Jackpot Analysis Georgia Powerball

Jackpot Analysis for Georgia Powerball
The jackpot for the Powerball draw on Sat Jun 21, 2025, is projected to be $118 Million, with an option for a cash payout of $53.4 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 Jun 21, 2025
Draw DateSat Jun 21, 2025
Projected Jackpot$118,000,000
Cash Value$53,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$53,400,000
Federal Tax(24%)$12,816,000
Additional Federal Tax$6,902,330
State Tax(5.75%)$3,070,500
Net Lumpsum Payment$30,611,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,776,018 $617,457
$102,121
$1,056,440
2 $1,864,872 $650,333
$107,230
$1,107,309
3 $1,958,092 $684,824
$112,590
$1,160,678
4 $2,056,032 $721,062
$118,222
$1,216,748
5 $2,158,810 $759,090
$124,132
$1,275,588
6 $2,266,780 $799,039
$130,340
$1,337,401
7 $2,380,060 $840,953
$136,853
$1,402,254
8 $2,499,122 $885,006
$143,700
$1,470,416
9 $2,624,084 $931,241
$150,885
$1,541,958
10 $2,755,300 $979,791
$158,430
$1,617,079
11 $2,893,006 $1,030,743
$166,348
$1,695,915
12 $3,037,674 $1,084,270
$174,666
$1,778,738
13 $3,189,540 $1,140,460
$183,399
$1,865,681
14 $3,349,076 $1,199,489
$192,572
$1,957,015
15 $3,516,518 $1,261,442
$202,200
$2,052,876
16 $3,692,338 $1,326,495
$212,309
$2,153,534
17 $3,876,890 $1,394,780
$222,921
$2,259,189
18 $4,070,764 $1,466,513
$234,069
$2,370,182
19 $4,274,314 $1,541,827
$245,773
$2,486,714
20 $4,488,012 $1,620,895
$258,061
$2,609,056
21 $4,712,448 $1,703,936
$270,966
$2,737,546
22 $4,948,094 $1,791,125
$284,515
$2,872,454
23 $5,195,422 $1,882,637
$298,737
$3,014,048
24 $5,455,258 $1,978,776
$313,677
$3,162,805
25 $5,727,956 $2,079,674
$329,357
$3,318,925
26 $6,014,460 $2,185,681
$345,831
$3,482,948
27 $6,315,124 $2,296,926
$363,120
$3,655,078
28 $6,630,892 $2,413,760
$381,276
$3,835,856
29 $6,962,472 $2,536,445
$400,342
$4,025,685
30 $7,310,572 $2,665,242
$420,358
$4,224,972