Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 17, 2025 is estimated to be $123 Million, with a cash option of 55.9 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 May 17, 2025

Draw Date	Jackpot	Cash Option
Sat May 17, 2025	$123,000,000	$55,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,900,000
Federal Tax(24%)	$13,416,000
Additional Federal Tax	$7,227,330
State Tax(5.75%)	$3,214,250
Net Lumpsum Payment	$32,042,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,851,273	-$645,301 -$106,448	$1,099,524
2	$1,943,892	-$679,570 -$111,774	$1,152,548
3	$2,041,062	-$715,523 -$117,361	$1,208,178
4	$2,143,152	-$753,297 -$123,231	$1,266,624
5	$2,250,285	-$792,936 -$129,391	$1,327,958
6	$2,362,830	-$834,577 -$135,863	$1,392,390
7	$2,480,910	-$878,267 -$142,652	$1,459,991
8	$2,605,017	-$924,187 -$149,788	$1,531,042
9	$2,735,274	-$972,382 -$157,278	$1,605,614
10	$2,872,050	-$1,022,989 -$165,143	$1,683,918
11	$3,015,591	-$1,076,099 -$173,396	$1,766,096
12	$3,166,389	-$1,131,894 -$182,067	$1,852,428
13	$3,324,690	-$1,190,466 -$191,170	$1,943,054
14	$3,490,986	-$1,251,995 -$200,732	$2,038,259
15	$3,665,523	-$1,316,574 -$210,768	$2,138,181
16	$3,848,793	-$1,384,384 -$221,306	$2,243,103
17	$4,041,165	-$1,455,561 -$232,367	$2,353,237
18	$4,243,254	-$1,530,334 -$243,987	$2,468,933
19	$4,455,429	-$1,608,839 -$256,187	$2,590,403
20	$4,678,182	-$1,691,258 -$268,995	$2,717,929
21	$4,912,128	-$1,777,818 -$282,447	$2,851,863
22	$5,157,759	-$1,868,701 -$296,571	$2,992,487
23	$5,415,567	-$1,964,090 -$311,395	$3,140,082
24	$5,686,413	-$2,064,303 -$326,969	$3,295,141
25	$5,970,666	-$2,169,477 -$343,313	$3,457,876
26	$6,269,310	-$2,279,975 -$360,485	$3,628,850
27	$6,582,714	-$2,395,935 -$378,506	$3,808,273
28	$6,911,862	-$2,517,719 -$397,432	$3,996,711
29	$7,257,492	-$2,645,602 -$417,306	$4,194,584
30	$7,620,342	-$2,779,857 -$438,170	$4,402,315