Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 28, 2025 is estimated to be $155 Million, with a cash option of 69.8 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 28, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 28, 2025	$155,000,000	$69,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,800,000
Federal Tax(24%)	$16,752,000
Additional Federal Tax	$9,034,330
State Tax(5.75%)	$4,013,500
Net Lumpsum Payment	$40,000,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,332,905	-$823,505 -$134,142	$1,375,258
2	$2,449,620	-$866,690 -$140,853	$1,442,077
3	$2,572,070	-$911,996 -$147,894	$1,512,180
4	$2,700,720	-$959,597 -$155,291	$1,585,832
5	$2,835,725	-$1,009,549 -$163,054	$1,663,122
6	$2,977,550	-$1,062,024 -$171,209	$1,744,317
7	$3,126,350	-$1,117,080 -$179,765	$1,829,505
8	$3,282,745	-$1,174,946 -$188,758	$1,919,041
9	$3,446,890	-$1,235,680 -$198,196	$2,013,014
10	$3,619,250	-$1,299,453 -$208,107	$2,111,690
11	$3,800,135	-$1,366,380 -$218,508	$2,215,247
12	$3,990,165	-$1,436,691 -$229,434	$2,324,040
13	$4,189,650	-$1,510,501 -$240,905	$2,438,244
14	$4,399,210	-$1,588,038 -$252,955	$2,558,217
15	$4,619,155	-$1,669,418 -$265,601	$2,684,136
16	$4,850,105	-$1,754,869 -$278,881	$2,816,355
17	$5,092,525	-$1,844,565 -$292,820	$2,955,140
18	$5,347,190	-$1,938,791 -$307,463	$3,100,936
19	$5,614,565	-$2,037,719 -$322,837	$3,254,009
20	$5,895,270	-$2,141,580 -$338,978	$3,414,712
21	$6,190,080	-$2,250,660 -$355,930	$3,583,490
22	$6,499,615	-$2,365,188 -$373,728	$3,760,699
23	$6,824,495	-$2,485,394 -$392,408	$3,946,693
24	$7,165,805	-$2,611,678 -$412,034	$4,142,093
25	$7,524,010	-$2,744,214 -$432,631	$4,347,165
26	$7,900,350	-$2,883,460 -$454,270	$4,562,620
27	$8,295,290	-$3,029,588 -$476,979	$4,788,723
28	$8,710,070	-$3,183,056 -$500,829	$5,026,185
29	$9,145,620	-$3,344,210 -$525,873	$5,275,537
30	$9,602,870	-$3,513,392 -$552,165	$5,537,313