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 |
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Draw Date | Wed Jul 9, 2025 | Projected Jackpot | $216,000,000 | Cash Value | $98,400,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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