The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia Powerball Jackpot/Cash Option for Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(5.75%) | $4,266,500 | | Net Lumpsum Payment | $42,519,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$140,200 |
$1,435,575 |
| 2 |
$2,560,248 |
$907,622
$147,214 |
$1,505,412 |
| 3 |
$2,688,228 |
$954,975
$154,573 |
$1,578,680 |
| 4 |
$2,822,688 |
$1,004,725
$162,305 |
$1,655,658 |
| 5 |
$2,963,790 |
$1,056,933
$170,418 |
$1,736,439 |
| 6 |
$3,112,020 |
$1,111,778
$178,941 |
$1,821,301 |
| 7 |
$3,267,540 |
$1,169,320
$187,884 |
$1,910,336 |
| 8 |
$3,430,998 |
$1,229,800
$197,282 |
$2,003,916 |
| 9 |
$3,602,556 |
$1,293,276
$207,147 |
$2,102,133 |
| 10 |
$3,782,700 |
$1,359,929
$217,505 |
$2,205,266 |
| 11 |
$3,971,754 |
$1,429,879
$228,376 |
$2,313,499 |
| 12 |
$4,170,366 |
$1,503,366
$239,796 |
$2,427,204 |
| 13 |
$4,378,860 |
$1,580,509
$251,784 |
$2,546,567 |
| 14 |
$4,597,884 |
$1,661,547
$264,378 |
$2,671,959 |
| 15 |
$4,827,762 |
$1,746,602
$277,596 |
$2,803,564 |
| 16 |
$5,069,142 |
$1,835,913
$291,476 |
$2,941,753 |
| 17 |
$5,322,510 |
$1,929,659
$306,044 |
$3,086,807 |
| 18 |
$5,588,676 |
$2,028,141
$321,349 |
$3,239,186 |
| 19 |
$5,868,126 |
$2,131,537
$337,417 |
$3,399,172 |
| 20 |
$6,161,508 |
$2,240,088
$354,287 |
$3,567,133 |
| 21 |
$6,469,632 |
$2,354,094
$372,004 |
$3,743,534 |
| 22 |
$6,793,146 |
$2,473,794
$390,606 |
$3,928,746 |
| 23 |
$7,132,698 |
$2,599,429
$410,130 |
$4,123,139 |
| 24 |
$7,489,422 |
$2,731,417
$430,642 |
$4,327,363 |
| 25 |
$7,863,804 |
$2,869,938
$452,169 |
$4,541,697 |
| 26 |
$8,257,140 |
$3,015,472
$474,786 |
$4,766,882 |
| 27 |
$8,669,916 |
$3,168,199
$498,520 |
$5,003,197 |
| 28 |
$9,103,428 |
$3,328,599
$523,447 |
$5,251,382 |
| 29 |
$9,558,648 |
$3,497,030
$549,622 |
$5,511,996 |
| 30 |
$10,036,548 |
$3,673,853
$577,102 |
$5,785,593 |
|
|
