The jackpot for the Powerball draw on Sat May 31, 2025, is projected to be $207 Million, with an option for a cash payout of $91 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 31, 2025 |
|---|
| Draw Date | Sat May 31, 2025 | | Projected Jackpot | $207,000,000 | | Cash Value | $91,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $91,000,000 | | Federal Tax(24%) | $21,840,000 | | Additional Federal Tax | $11,790,330 | | State Tax(5.75%) | $5,232,500 | | Net Lumpsum Payment | $52,137,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,115,557 |
$1,113,086
$179,145 |
$1,823,326 |
| 2 |
$3,271,428 |
$1,170,759
$188,107 |
$1,912,562 |
| 3 |
$3,434,958 |
$1,231,265
$197,510 |
$2,006,183 |
| 4 |
$3,606,768 |
$1,294,835
$207,389 |
$2,104,544 |
| 5 |
$3,787,065 |
$1,361,544
$217,756 |
$2,207,765 |
| 6 |
$3,976,470 |
$1,431,624
$228,647 |
$2,316,199 |
| 7 |
$4,175,190 |
$1,505,151
$240,073 |
$2,429,966 |
| 8 |
$4,384,053 |
$1,582,430
$252,083 |
$2,549,540 |
| 9 |
$4,603,266 |
$1,663,539
$264,688 |
$2,675,039 |
| 10 |
$4,833,450 |
$1,748,707
$277,923 |
$2,806,820 |
| 11 |
$5,075,019 |
$1,838,087
$291,814 |
$2,945,118 |
| 12 |
$5,328,801 |
$1,931,987
$306,406 |
$3,090,408 |
| 13 |
$5,595,210 |
$2,030,558
$321,725 |
$3,242,927 |
| 14 |
$5,875,074 |
$2,134,108
$337,817 |
$3,403,149 |
| 15 |
$6,168,807 |
$2,242,789
$354,706 |
$3,571,312 |
| 16 |
$6,477,237 |
$2,356,908
$372,441 |
$3,747,888 |
| 17 |
$6,800,985 |
$2,476,695
$391,057 |
$3,933,233 |
| 18 |
$7,141,086 |
$2,602,532
$410,612 |
$4,127,942 |
| 19 |
$7,498,161 |
$2,734,650
$431,144 |
$4,332,367 |
| 20 |
$7,873,038 |
$2,873,354
$452,700 |
$4,546,984 |
| 21 |
$8,266,752 |
$3,019,029
$475,338 |
$4,772,385 |
| 22 |
$8,680,131 |
$3,171,979
$499,108 |
$5,009,044 |
| 23 |
$9,114,003 |
$3,332,511
$524,055 |
$5,257,437 |
| 24 |
$9,569,817 |
$3,501,163
$550,264 |
$5,518,390 |
| 25 |
$10,048,194 |
$3,678,162
$577,771 |
$5,792,261 |
| 26 |
$10,550,790 |
$3,864,123
$606,670 |
$6,079,997 |
| 27 |
$11,078,226 |
$4,059,274
$636,998 |
$6,381,954 |
| 28 |
$11,632,158 |
$4,264,229
$668,849 |
$6,699,080 |
| 29 |
$12,213,828 |
$4,479,447
$702,295 |
$7,032,086 |
| 30 |
$12,824,478 |
$4,705,387
$737,407 |
$7,381,684 |
|
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