The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(5.75%) | $4,582,750 | | Net Lumpsum Payment | $45,667,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$150,585 |
$1,538,975 |
| 2 |
$2,749,896 |
$977,792
$158,119 |
$1,613,985 |
| 3 |
$2,887,356 |
$1,028,652
$166,023 |
$1,692,681 |
| 4 |
$3,031,776 |
$1,082,088
$174,327 |
$1,775,361 |
| 5 |
$3,183,330 |
$1,138,162
$183,041 |
$1,862,127 |
| 6 |
$3,342,540 |
$1,197,070
$192,196 |
$1,953,274 |
| 7 |
$3,509,580 |
$1,258,875
$201,801 |
$2,048,904 |
| 8 |
$3,685,146 |
$1,323,834
$211,896 |
$2,149,416 |
| 9 |
$3,869,412 |
$1,392,013
$222,491 |
$2,254,908 |
| 10 |
$4,062,900 |
$1,463,603
$233,617 |
$2,365,680 |
| 11 |
$4,265,958 |
$1,538,735
$245,293 |
$2,481,930 |
| 12 |
$4,479,282 |
$1,617,665
$257,559 |
$2,604,058 |
| 13 |
$4,703,220 |
$1,700,522
$270,435 |
$2,732,263 |
| 14 |
$4,938,468 |
$1,787,564
$283,962 |
$2,866,942 |
| 15 |
$5,185,374 |
$1,878,919
$298,159 |
$3,008,296 |
| 16 |
$5,444,634 |
$1,974,845
$313,066 |
$3,156,723 |
| 17 |
$5,716,770 |
$2,075,535
$328,714 |
$3,312,521 |
| 18 |
$6,002,652 |
$2,181,312
$345,152 |
$3,476,188 |
| 19 |
$6,302,802 |
$2,292,367
$362,411 |
$3,648,024 |
| 20 |
$6,617,916 |
$2,408,959
$380,530 |
$3,828,427 |
| 21 |
$6,948,864 |
$2,531,410
$399,560 |
$4,017,894 |
| 22 |
$7,296,342 |
$2,659,977
$419,540 |
$4,216,825 |
| 23 |
$7,661,046 |
$2,794,917
$440,510 |
$4,425,619 |
| 24 |
$8,044,194 |
$2,936,682
$462,541 |
$4,644,971 |
| 25 |
$8,446,308 |
$3,085,464
$485,663 |
$4,875,181 |
| 26 |
$8,868,780 |
$3,241,779
$509,955 |
$5,117,046 |
| 27 |
$9,312,132 |
$3,405,819
$535,448 |
$5,370,865 |
| 28 |
$9,777,756 |
$3,578,100
$562,221 |
$5,637,435 |
| 29 |
$10,266,696 |
$3,759,008
$590,335 |
$5,917,353 |
| 30 |
$10,779,996 |
$3,948,929
$619,850 |
$6,211,217 |
|
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