The jackpot for the Powerball draw on Sat May 10, 2025, is projected to be $82 Million, with an option for a cash payout of $37.7 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 May 10, 2025 |
|---|
| Draw Date | Sat May 10, 2025 | | Projected Jackpot | $82,000,000 | | Cash Value | $37,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,700,000 | | Federal Tax(24%) | $9,048,000 | | Additional Federal Tax | $4,861,330 | | State Tax(5.75%) | $2,167,750 | | Net Lumpsum Payment | $21,622,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,234,182 |
$416,978
$70,965 |
$746,239 |
| 2 |
$1,295,928 |
$439,824
$74,516 |
$781,588 |
| 3 |
$1,360,708 |
$463,792
$78,241 |
$818,675 |
| 4 |
$1,428,768 |
$488,975
$82,154 |
$857,639 |
| 5 |
$1,500,190 |
$515,401
$86,261 |
$898,528 |
| 6 |
$1,575,220 |
$543,162
$90,575 |
$941,483 |
| 7 |
$1,653,940 |
$572,288
$95,102 |
$986,550 |
| 8 |
$1,736,678 |
$602,901
$99,859 |
$1,033,918 |
| 9 |
$1,823,516 |
$635,031
$104,852 |
$1,083,633 |
| 10 |
$1,914,700 |
$668,769
$110,095 |
$1,135,836 |
| 11 |
$2,010,394 |
$704,176
$115,598 |
$1,190,620 |
| 12 |
$2,110,926 |
$741,373
$121,378 |
$1,248,175 |
| 13 |
$2,216,460 |
$780,421
$127,446 |
$1,308,593 |
| 14 |
$2,327,324 |
$821,440
$133,821 |
$1,372,063 |
| 15 |
$2,443,682 |
$864,493
$140,512 |
$1,438,677 |
| 16 |
$2,565,862 |
$909,699
$147,537 |
$1,508,626 |
| 17 |
$2,694,110 |
$957,151
$154,911 |
$1,582,048 |
| 18 |
$2,828,836 |
$1,007,000
$162,658 |
$1,659,178 |
| 19 |
$2,970,286 |
$1,059,336
$170,791 |
$1,740,159 |
| 20 |
$3,118,788 |
$1,114,282
$179,330 |
$1,825,176 |
| 21 |
$3,274,752 |
$1,171,989
$188,298 |
$1,914,465 |
| 22 |
$3,438,506 |
$1,232,578
$197,714 |
$2,008,214 |
| 23 |
$3,610,378 |
$1,296,170
$207,597 |
$2,106,611 |
| 24 |
$3,790,942 |
$1,362,979
$217,979 |
$2,209,984 |
| 25 |
$3,980,444 |
$1,433,095
$228,876 |
$2,318,473 |
| 26 |
$4,179,540 |
$1,506,760
$240,324 |
$2,432,456 |
| 27 |
$4,388,476 |
$1,584,067
$252,337 |
$2,552,072 |
| 28 |
$4,607,908 |
$1,665,256
$264,955 |
$2,677,697 |
| 29 |
$4,838,328 |
$1,750,512
$278,204 |
$2,809,612 |
| 30 |
$5,080,228 |
$1,840,015
$292,113 |
$2,948,100 |
|
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