Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 7, 2025 is estimated to be $44 Million, with a cash option of 19.7 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Georgia, your state will take 5.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Georgia Powerball Jackpot/Cash Option for Sat Jun 7, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 7, 2025	$44,000,000	$19,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,700,000
Federal Tax(24%)	$4,728,000
Additional Federal Tax	$2,521,330
State Tax(5.75%)	$1,132,750
Net Lumpsum Payment	$11,317,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$662,244	-$205,361 -$38,079	$418,804
2	$695,376	-$217,620 -$39,984	$437,772
3	$730,136	-$230,481 -$41,983	$457,672
4	$766,656	-$243,993 -$44,083	$478,580
5	$804,980	-$258,173 -$46,286	$500,521
6	$845,240	-$273,069 -$48,601	$523,570
7	$887,480	-$288,698 -$51,030	$547,752
8	$931,876	-$305,125 -$53,583	$573,168
9	$978,472	-$322,365 -$56,262	$599,845
10	$1,027,400	-$340,468 -$59,076	$627,856
11	$1,078,748	-$359,467 -$62,028	$657,253
12	$1,132,692	-$379,426 -$65,130	$688,136
13	$1,189,320	-$400,379 -$68,386	$720,555
14	$1,248,808	-$422,389 -$71,806	$754,613
15	$1,311,244	-$445,491 -$75,397	$790,356
16	$1,376,804	-$469,748 -$79,166	$827,890
17	$1,445,620	-$495,210 -$83,123	$867,287
18	$1,517,912	-$521,958 -$87,280	$908,674
19	$1,593,812	-$550,041 -$91,644	$952,127
20	$1,673,496	-$579,524 -$96,226	$997,746
21	$1,757,184	-$610,488 -$101,038	$1,045,658
22	$1,845,052	-$643,000 -$106,090	$1,095,962
23	$1,937,276	-$677,123 -$111,393	$1,148,760
24	$2,034,164	-$712,971 -$116,964	$1,204,229
25	$2,135,848	-$750,594 -$122,811	$1,262,443
26	$2,242,680	-$790,122 -$128,954	$1,323,604
27	$2,354,792	-$831,603 -$135,401	$1,387,788
28	$2,472,536	-$875,169 -$142,171	$1,455,196
29	$2,596,176	-$920,916 -$149,280	$1,525,980
30	$2,725,976	-$968,942 -$156,744	$1,600,290