The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 5, 2025 |
|---|
| Draw Date | Sat Jul 5, 2025 | | Projected Jackpot | $190,000,000 | | Cash Value | $87,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,000,000 | | Federal Tax(24%) | $20,880,000 | | Additional Federal Tax | $11,270,330 | | State Tax(5.75%) | $5,002,500 | | Net Lumpsum Payment | $49,847,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$164,432 |
$1,676,842 |
| 2 |
$3,002,760 |
$1,071,352
$172,659 |
$1,758,749 |
| 3 |
$3,152,860 |
$1,126,889
$181,289 |
$1,844,682 |
| 4 |
$3,310,560 |
$1,185,238
$190,357 |
$1,934,965 |
| 5 |
$3,476,050 |
$1,246,469
$199,873 |
$2,029,708 |
| 6 |
$3,649,900 |
$1,310,793
$209,869 |
$2,129,238 |
| 7 |
$3,832,300 |
$1,378,281
$220,357 |
$2,233,662 |
| 8 |
$4,024,010 |
$1,449,214
$231,381 |
$2,343,415 |
| 9 |
$4,225,220 |
$1,523,662
$242,950 |
$2,458,608 |
| 10 |
$4,436,500 |
$1,601,835
$255,099 |
$2,579,566 |
| 11 |
$4,658,230 |
$1,683,875
$267,848 |
$2,706,507 |
| 12 |
$4,891,170 |
$1,770,063
$281,242 |
$2,839,865 |
| 13 |
$5,135,700 |
$1,860,539
$295,303 |
$2,979,858 |
| 14 |
$5,392,580 |
$1,955,585
$310,073 |
$3,126,922 |
| 15 |
$5,662,190 |
$2,055,341
$325,576 |
$3,281,273 |
| 16 |
$5,945,290 |
$2,160,088
$341,854 |
$3,443,348 |
| 17 |
$6,242,450 |
$2,270,037
$358,941 |
$3,613,472 |
| 18 |
$6,554,620 |
$2,385,540
$376,891 |
$3,792,189 |
| 19 |
$6,882,370 |
$2,506,807
$395,736 |
$3,979,827 |
| 20 |
$7,226,460 |
$2,634,121
$415,521 |
$4,176,818 |
| 21 |
$7,587,840 |
$2,767,831
$436,301 |
$4,383,708 |
| 22 |
$7,967,270 |
$2,908,220
$458,118 |
$4,600,932 |
| 23 |
$8,365,510 |
$3,055,569
$481,017 |
$4,828,924 |
| 24 |
$8,783,890 |
$3,210,370
$505,074 |
$5,068,446 |
| 25 |
$9,222,980 |
$3,372,833
$530,321 |
$5,319,826 |
| 26 |
$9,684,300 |
$3,543,521
$556,847 |
$5,583,932 |
| 27 |
$10,168,420 |
$3,722,646
$584,684 |
$5,861,090 |
| 28 |
$10,676,860 |
$3,910,769
$613,919 |
$6,152,172 |
| 29 |
$11,210,760 |
$4,108,312
$644,619 |
$6,457,829 |
| 30 |
$11,771,260 |
$4,315,697
$676,847 |
$6,778,716 |
|
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