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 |
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Draw Date | Sat Jul 19, 2025 | Projected Jackpot | $288,000,000 | Cash Value | $130,600,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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