The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 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 Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(5.75%) | $3,312,000 | | Net Lumpsum Payment | $33,015,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$110,775 |
$1,142,607 |
| 2 |
$2,022,912 |
$708,808
$116,317 |
$1,197,787 |
| 3 |
$2,124,032 |
$746,222
$122,132 |
$1,255,678 |
| 4 |
$2,230,272 |
$785,531
$128,241 |
$1,316,500 |
| 5 |
$2,341,760 |
$826,782
$134,651 |
$1,380,327 |
| 6 |
$2,458,880 |
$870,116
$141,386 |
$1,447,378 |
| 7 |
$2,581,760 |
$915,582
$148,451 |
$1,517,727 |
| 8 |
$2,710,912 |
$963,368
$155,877 |
$1,591,667 |
| 9 |
$2,846,464 |
$1,013,522
$163,672 |
$1,669,270 |
| 10 |
$2,988,800 |
$1,066,186
$171,856 |
$1,750,758 |
| 11 |
$3,138,176 |
$1,121,456
$180,445 |
$1,836,275 |
| 12 |
$3,295,104 |
$1,179,519
$189,468 |
$1,926,117 |
| 13 |
$3,459,840 |
$1,240,471
$198,941 |
$2,020,428 |
| 14 |
$3,632,896 |
$1,304,502
$208,892 |
$2,119,502 |
| 15 |
$3,814,528 |
$1,371,706
$219,335 |
$2,223,487 |
| 16 |
$4,005,248 |
$1,442,272
$230,302 |
$2,332,674 |
| 17 |
$4,205,440 |
$1,516,343
$241,813 |
$2,447,284 |
| 18 |
$4,415,744 |
$1,594,156
$253,905 |
$2,567,683 |
| 19 |
$4,636,544 |
$1,675,852
$266,601 |
$2,694,091 |
| 20 |
$4,868,352 |
$1,761,621
$279,930 |
$2,826,801 |
| 21 |
$5,111,808 |
$1,851,699
$293,929 |
$2,966,180 |
| 22 |
$5,367,424 |
$1,946,277
$308,627 |
$3,112,520 |
| 23 |
$5,635,712 |
$2,045,544
$324,053 |
$3,266,115 |
| 24 |
$5,917,568 |
$2,149,831
$340,260 |
$3,427,477 |
| 25 |
$6,213,376 |
$2,259,280
$357,269 |
$3,596,827 |
| 26 |
$6,524,160 |
$2,374,270
$375,139 |
$3,774,751 |
| 27 |
$6,850,304 |
$2,494,943
$393,892 |
$3,961,469 |
| 28 |
$7,192,832 |
$2,621,678
$413,588 |
$4,157,566 |
| 29 |
$7,552,512 |
$2,754,760
$434,269 |
$4,363,483 |
| 30 |
$7,930,112 |
$2,894,472
$455,981 |
$4,579,659 |
|
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