Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(5.75%)	$4,433,250
Net Lumpsum Payment	$44,179,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$145,393	$1,487,274
2	$2,655,072	-$942,707 -$152,667	$1,559,698
3	$2,787,792	-$991,813 -$160,298	$1,635,681
4	$2,927,232	-$1,043,406 -$168,316	$1,715,510
5	$3,073,560	-$1,097,548 -$176,730	$1,799,282
6	$3,227,280	-$1,154,424 -$185,569	$1,887,287
7	$3,388,560	-$1,214,098 -$194,842	$1,979,620
8	$3,558,072	-$1,276,817 -$204,589	$2,076,666
9	$3,735,984	-$1,342,644 -$214,819	$2,178,521
10	$3,922,800	-$1,411,766 -$225,561	$2,285,473
11	$4,118,856	-$1,484,307 -$236,834	$2,397,715
12	$4,324,824	-$1,560,515 -$248,677	$2,515,632
13	$4,541,040	-$1,640,515 -$261,110	$2,639,415
14	$4,768,176	-$1,724,556 -$274,170	$2,769,450
15	$5,006,568	-$1,812,761 -$287,878	$2,905,929
16	$5,256,888	-$1,905,379 -$302,271	$3,049,238
17	$5,519,640	-$2,002,597 -$317,379	$3,199,664
18	$5,795,664	-$2,104,726 -$333,251	$3,357,687
19	$6,085,464	-$2,211,952 -$349,914	$3,523,598
20	$6,389,712	-$2,324,524 -$367,408	$3,697,780
21	$6,709,248	-$2,442,752 -$385,782	$3,880,714
22	$7,044,744	-$2,566,886 -$405,073	$4,072,785
23	$7,396,872	-$2,697,173 -$425,320	$4,274,379
24	$7,766,808	-$2,834,049 -$446,591	$4,486,168
25	$8,155,056	-$2,977,701 -$468,916	$4,708,439
26	$8,562,960	-$3,128,626 -$492,370	$4,941,964
27	$8,991,024	-$3,287,009 -$516,984	$5,187,031
28	$9,440,592	-$3,453,349 -$542,834	$5,444,409
29	$9,912,672	-$3,628,019 -$569,979	$5,714,674
30	$10,408,272	-$3,811,391 -$598,476	$5,998,405