The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 Jul 14, 2025 |
|---|
| Draw Date | Mon Jul 14, 2025 | | Projected Jackpot | $248,000,000 | | Cash Value | $112,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,400,000 | | Federal Tax(24%) | $26,976,000 | | Additional Federal Tax | $14,572,330 | | State Tax(5.75%) | $6,463,000 | | Net Lumpsum Payment | $64,388,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,732,648 |
$1,341,410
$214,627 |
$2,176,611 |
| 2 |
$3,919,392 |
$1,410,505
$225,365 |
$2,283,522 |
| 3 |
$4,115,312 |
$1,482,996
$236,630 |
$2,395,686 |
| 4 |
$4,321,152 |
$1,559,157
$248,466 |
$2,513,529 |
| 5 |
$4,537,160 |
$1,639,080
$260,887 |
$2,637,193 |
| 6 |
$4,764,080 |
$1,723,040
$273,935 |
$2,767,105 |
| 7 |
$5,002,160 |
$1,811,130
$287,624 |
$2,903,406 |
| 8 |
$5,252,392 |
$1,903,715
$302,013 |
$3,046,664 |
| 9 |
$5,515,024 |
$2,000,889
$317,114 |
$3,197,021 |
| 10 |
$5,790,800 |
$2,102,926
$332,971 |
$3,354,903 |
| 11 |
$6,080,216 |
$2,210,010
$349,612 |
$3,520,594 |
| 12 |
$6,384,264 |
$2,322,508
$367,095 |
$3,694,661 |
| 13 |
$6,703,440 |
$2,440,603
$385,448 |
$3,877,389 |
| 14 |
$7,038,736 |
$2,564,663
$404,727 |
$4,069,346 |
| 15 |
$7,390,648 |
$2,694,870
$424,962 |
$4,270,816 |
| 16 |
$7,760,168 |
$2,831,593
$446,210 |
$4,482,365 |
| 17 |
$8,148,040 |
$2,975,105
$468,512 |
$4,704,423 |
| 18 |
$8,555,504 |
$3,125,867
$491,941 |
$4,937,696 |
| 19 |
$8,983,304 |
$3,284,153
$516,540 |
$5,182,611 |
| 20 |
$9,432,432 |
$3,450,330
$542,365 |
$5,439,737 |
| 21 |
$9,904,128 |
$3,624,858
$569,487 |
$5,709,783 |
| 22 |
$10,399,384 |
$3,808,102
$597,965 |
$5,993,317 |
| 23 |
$10,919,192 |
$4,000,431
$627,854 |
$6,290,907 |
| 24 |
$11,465,288 |
$4,202,487
$659,254 |
$6,603,547 |
| 25 |
$12,038,416 |
$4,414,544
$692,209 |
$6,931,663 |
| 26 |
$12,640,560 |
$4,637,338
$726,832 |
$7,276,390 |
| 27 |
$13,272,464 |
$4,871,142
$763,167 |
$7,638,155 |
| 28 |
$13,936,112 |
$5,116,692
$801,326 |
$8,018,094 |
| 29 |
$14,632,992 |
$5,374,537
$841,397 |
$8,417,058 |
| 30 |
$15,364,592 |
$5,645,229
$883,464 |
$8,835,899 |
|
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