The jackpot for the Powerball draw on Mon May 12, 2025, is projected to be $93 Million, with an option for a cash payout of $42.3 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 Mon May 12, 2025 |
|---|
| Draw Date | Mon May 12, 2025 | | Projected Jackpot | $93,000,000 | | Cash Value | $42,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,300,000 | | Federal Tax(24%) | $10,152,000 | | Additional Federal Tax | $5,459,330 | | State Tax(5.75%) | $2,432,250 | | Net Lumpsum Payment | $24,256,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,399,743 |
$478,235
$80,485 |
$841,023 |
| 2 |
$1,469,772 |
$504,146
$84,512 |
$881,114 |
| 3 |
$1,543,242 |
$531,330
$88,736 |
$923,176 |
| 4 |
$1,620,432 |
$559,890
$93,175 |
$967,367 |
| 5 |
$1,701,435 |
$589,861
$97,833 |
$1,013,741 |
| 6 |
$1,786,530 |
$621,346
$102,725 |
$1,062,459 |
| 7 |
$1,875,810 |
$654,380
$107,859 |
$1,113,571 |
| 8 |
$1,969,647 |
$689,100
$113,255 |
$1,167,292 |
| 9 |
$2,068,134 |
$725,540
$118,918 |
$1,223,676 |
| 10 |
$2,171,550 |
$763,804
$124,864 |
$1,282,882 |
| 11 |
$2,280,081 |
$803,960
$131,105 |
$1,345,016 |
| 12 |
$2,394,099 |
$846,147
$137,661 |
$1,410,291 |
| 13 |
$2,513,790 |
$890,433
$144,543 |
$1,478,814 |
| 14 |
$2,639,526 |
$936,955
$151,773 |
$1,550,798 |
| 15 |
$2,771,493 |
$985,783
$159,361 |
$1,626,349 |
| 16 |
$2,910,063 |
$1,037,054
$167,329 |
$1,705,680 |
| 17 |
$3,055,515 |
$1,090,871
$175,692 |
$1,788,952 |
| 18 |
$3,208,314 |
$1,147,407
$184,478 |
$1,876,429 |
| 19 |
$3,368,739 |
$1,206,764
$193,702 |
$1,968,273 |
| 20 |
$3,537,162 |
$1,269,080
$203,387 |
$2,064,695 |
| 21 |
$3,714,048 |
$1,334,528
$213,558 |
$2,165,962 |
| 22 |
$3,899,769 |
$1,403,245
$224,237 |
$2,272,287 |
| 23 |
$4,094,697 |
$1,475,368
$235,445 |
$2,383,884 |
| 24 |
$4,299,483 |
$1,551,139
$247,220 |
$2,501,124 |
| 25 |
$4,514,406 |
$1,630,661
$259,578 |
$2,624,167 |
| 26 |
$4,740,210 |
$1,714,208
$272,562 |
$2,753,440 |
| 27 |
$4,977,174 |
$1,801,885
$286,188 |
$2,889,101 |
| 28 |
$5,226,042 |
$1,893,966
$300,497 |
$3,031,579 |
| 29 |
$5,487,372 |
$1,990,658
$315,524 |
$3,181,190 |
| 30 |
$5,761,722 |
$2,092,168
$331,299 |
$3,338,255 |
|
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