The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 Sat Aug 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(5.75%) | $14,881,000 | | Net Lumpsum Payment | $148,202,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$488,969 |
$4,908,104 |
| 2 |
$8,929,260 |
$3,264,157
$513,432 |
$5,151,671 |
| 3 |
$9,375,610 |
$3,429,306
$539,098 |
$5,407,206 |
| 4 |
$9,844,560 |
$3,602,818
$566,062 |
$5,675,680 |
| 5 |
$10,336,675 |
$3,784,900
$594,359 |
$5,957,416 |
| 6 |
$10,853,650 |
$3,976,181
$624,085 |
$6,253,384 |
| 7 |
$11,396,050 |
$4,176,869
$655,273 |
$6,563,908 |
| 8 |
$11,966,135 |
$4,387,800
$688,053 |
$6,890,282 |
| 9 |
$12,564,470 |
$4,609,184
$722,457 |
$7,232,829 |
| 10 |
$13,192,750 |
$4,841,648
$758,583 |
$7,592,519 |
| 11 |
$13,852,105 |
$5,085,609
$796,496 |
$7,970,000 |
| 12 |
$14,544,795 |
$5,341,905
$836,326 |
$8,366,564 |
| 13 |
$15,271,950 |
$5,610,952
$878,137 |
$8,782,861 |
| 14 |
$16,035,830 |
$5,893,587
$922,060 |
$9,220,183 |
| 15 |
$16,837,565 |
$6,190,229
$968,160 |
$9,679,176 |
| 16 |
$17,679,415 |
$6,501,714
$1,016,566 |
$10,161,135 |
| 17 |
$18,563,075 |
$6,828,668
$1,067,377 |
$10,667,030 |
| 18 |
$19,491,370 |
$7,172,137
$1,120,754 |
$11,198,479 |
| 19 |
$20,465,995 |
$7,532,749
$1,176,795 |
$11,756,451 |
| 20 |
$21,489,210 |
$7,911,338
$1,235,630 |
$12,342,242 |
| 21 |
$22,563,840 |
$8,308,951
$1,297,421 |
$12,957,468 |
| 22 |
$23,692,145 |
$8,726,424
$1,362,298 |
$13,603,423 |
| 23 |
$24,876,385 |
$9,164,593
$1,430,392 |
$14,281,400 |
| 24 |
$26,120,515 |
$9,624,921
$1,501,930 |
$14,993,664 |
| 25 |
$27,426,230 |
$10,108,035
$1,577,008 |
$15,741,187 |
| 26 |
$28,798,050 |
$10,615,609
$1,655,888 |
$16,526,553 |
| 27 |
$30,237,670 |
$11,148,268
$1,738,666 |
$17,350,736 |
| 28 |
$31,749,610 |
$11,707,686
$1,825,603 |
$18,216,321 |
| 29 |
$33,337,260 |
$12,295,117
$1,916,892 |
$19,125,251 |
| 30 |
$35,004,010 |
$12,911,814
$2,012,731 |
$20,079,465 |
|
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