The jackpot for the Powerball draw on Wed Apr 30, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Wed Apr 30, 2025 |
|---|
| Draw Date | Wed Apr 30, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(5.75%) | $799,250 | | Net Lumpsum Payment | $7,997,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$25,963 |
$298,171 |
| 2 |
$474,120 |
$135,755
$27,262 |
$311,103 |
| 3 |
$497,820 |
$144,524
$28,625 |
$324,671 |
| 4 |
$522,720 |
$153,737
$30,056 |
$338,927 |
| 5 |
$548,850 |
$163,405
$31,559 |
$353,886 |
| 6 |
$576,300 |
$173,561
$33,137 |
$369,602 |
| 7 |
$605,100 |
$184,217
$34,793 |
$386,090 |
| 8 |
$635,370 |
$195,417
$36,534 |
$403,419 |
| 9 |
$667,140 |
$207,172
$38,361 |
$421,607 |
| 10 |
$700,500 |
$219,515
$40,279 |
$440,706 |
| 11 |
$735,510 |
$232,469
$42,292 |
$460,749 |
| 12 |
$772,290 |
$246,078
$44,407 |
$481,805 |
| 13 |
$810,900 |
$260,363
$46,627 |
$503,910 |
| 14 |
$851,460 |
$275,371
$48,959 |
$527,130 |
| 15 |
$894,030 |
$291,121
$51,407 |
$551,502 |
| 16 |
$938,730 |
$307,660
$53,977 |
$577,093 |
| 17 |
$985,650 |
$325,021
$56,675 |
$603,954 |
| 18 |
$1,034,940 |
$343,258
$59,509 |
$632,173 |
| 19 |
$1,086,690 |
$362,406
$62,485 |
$661,799 |
| 20 |
$1,141,020 |
$382,508
$65,609 |
$692,903 |
| 21 |
$1,198,080 |
$403,620
$68,890 |
$725,570 |
| 22 |
$1,257,990 |
$425,787
$72,334 |
$759,869 |
| 23 |
$1,320,870 |
$449,052
$75,950 |
$795,868 |
| 24 |
$1,386,930 |
$473,494
$79,748 |
$833,688 |
| 25 |
$1,456,260 |
$499,147
$83,735 |
$873,378 |
| 26 |
$1,529,100 |
$526,097
$87,923 |
$915,080 |
| 27 |
$1,605,540 |
$554,380
$92,319 |
$958,841 |
| 28 |
$1,685,820 |
$584,084
$96,935 |
$1,004,801 |
| 29 |
$1,770,120 |
$615,275
$101,782 |
$1,053,063 |
| 30 |
$1,858,620 |
$648,020
$106,871 |
$1,103,729 |
|
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