The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(5.75%) | $10,309,750 | | Net Lumpsum Payment | $102,688,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$325,403 |
$3,279,547 |
| 2 |
$5,942,304 |
$2,158,983
$341,682 |
$3,441,639 |
| 3 |
$6,239,344 |
$2,268,888
$358,762 |
$3,611,694 |
| 4 |
$6,551,424 |
$2,384,357
$376,707 |
$3,790,360 |
| 5 |
$6,878,920 |
$2,505,531
$395,538 |
$3,977,851 |
| 6 |
$7,222,960 |
$2,632,826
$415,320 |
$4,174,814 |
| 7 |
$7,583,920 |
$2,766,381
$436,075 |
$4,381,464 |
| 8 |
$7,963,304 |
$2,906,753
$457,890 |
$4,598,661 |
| 9 |
$8,361,488 |
$3,054,081
$480,786 |
$4,826,621 |
| 10 |
$8,779,600 |
$3,208,782
$504,827 |
$5,065,991 |
| 11 |
$9,218,392 |
$3,371,135
$530,058 |
$5,317,199 |
| 12 |
$9,679,368 |
$3,541,697
$556,564 |
$5,581,107 |
| 13 |
$10,163,280 |
$3,720,744
$584,389 |
$5,858,147 |
| 14 |
$10,671,632 |
$3,908,834
$613,619 |
$6,149,179 |
| 15 |
$11,205,176 |
$4,106,246
$644,298 |
$6,454,632 |
| 16 |
$11,765,416 |
$4,313,534
$676,511 |
$6,775,371 |
| 17 |
$12,353,480 |
$4,531,118
$710,325 |
$7,112,037 |
| 18 |
$12,971,248 |
$4,759,692
$745,847 |
$7,465,709 |
| 19 |
$13,619,848 |
$4,999,674
$783,141 |
$7,837,033 |
| 20 |
$14,300,784 |
$5,251,620
$822,295 |
$8,226,869 |
| 21 |
$15,015,936 |
$5,516,227
$863,416 |
$8,636,293 |
| 22 |
$15,766,808 |
$5,794,049
$906,591 |
$9,066,168 |
| 23 |
$16,554,904 |
$6,085,645
$951,907 |
$9,517,352 |
| 24 |
$17,382,856 |
$6,391,987
$999,514 |
$9,991,355 |
| 25 |
$18,251,792 |
$6,713,493
$1,049,478 |
$10,488,821 |
| 26 |
$19,164,720 |
$7,051,277
$1,101,971 |
$11,011,472 |
| 27 |
$20,122,768 |
$7,405,755
$1,157,059 |
$11,559,954 |
| 28 |
$21,128,944 |
$7,778,040
$1,214,914 |
$12,135,990 |
| 29 |
$22,185,504 |
$8,168,967
$1,275,666 |
$12,740,871 |
| 30 |
$23,294,704 |
$8,579,371
$1,339,445 |
$13,375,888 |
|
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