The jackpot for the Powerball draw on Mon Oct 20, 2025, is projected to be $304 Million, with an option for a cash payout of $144.6 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 Oct 20, 2025 |
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Draw Date | Mon Oct 20, 2025 | Projected Jackpot | $304,000,000 | Cash Value | $144,600,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $144,600,000 | Federal Tax(24%) | $34,704,000 | Additional Federal Tax | $18,758,330 | State Tax(5.75%) | $8,314,500 | Net Lumpsum Payment | $82,823,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,575,504 |
$1,653,267 $263,091 |
$2,659,146 |
2 |
$4,804,416 |
$1,737,964 $276,254 |
$2,790,198 |
3 |
$5,044,576 |
$1,826,824 $290,063 |
$2,927,689 |
4 |
$5,296,896 |
$1,920,182 $304,572 |
$3,072,142 |
5 |
$5,561,680 |
$2,018,152 $319,797 |
$3,223,731 |
6 |
$5,839,840 |
$2,121,071 $335,791 |
$3,382,978 |
7 |
$6,131,680 |
$2,229,052 $352,572 |
$3,550,056 |
8 |
$6,438,416 |
$2,342,544 $370,209 |
$3,725,663 |
9 |
$6,760,352 |
$2,461,661 $388,720 |
$3,909,971 |
10 |
$7,098,400 |
$2,586,738 $408,158 |
$4,103,504 |
11 |
$7,453,168 |
$2,718,003 $428,557 |
$4,306,608 |
12 |
$7,825,872 |
$2,855,903 $449,988 |
$4,519,981 |
13 |
$8,217,120 |
$3,000,665 $472,484 |
$4,743,971 |
14 |
$8,628,128 |
$3,152,738 $496,117 |
$4,979,273 |
15 |
$9,059,504 |
$3,312,347 $520,921 |
$5,226,236 |
16 |
$9,512,464 |
$3,479,942 $546,967 |
$5,485,555 |
17 |
$9,987,920 |
$3,655,861 $574,305 |
$5,757,754 |
18 |
$10,487,392 |
$3,840,665 $603,025 |
$6,043,702 |
19 |
$11,011,792 |
$4,034,693 $633,178 |
$6,343,921 |
20 |
$11,562,336 |
$4,238,395 $664,834 |
$6,659,107 |
21 |
$12,140,544 |
$4,452,332 $698,081 |
$6,990,131 |
22 |
$12,747,632 |
$4,676,954 $732,989 |
$7,337,689 |
23 |
$13,384,816 |
$4,912,712 $769,627 |
$7,702,477 |
24 |
$14,054,224 |
$5,160,393 $808,118 |
$8,085,713 |
25 |
$14,756,768 |
$5,420,335 $848,514 |
$8,487,919 |
26 |
$15,494,880 |
$5,693,436 $890,956 |
$8,910,488 |
27 |
$16,269,472 |
$5,980,035 $935,495 |
$9,353,942 |
28 |
$17,082,976 |
$6,281,032 $982,271 |
$9,819,673 |
29 |
$17,937,216 |
$6,597,100 $1,031,390 |
$10,308,726 |
30 |
$18,834,016 |
$6,928,916 $1,082,956 |
$10,822,144 |
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