The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Mon Oct 13, 2025 |
---|
Draw Date | Mon Oct 13, 2025 | Projected Jackpot | $258,000,000 | Cash Value | $120,800,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $120,800,000 | Federal Tax(24%) | $28,992,000 | Additional Federal Tax | $15,664,330 | State Tax(5.75%) | $6,946,000 | Net Lumpsum Payment | $69,197,670 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,883,158 |
$1,397,099 $223,282 |
$2,262,777 |
2 |
$4,077,432 |
$1,468,980 $234,452 |
$2,374,000 |
3 |
$4,281,252 |
$1,544,394 $246,172 |
$2,490,686 |
4 |
$4,495,392 |
$1,623,625 $258,485 |
$2,613,282 |
5 |
$4,720,110 |
$1,706,771 $271,406 |
$2,741,933 |
6 |
$4,956,180 |
$1,794,117 $284,980 |
$2,877,083 |
7 |
$5,203,860 |
$1,885,759 $299,222 |
$3,018,879 |
8 |
$5,464,182 |
$1,982,078 $314,190 |
$3,167,914 |
9 |
$5,737,404 |
$2,083,170 $329,901 |
$3,324,333 |
10 |
$6,024,300 |
$2,189,321 $346,397 |
$3,488,582 |
11 |
$6,325,386 |
$2,300,723 $363,710 |
$3,660,953 |
12 |
$6,641,694 |
$2,417,757 $381,897 |
$3,842,040 |
13 |
$6,973,740 |
$2,540,614 $400,990 |
$4,032,136 |
14 |
$7,322,556 |
$2,669,676 $421,047 |
$4,231,833 |
15 |
$7,688,658 |
$2,805,134 $442,098 |
$4,441,426 |
16 |
$8,073,078 |
$2,947,369 $464,202 |
$4,661,507 |
17 |
$8,476,590 |
$3,096,669 $487,404 |
$4,892,517 |
18 |
$8,900,484 |
$3,253,509 $511,778 |
$5,135,197 |
19 |
$9,345,534 |
$3,418,178 $537,368 |
$5,389,988 |
20 |
$9,812,772 |
$3,591,056 $564,234 |
$5,657,482 |
21 |
$10,303,488 |
$3,772,621 $592,451 |
$5,938,416 |
22 |
$10,818,714 |
$3,963,255 $622,076 |
$6,233,383 |
23 |
$11,359,482 |
$4,163,339 $653,170 |
$6,542,973 |
24 |
$11,927,598 |
$4,373,542 $685,837 |
$6,868,219 |
25 |
$12,523,836 |
$4,594,150 $720,121 |
$7,209,565 |
26 |
$13,150,260 |
$4,825,927 $756,140 |
$7,568,193 |
27 |
$13,807,644 |
$5,069,159 $793,940 |
$7,944,545 |
28 |
$14,498,052 |
$5,324,610 $833,638 |
$8,339,804 |
29 |
$15,223,032 |
$5,592,852 $875,324 |
$8,754,856 |
30 |
$15,984,132 |
$5,874,459 $919,088 |
$9,190,585 |
|
|