The jackpot for the Powerball draw on Mon Jul 7, 2025, is projected to be $203 Million, with an option for a cash payout of $92.5 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 Jul 7, 2025 |
|---|
| Draw Date | Mon Jul 7, 2025 | | Projected Jackpot | $203,000,000 | | Cash Value | $92,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $92,500,000 | | Federal Tax(24%) | $22,200,000 | | Additional Federal Tax | $11,985,330 | | State Tax(5.75%) | $5,318,750 | | Net Lumpsum Payment | $52,995,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$175,683 |
$1,788,859 |
| 2 |
$3,208,212 |
$1,147,369
$184,472 |
$1,876,371 |
| 3 |
$3,368,582 |
$1,206,706
$193,693 |
$1,968,183 |
| 4 |
$3,537,072 |
$1,269,047
$203,382 |
$2,064,643 |
| 5 |
$3,713,885 |
$1,334,468
$213,548 |
$2,165,869 |
| 6 |
$3,899,630 |
$1,403,193
$224,229 |
$2,272,208 |
| 7 |
$4,094,510 |
$1,475,299
$235,434 |
$2,383,777 |
| 8 |
$4,299,337 |
$1,551,085
$247,212 |
$2,501,040 |
| 9 |
$4,514,314 |
$1,630,627
$259,573 |
$2,624,114 |
| 10 |
$4,740,050 |
$1,714,149
$272,553 |
$2,753,348 |
| 11 |
$4,976,951 |
$1,801,802
$286,175 |
$2,888,974 |
| 12 |
$5,225,829 |
$1,893,887
$300,485 |
$3,031,457 |
| 13 |
$5,487,090 |
$1,990,554
$315,508 |
$3,181,028 |
| 14 |
$5,761,546 |
$2,092,102
$331,289 |
$3,338,155 |
| 15 |
$6,049,603 |
$2,198,683
$347,852 |
$3,503,068 |
| 16 |
$6,352,073 |
$2,310,597
$365,244 |
$3,676,232 |
| 17 |
$6,669,565 |
$2,428,069
$383,500 |
$3,857,996 |
| 18 |
$7,003,094 |
$2,551,475
$402,678 |
$4,048,941 |
| 19 |
$7,353,269 |
$2,681,040
$422,813 |
$4,249,416 |
| 20 |
$7,720,902 |
$2,817,064
$443,952 |
$4,459,886 |
| 21 |
$8,107,008 |
$2,959,923
$466,153 |
$4,680,932 |
| 22 |
$8,512,399 |
$3,109,918
$489,463 |
$4,913,018 |
| 23 |
$8,937,887 |
$3,267,349
$513,929 |
$5,156,609 |
| 24 |
$9,384,893 |
$3,432,741
$539,631 |
$5,412,521 |
| 25 |
$9,854,026 |
$3,606,320
$566,606 |
$5,681,100 |
| 26 |
$10,346,910 |
$3,788,687
$594,947 |
$5,963,276 |
| 27 |
$10,864,154 |
$3,980,067
$624,689 |
$6,259,398 |
| 28 |
$11,407,382 |
$4,181,062
$655,924 |
$6,570,396 |
| 29 |
$11,977,812 |
$4,392,121
$688,724 |
$6,896,967 |
| 30 |
$12,576,662 |
$4,613,695
$723,158 |
$7,239,809 |
|
|
