The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(5.75%) | $12,586,750 | | Net Lumpsum Payment | $125,359,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$417,138 |
$4,192,918 |
| 2 |
$7,617,528 |
$2,778,816
$438,008 |
$4,400,704 |
| 3 |
$7,998,308 |
$2,919,704
$459,903 |
$4,618,701 |
| 4 |
$8,398,368 |
$3,067,727
$482,906 |
$4,847,735 |
| 5 |
$8,818,190 |
$3,223,061
$507,046 |
$5,088,083 |
| 6 |
$9,259,220 |
$3,386,242
$532,405 |
$5,340,573 |
| 7 |
$9,721,940 |
$3,557,448
$559,012 |
$5,605,480 |
| 8 |
$10,208,278 |
$3,737,393
$586,976 |
$5,883,909 |
| 9 |
$10,718,716 |
$3,926,255
$616,326 |
$6,176,135 |
| 10 |
$11,254,700 |
$4,124,569
$647,145 |
$6,482,986 |
| 11 |
$11,817,194 |
$4,332,692
$679,489 |
$6,805,013 |
| 12 |
$12,408,126 |
$4,551,337
$713,467 |
$7,143,322 |
| 13 |
$13,028,460 |
$4,780,861
$749,136 |
$7,498,463 |
| 14 |
$13,680,124 |
$5,021,976
$786,607 |
$7,871,541 |
| 15 |
$14,364,082 |
$5,275,041
$825,935 |
$8,263,106 |
| 16 |
$15,082,262 |
$5,540,767
$867,230 |
$8,674,265 |
| 17 |
$15,836,110 |
$5,819,691
$910,576 |
$9,105,843 |
| 18 |
$16,628,036 |
$6,112,704
$956,112 |
$9,559,220 |
| 19 |
$17,459,486 |
$6,420,340
$1,003,920 |
$10,035,226 |
| 20 |
$18,332,388 |
$6,743,314
$1,054,112 |
$10,534,962 |
| 21 |
$19,249,152 |
$7,082,517
$1,106,826 |
$11,059,809 |
| 22 |
$20,211,706 |
$7,438,662
$1,162,173 |
$11,610,871 |
| 23 |
$21,221,978 |
$7,812,462
$1,220,264 |
$12,189,252 |
| 24 |
$22,283,342 |
$8,205,167
$1,281,292 |
$12,796,883 |
| 25 |
$23,397,244 |
$8,617,311
$1,345,342 |
$13,434,591 |
| 26 |
$24,567,540 |
$9,050,320
$1,412,634 |
$14,104,586 |
| 27 |
$25,795,676 |
$9,504,731
$1,483,251 |
$14,807,694 |
| 28 |
$27,085,508 |
$9,981,968
$1,557,417 |
$15,546,123 |
| 29 |
$28,439,928 |
$10,483,104
$1,635,296 |
$16,321,528 |
| 30 |
$29,861,828 |
$11,009,207
$1,717,055 |
$17,135,566 |
|
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