The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Sat Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(5.75%) | $7,153,000 | | Net Lumpsum Payment | $71,258,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$235,398 |
$2,383,411 |
| 2 |
$4,298,688 |
$1,550,845
$247,175 |
$2,500,668 |
| 3 |
$4,513,568 |
$1,630,351
$259,530 |
$2,623,687 |
| 4 |
$4,739,328 |
$1,713,882
$272,511 |
$2,752,935 |
| 5 |
$4,976,240 |
$1,801,539
$286,134 |
$2,888,567 |
| 6 |
$5,225,120 |
$1,893,625
$300,444 |
$3,031,051 |
| 7 |
$5,486,240 |
$1,990,239
$315,459 |
$3,180,542 |
| 8 |
$5,760,688 |
$2,091,785
$331,240 |
$3,337,663 |
| 9 |
$6,048,736 |
$2,198,363
$347,802 |
$3,502,571 |
| 10 |
$6,351,200 |
$2,310,274
$365,194 |
$3,675,732 |
| 11 |
$6,668,624 |
$2,427,721
$383,446 |
$3,857,457 |
| 12 |
$7,002,096 |
$2,551,106
$402,621 |
$4,048,369 |
| 13 |
$7,352,160 |
$2,680,630
$422,749 |
$4,248,781 |
| 14 |
$7,719,904 |
$2,816,695
$443,894 |
$4,459,315 |
| 15 |
$8,105,872 |
$2,959,503
$466,088 |
$4,680,281 |
| 16 |
$8,511,152 |
$3,109,457
$489,391 |
$4,912,304 |
| 17 |
$8,936,560 |
$3,266,858
$513,852 |
$5,155,850 |
| 18 |
$9,383,456 |
$3,432,209
$539,549 |
$5,411,698 |
| 19 |
$9,852,656 |
$3,605,813
$566,528 |
$5,680,315 |
| 20 |
$10,345,248 |
$3,788,072
$594,852 |
$5,962,324 |
| 21 |
$10,862,592 |
$3,979,489
$624,599 |
$6,258,504 |
| 22 |
$11,405,776 |
$4,180,468
$655,832 |
$6,569,476 |
| 23 |
$11,975,888 |
$4,391,409
$688,614 |
$6,895,865 |
| 24 |
$12,574,832 |
$4,613,018
$723,053 |
$7,238,761 |
| 25 |
$13,203,424 |
$4,845,597
$759,197 |
$7,598,630 |
| 26 |
$13,863,840 |
$5,089,951
$797,171 |
$7,976,718 |
| 27 |
$14,556,896 |
$5,346,382
$837,022 |
$8,373,492 |
| 28 |
$15,284,768 |
$5,615,695
$878,874 |
$8,790,199 |
| 29 |
$16,049,088 |
$5,898,493
$922,823 |
$9,227,772 |
| 30 |
$16,851,488 |
$6,195,381
$968,961 |
$9,687,146 |
|
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