The jackpot for the Powerball draw on Wed Sep 17, 2025, is projected to be $81 Million, with an option for a cash payout of $37.9 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 Sep 17, 2025 |
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Draw Date | Wed Sep 17, 2025 | Projected Jackpot | $81,000,000 | Cash Value | $37,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $37,900,000 | Federal Tax(24%) | $9,096,000 | Additional Federal Tax | $4,887,330 | State Tax(5.75%) | $2,179,250 | Net Lumpsum Payment | $21,737,420 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,219,131 |
$411,409 $70,100 |
$737,622 |
2 |
$1,280,124 |
$433,976 $73,607 |
$772,541 |
3 |
$1,344,114 |
$457,653 $77,287 |
$809,174 |
4 |
$1,411,344 |
$482,528 $81,152 |
$847,664 |
5 |
$1,481,895 |
$508,632 $85,209 |
$888,054 |
6 |
$1,556,010 |
$536,054 $89,471 |
$930,485 |
7 |
$1,633,770 |
$564,825 $93,942 |
$975,003 |
8 |
$1,715,499 |
$595,065 $98,641 |
$1,021,793 |
9 |
$1,801,278 |
$626,803 $103,573 |
$1,070,902 |
10 |
$1,891,350 |
$660,130 $108,753 |
$1,122,467 |
11 |
$1,985,877 |
$695,105 $114,188 |
$1,176,584 |
12 |
$2,085,183 |
$731,848 $119,898 |
$1,233,437 |
13 |
$2,189,430 |
$770,419 $125,892 |
$1,293,119 |
14 |
$2,298,942 |
$810,939 $132,189 |
$1,355,814 |
15 |
$2,413,881 |
$853,466 $138,798 |
$1,421,617 |
16 |
$2,534,571 |
$898,122 $145,738 |
$1,490,711 |
17 |
$2,661,255 |
$944,995 $153,022 |
$1,563,238 |
18 |
$2,794,338 |
$994,235 $160,674 |
$1,639,429 |
19 |
$2,934,063 |
$1,045,934 $168,709 |
$1,719,420 |
20 |
$3,080,754 |
$1,100,209 $177,143 |
$1,803,402 |
21 |
$3,234,816 |
$1,157,212 $186,002 |
$1,891,602 |
22 |
$3,396,573 |
$1,217,062 $195,303 |
$1,984,208 |
23 |
$3,566,349 |
$1,279,880 $205,065 |
$2,081,404 |
24 |
$3,744,711 |
$1,345,873 $215,321 |
$2,183,517 |
25 |
$3,931,902 |
$1,415,134 $226,084 |
$2,290,684 |
26 |
$4,128,570 |
$1,487,901 $237,393 |
$2,403,276 |
27 |
$4,334,958 |
$1,564,265 $249,260 |
$2,521,433 |
28 |
$4,551,714 |
$1,644,465 $261,724 |
$2,645,525 |
29 |
$4,779,324 |
$1,728,680 $274,811 |
$2,775,833 |
30 |
$5,018,274 |
$1,817,092 $288,551 |
$2,912,631 |
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