Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Mon Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(5.75%)	$28,658,000
Net Lumpsum Payment	$285,373,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$951,976	$9,518,037
2	$17,384,400	-$6,392,558 -$999,603	$9,992,239
3	$18,253,400	-$6,714,088 -$1,049,571	$10,489,741
4	$19,166,400	-$7,051,898 -$1,102,068	$11,012,434
5	$20,124,500	-$7,406,395 -$1,157,159	$11,560,946
6	$21,131,000	-$7,778,800 -$1,215,033	$12,137,167
7	$22,187,000	-$8,169,520 -$1,275,753	$12,741,727
8	$23,296,900	-$8,580,183 -$1,339,572	$13,377,145
9	$24,461,800	-$9,011,196 -$1,406,554	$14,044,050
10	$25,685,000	-$9,463,780 -$1,476,888	$14,744,332
11	$26,968,700	-$9,938,749 -$1,550,700	$15,479,251
12	$28,317,300	-$10,437,731 -$1,628,245	$16,251,324
13	$29,733,000	-$10,961,540 -$1,709,648	$17,061,812
14	$31,220,200	-$11,511,804 -$1,795,162	$17,913,234
15	$32,781,100	-$12,089,337 -$1,884,913	$18,806,850
16	$34,420,100	-$12,695,767 -$1,979,156	$19,745,177
17	$36,140,500	-$13,332,315 -$2,078,079	$20,730,106
18	$37,947,800	-$14,001,016 -$2,181,999	$21,764,785
19	$39,845,300	-$14,703,091 -$2,291,105	$22,851,104
20	$41,837,400	-$15,440,168 -$2,405,651	$23,991,581
21	$43,929,600	-$16,214,282 -$2,525,952	$25,189,366
22	$46,126,300	-$17,027,061 -$2,652,262	$26,446,977
23	$48,431,900	-$17,880,133 -$2,784,834	$27,766,933
24	$50,854,100	-$18,776,347 -$2,924,111	$29,153,642
25	$53,396,200	-$19,716,924 -$3,070,282	$30,608,994
26	$56,067,000	-$20,705,120 -$3,223,853	$32,138,027
27	$58,869,800	-$21,742,156 -$3,385,014	$33,742,630
28	$61,813,400	-$22,831,288 -$3,554,271	$35,427,841
29	$64,904,400	-$23,974,958 -$3,732,003	$37,197,439
30	$68,149,400	-$25,175,608 -$3,918,591	$39,055,201