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
4
4
Cash Option: $19.7 Million
Next Draw: Sat Jun 7
Powerball
Wed Jun 4, 2025
051723354524

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