |
| 16 |
$9,011,808 |
$3,294,699
$518,179 |
$5,198,930 |
| 17 |
$9,462,240 |
$3,461,359
$544,079 |
$5,456,802 |
| 18 |
$9,935,424 |
$3,636,437
$571,287 |
$5,727,700 |
| 19 |
$10,432,224 |
$3,820,253
$599,853 |
$6,012,118 |
| 20 |
$10,953,792 |
$4,013,233
$629,843 |
$6,310,716 |
| 21 |
$11,501,568 |
$4,215,911
$661,340 |
$6,624,317 |
| 22 |
$12,076,704 |
$4,428,711
$694,410 |
$6,953,583 |
| 23 |
$12,680,352 |
$4,652,061
$729,120 |
$7,299,171 |
| 24 |
$13,314,528 |
$4,886,706
$765,585 |
$7,662,237 |
| 25 |
$13,980,096 |
$5,132,966
$803,856 |
$8,043,274 |
| 26 |
$14,679,360 |
$5,391,694
$844,063 |
$8,443,603 |
| 27 |
$15,413,184 |
$5,663,208
$886,258 |
$8,863,718 |
| 28 |
$16,183,872 |
$5,948,363
$930,573 |
$9,304,936 |
| 29 |
$16,993,152 |
$6,247,797
$977,106 |
$9,768,249 |
| 30 |
$17,842,752 |
$6,562,149
$1,025,958 |
$10,254,645 |
|
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