The jackpot for the Powerball draw on Sat Apr 19, 2025, is projected to be $131 Million, with an option for a cash payout of $58.6 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 Apr 19, 2025 |
|---|
| Draw Date | Sat Apr 19, 2025 | | Projected Jackpot | $131,000,000 | | Cash Value | $58,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $58,600,000 | | Federal Tax(24%) | $14,064,000 | | Additional Federal Tax | $7,578,330 | | State Tax(5.75%) | $3,369,500 | | Net Lumpsum Payment | $33,588,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$113,372 |
$1,168,457 |
| 2 |
$2,070,324 |
$726,350
$119,044 |
$1,224,930 |
| 3 |
$2,173,814 |
$764,642
$124,994 |
$1,284,178 |
| 4 |
$2,282,544 |
$804,872
$131,246 |
$1,346,426 |
| 5 |
$2,396,645 |
$847,089
$137,807 |
$1,411,749 |
| 6 |
$2,516,510 |
$891,439
$144,699 |
$1,480,372 |
| 7 |
$2,642,270 |
$937,970
$151,931 |
$1,552,369 |
| 8 |
$2,774,449 |
$986,877
$159,531 |
$1,628,041 |
| 9 |
$2,913,178 |
$1,038,206
$167,508 |
$1,707,464 |
| 10 |
$3,058,850 |
$1,092,105
$175,884 |
$1,790,861 |
| 11 |
$3,211,727 |
$1,148,669
$184,674 |
$1,878,384 |
| 12 |
$3,372,333 |
$1,208,094
$193,909 |
$1,970,330 |
| 13 |
$3,540,930 |
$1,270,474
$203,603 |
$2,066,853 |
| 14 |
$3,718,042 |
$1,336,006
$213,787 |
$2,168,249 |
| 15 |
$3,903,931 |
$1,404,785
$224,476 |
$2,274,670 |
| 16 |
$4,099,121 |
$1,477,005
$235,699 |
$2,386,417 |
| 17 |
$4,304,005 |
$1,552,812
$247,480 |
$2,503,713 |
| 18 |
$4,519,238 |
$1,632,448
$259,856 |
$2,626,934 |
| 19 |
$4,745,213 |
$1,716,059
$272,850 |
$2,756,304 |
| 20 |
$4,982,454 |
$1,803,838
$286,491 |
$2,892,125 |
| 21 |
$5,231,616 |
$1,896,028
$300,818 |
$3,034,770 |
| 22 |
$5,493,223 |
$1,992,823
$315,860 |
$3,184,540 |
| 23 |
$5,767,799 |
$2,094,416
$331,648 |
$3,341,735 |
| 24 |
$6,056,261 |
$2,201,147
$348,235 |
$3,506,879 |
| 25 |
$6,359,002 |
$2,313,161
$365,643 |
$3,680,198 |
| 26 |
$6,677,070 |
$2,430,846
$383,932 |
$3,862,292 |
| 27 |
$7,010,858 |
$2,554,348
$403,124 |
$4,053,386 |
| 28 |
$7,361,414 |
$2,684,054
$423,281 |
$4,254,079 |
| 29 |
$7,729,524 |
$2,820,254
$444,448 |
$4,464,822 |
| 30 |
$8,115,974 |
$2,963,241
$466,669 |
$4,686,064 |
|
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