Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 19, 2025 is estimated to be $288 Million, with a cash option of 130.6 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 Jul 19, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 19, 2025	$288,000,000	$130,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$130,600,000
Federal Tax(24%)	$31,344,000
Additional Federal Tax	$16,938,330
State Tax(5.75%)	$7,509,500
Net Lumpsum Payment	$74,808,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,334,688	-$1,564,165 -$249,245	$2,521,278
2	$4,551,552	-$1,644,405 -$261,714	$2,645,433
3	$4,779,072	-$1,728,587 -$274,797	$2,775,688
4	$5,018,112	-$1,817,032 -$288,541	$2,912,539
5	$5,268,960	-$1,909,846 -$302,965	$3,056,149
6	$5,532,480	-$2,007,348 -$318,118	$3,207,014
7	$5,808,960	-$2,109,646 -$334,015	$3,365,299
8	$6,099,552	-$2,217,165 -$350,724	$3,531,663
9	$6,404,544	-$2,330,012 -$368,261	$3,706,271
10	$6,724,800	-$2,448,506 -$386,676	$3,889,618
11	$7,060,896	-$2,572,862 -$406,002	$4,082,032
12	$7,413,984	-$2,703,504 -$426,304	$4,284,176
13	$7,784,640	-$2,840,647 -$447,617	$4,496,376
14	$8,174,016	-$2,984,716 -$470,006	$4,719,294
15	$8,582,688	-$3,135,925 -$493,505	$4,953,258
16	$9,011,808	-$3,294,699 -$518,179	$5,198,930
17	$9,462,240	-$3,461,359 -$544,079	$5,456,802
18	$9,935,424	-$3,636,437 -$571,287	$5,727,700
19	$10,432,224	-$3,820,253 -$599,853	$6,012,118
20	$10,953,792	-$4,013,233 -$629,843	$6,310,716
21	$11,501,568	-$4,215,911 -$661,340	$6,624,317
22	$12,076,704	-$4,428,711 -$694,410	$6,953,583
23	$12,680,352	-$4,652,061 -$729,120	$7,299,171
24	$13,314,528	-$4,886,706 -$765,585	$7,662,237
25	$13,980,096	-$5,132,966 -$803,856	$8,043,274
26	$14,679,360	-$5,391,694 -$844,063	$8,443,603
27	$15,413,184	-$5,663,208 -$886,258	$8,863,718
28	$16,183,872	-$5,948,363 -$930,573	$9,304,936
29	$16,993,152	-$6,247,797 -$977,106	$9,768,249
30	$17,842,752	-$6,562,149 -$1,025,958	$10,254,645