Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 8, 2025 is estimated to be $223 Million, with a cash option of 104.4 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 Wed Oct 8, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 8, 2025	$223,000,000	$104,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$104,400,000
Federal Tax(24%)	$25,056,000
Additional Federal Tax	$13,532,330
State Tax(5.75%)	$6,003,000
Net Lumpsum Payment	$59,808,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$192,991	$1,961,194
2	$3,524,292	-$1,264,318 -$202,647	$2,057,327
3	$3,700,462	-$1,329,501 -$212,777	$2,158,184
4	$3,885,552	-$1,397,985 -$223,419	$2,264,148
5	$4,079,785	-$1,469,851 -$234,588	$2,375,346
6	$4,283,830	-$1,545,347 -$246,320	$2,492,163
7	$4,497,910	-$1,624,557 -$258,630	$2,614,723
8	$4,722,917	-$1,707,810 -$271,568	$2,743,539
9	$4,959,074	-$1,795,188 -$285,147	$2,878,739
10	$5,207,050	-$1,886,939 -$299,405	$3,020,706
11	$5,467,291	-$1,983,228 -$314,369	$3,169,694
12	$5,740,689	-$2,084,385 -$330,090	$3,326,214
13	$6,027,690	-$2,190,576 -$346,592	$3,490,522
14	$6,329,186	-$2,302,129 -$363,928	$3,663,129
15	$6,645,623	-$2,419,211 -$382,123	$3,844,289
16	$6,977,893	-$2,542,151 -$401,229	$4,034,513
17	$7,326,665	-$2,671,196 -$421,283	$4,234,186
18	$7,693,054	-$2,806,760 -$442,351	$4,443,943
19	$8,077,729	-$2,949,090 -$464,469	$4,664,170
20	$8,481,582	-$3,098,516 -$487,691	$4,895,375
21	$8,905,728	-$3,255,450 -$512,079	$5,138,199
22	$9,351,059	-$3,420,222 -$537,686	$5,393,151
23	$9,818,467	-$3,593,163 -$564,562	$5,660,742
24	$10,309,513	-$3,774,850 -$592,797	$5,941,866
25	$10,824,866	-$3,965,531 -$622,430	$6,236,905
26	$11,366,310	-$4,165,865 -$653,563	$6,546,882
27	$11,934,514	-$4,376,101 -$686,235	$6,872,178
28	$12,531,262	-$4,596,897 -$720,548	$7,213,817
29	$13,157,892	-$4,828,750 -$756,579	$7,572,563
30	$13,815,742	-$5,072,155 -$794,405	$7,949,182