The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sep 20, 2025 |
---|
Draw Date | Sat Sep 20, 2025 | Projected Jackpot | $99,000,000 | Cash Value | $46,300,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $46,300,000 | Federal Tax(24%) | $11,112,000 | Additional Federal Tax | $5,979,330 | State Tax(5.75%) | $2,662,250 | Net Lumpsum Payment | $26,546,420 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,490,049 |
$511,649 $85,678 |
$892,722 |
2 |
$1,564,596 |
$539,231 $89,964 |
$935,401 |
3 |
$1,642,806 |
$568,169 $94,461 |
$980,176 |
4 |
$1,724,976 |
$598,572 $99,186 |
$1,027,218 |
5 |
$1,811,205 |
$630,476 $104,144 |
$1,076,585 |
6 |
$1,901,790 |
$663,993 $109,353 |
$1,128,444 |
7 |
$1,996,830 |
$699,157 $114,818 |
$1,182,855 |
8 |
$2,096,721 |
$736,117 $120,561 |
$1,240,043 |
9 |
$2,201,562 |
$774,908 $126,590 |
$1,300,064 |
10 |
$2,311,650 |
$815,641 $132,920 |
$1,363,089 |
11 |
$2,427,183 |
$858,388 $139,563 |
$1,429,232 |
12 |
$2,548,557 |
$903,296 $146,542 |
$1,498,719 |
13 |
$2,675,970 |
$950,439 $153,868 |
$1,571,663 |
14 |
$2,809,818 |
$999,963 $161,565 |
$1,648,290 |
15 |
$2,950,299 |
$1,051,941 $169,642 |
$1,728,716 |
16 |
$3,097,809 |
$1,106,520 $178,124 |
$1,813,165 |
17 |
$3,252,645 |
$1,163,809 $187,027 |
$1,901,809 |
18 |
$3,415,302 |
$1,223,992 $196,380 |
$1,994,930 |
19 |
$3,586,077 |
$1,287,179 $206,199 |
$2,092,699 |
20 |
$3,765,366 |
$1,353,516 $216,509 |
$2,195,341 |
21 |
$3,953,664 |
$1,423,186 $227,336 |
$2,303,142 |
22 |
$4,151,367 |
$1,496,336 $238,704 |
$2,416,327 |
23 |
$4,358,871 |
$1,573,113 $250,635 |
$2,535,123 |
24 |
$4,576,869 |
$1,653,772 $263,170 |
$2,659,927 |
25 |
$4,805,658 |
$1,738,424 $276,325 |
$2,790,909 |
26 |
$5,046,030 |
$1,827,361 $290,147 |
$2,928,522 |
27 |
$5,298,282 |
$1,920,695 $304,651 |
$3,072,936 |
28 |
$5,563,206 |
$2,018,717 $319,884 |
$3,224,605 |
29 |
$5,841,396 |
$2,121,647 $335,880 |
$3,383,869 |
30 |
$6,133,446 |
$2,229,705 $352,673 |
$3,551,068 |
|
|