The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(5.75%) | $24,661,750 | | Net Lumpsum Payment | $245,584,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$822,161 |
$8,225,532 |
| 2 |
$15,013,800 |
$5,515,436
$863,294 |
$8,635,070 |
| 3 |
$15,764,300 |
$5,793,121
$906,447 |
$9,064,732 |
| 4 |
$16,552,800 |
$6,084,866
$951,786 |
$9,516,148 |
| 5 |
$17,380,250 |
$6,391,023
$999,364 |
$9,989,863 |
| 6 |
$18,249,500 |
$6,712,645
$1,049,346 |
$10,487,509 |
| 7 |
$19,161,500 |
$7,050,085
$1,101,786 |
$11,009,629 |
| 8 |
$20,120,050 |
$7,404,749
$1,156,903 |
$11,558,398 |
| 9 |
$21,126,100 |
$7,776,987
$1,214,751 |
$12,134,362 |
| 10 |
$22,182,500 |
$8,167,855
$1,275,494 |
$12,739,151 |
| 11 |
$23,291,150 |
$8,578,056
$1,339,241 |
$13,373,853 |
| 12 |
$24,455,850 |
$9,008,995
$1,406,211 |
$14,040,644 |
| 13 |
$25,678,500 |
$9,461,375
$1,476,514 |
$14,740,611 |
| 14 |
$26,962,900 |
$9,936,603
$1,550,367 |
$15,475,930 |
| 15 |
$28,310,950 |
$10,435,382
$1,627,880 |
$16,247,688 |
| 16 |
$29,726,450 |
$10,959,117
$1,709,271 |
$17,058,062 |
| 17 |
$31,212,250 |
$11,508,863
$1,794,704 |
$17,908,683 |
| 18 |
$32,773,100 |
$12,086,377
$1,884,453 |
$18,802,270 |
| 19 |
$34,411,850 |
$12,692,715
$1,978,681 |
$19,740,454 |
| 20 |
$36,132,300 |
$13,329,281
$2,077,607 |
$20,725,412 |
| 21 |
$37,939,200 |
$13,997,834
$2,181,504 |
$21,759,862 |
| 22 |
$39,836,350 |
$14,699,780
$2,290,590 |
$22,845,980 |
| 23 |
$41,827,550 |
$15,436,524
$2,405,084 |
$23,985,942 |
| 24 |
$43,919,450 |
$16,210,527
$2,525,368 |
$25,183,555 |
| 25 |
$46,114,900 |
$17,022,843
$2,651,607 |
$26,440,450 |
| 26 |
$48,421,500 |
$17,876,285
$2,784,236 |
$27,760,979 |
| 27 |
$50,842,100 |
$18,771,907
$2,923,421 |
$29,146,772 |
| 28 |
$53,384,300 |
$19,712,521
$3,069,597 |
$30,602,182 |
| 29 |
$56,053,800 |
$20,700,236
$3,223,094 |
$32,130,470 |
| 30 |
$58,856,300 |
$21,737,161
$3,384,237 |
$33,734,902 |
|
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