The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 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 Jul 9, 2025 |
|---|
| Draw Date | Wed Jul 9, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $98,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,400,000 | | Federal Tax(24%) | $23,616,000 | | Additional Federal Tax | $12,752,330 | | State Tax(5.75%) | $5,658,000 | | Net Lumpsum Payment | $56,373,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$186,933 |
$1,900,877 |
| 2 |
$3,413,664 |
$1,223,386
$196,286 |
$1,993,992 |
| 3 |
$3,584,304 |
$1,286,523
$206,097 |
$2,091,684 |
| 4 |
$3,763,584 |
$1,352,856
$216,406 |
$2,194,322 |
| 5 |
$3,951,720 |
$1,422,467
$227,224 |
$2,302,029 |
| 6 |
$4,149,360 |
$1,495,594
$238,588 |
$2,415,178 |
| 7 |
$4,356,720 |
$1,572,317
$250,511 |
$2,533,892 |
| 8 |
$4,574,664 |
$1,652,956
$263,043 |
$2,658,665 |
| 9 |
$4,803,408 |
$1,737,591
$276,196 |
$2,789,621 |
| 10 |
$5,043,600 |
$1,826,462
$290,007 |
$2,927,131 |
| 11 |
$5,295,672 |
$1,919,729
$304,501 |
$3,071,442 |
| 12 |
$5,560,488 |
$2,017,711
$319,728 |
$3,223,049 |
| 13 |
$5,838,480 |
$2,120,568
$335,713 |
$3,382,199 |
| 14 |
$6,130,512 |
$2,228,620
$352,504 |
$3,549,388 |
| 15 |
$6,437,016 |
$2,342,026
$370,128 |
$3,724,862 |
| 16 |
$6,758,856 |
$2,461,107
$388,634 |
$3,909,115 |
| 17 |
$7,096,680 |
$2,586,102
$408,059 |
$4,102,519 |
| 18 |
$7,451,568 |
$2,717,411
$428,465 |
$4,305,692 |
| 19 |
$7,824,168 |
$2,855,273
$449,890 |
$4,519,005 |
| 20 |
$8,215,344 |
$3,000,008
$472,382 |
$4,742,954 |
| 21 |
$8,626,176 |
$3,152,016
$496,005 |
$4,978,155 |
| 22 |
$9,057,528 |
$3,311,616
$520,808 |
$5,225,104 |
| 23 |
$9,510,264 |
$3,479,128
$546,840 |
$5,484,296 |
| 24 |
$9,985,896 |
$3,655,112
$574,189 |
$5,756,595 |
| 25 |
$10,485,072 |
$3,839,807
$602,892 |
$6,042,373 |
| 26 |
$11,009,520 |
$4,033,853
$633,047 |
$6,342,620 |
| 27 |
$11,559,888 |
$4,237,489
$664,694 |
$6,657,705 |
| 28 |
$12,137,904 |
$4,451,355
$697,929 |
$6,988,620 |
| 29 |
$12,744,864 |
$4,675,930
$732,830 |
$7,336,104 |
| 30 |
$13,382,064 |
$4,911,694
$769,469 |
$7,700,901 |
|
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