The jackpot for the Powerball draw on Mon Sep 15, 2025, is projected to be $64 Million, with an option for a cash payout of $30 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 Mon Sep 15, 2025 |
|---|
| Draw Date | Mon Sep 15, 2025 | | Projected Jackpot | $64,000,000 | | Cash Value | $30,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $30,000,000 | | Federal Tax(24%) | $7,200,000 | | Additional Federal Tax | $3,860,330 | | State Tax(5.75%) | $1,725,000 | | Net Lumpsum Payment | $17,214,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$963,264 |
$316,738
$55,388 |
$591,138 |
| 2 |
$1,011,456 |
$334,569
$58,159 |
$618,728 |
| 3 |
$1,062,016 |
$353,276
$61,066 |
$647,674 |
| 4 |
$1,115,136 |
$372,931
$64,120 |
$678,085 |
| 5 |
$1,170,880 |
$393,556
$67,326 |
$709,998 |
| 6 |
$1,229,440 |
$415,223
$70,693 |
$743,524 |
| 7 |
$1,290,880 |
$437,956
$74,226 |
$778,698 |
| 8 |
$1,355,456 |
$461,849
$77,939 |
$815,668 |
| 9 |
$1,423,232 |
$486,926
$81,836 |
$854,470 |
| 10 |
$1,494,400 |
$513,258
$85,928 |
$895,214 |
| 11 |
$1,569,088 |
$540,893
$90,223 |
$937,972 |
| 12 |
$1,647,552 |
$569,925
$94,734 |
$982,893 |
| 13 |
$1,729,920 |
$600,401
$99,470 |
$1,030,049 |
| 14 |
$1,816,448 |
$632,416
$104,446 |
$1,079,586 |
| 15 |
$1,907,264 |
$666,018
$109,668 |
$1,131,578 |
| 16 |
$2,002,624 |
$701,301
$115,151 |
$1,186,172 |
| 17 |
$2,102,720 |
$738,337
$120,906 |
$1,243,477 |
| 18 |
$2,207,872 |
$777,243
$126,953 |
$1,303,676 |
| 19 |
$2,318,272 |
$818,091
$133,301 |
$1,366,880 |
| 20 |
$2,434,176 |
$860,976
$139,965 |
$1,433,235 |
| 21 |
$2,555,904 |
$906,015
$146,964 |
$1,502,925 |
| 22 |
$2,683,712 |
$953,304
$154,313 |
$1,576,095 |
| 23 |
$2,817,856 |
$1,002,937
$162,027 |
$1,652,892 |
| 24 |
$2,958,784 |
$1,055,080
$170,130 |
$1,733,574 |
| 25 |
$3,106,688 |
$1,109,805
$178,635 |
$1,818,248 |
| 26 |
$3,262,080 |
$1,167,300
$187,570 |
$1,907,210 |
| 27 |
$3,425,152 |
$1,227,637
$196,946 |
$2,000,569 |
| 28 |
$3,596,416 |
$1,291,004
$206,794 |
$2,098,618 |
| 29 |
$3,776,256 |
$1,357,545
$217,135 |
$2,201,576 |
| 30 |
$3,965,056 |
$1,427,401
$227,991 |
$2,309,664 |
|
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