The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(5.75%) | $4,433,250 | | Net Lumpsum Payment | $44,179,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$145,393 |
$1,487,274 |
| 2 |
$2,655,072 |
$942,707
$152,667 |
$1,559,698 |
| 3 |
$2,787,792 |
$991,813
$160,298 |
$1,635,681 |
| 4 |
$2,927,232 |
$1,043,406
$168,316 |
$1,715,510 |
| 5 |
$3,073,560 |
$1,097,548
$176,730 |
$1,799,282 |
| 6 |
$3,227,280 |
$1,154,424
$185,569 |
$1,887,287 |
| 7 |
$3,388,560 |
$1,214,098
$194,842 |
$1,979,620 |
| 8 |
$3,558,072 |
$1,276,817
$204,589 |
$2,076,666 |
| 9 |
$3,735,984 |
$1,342,644
$214,819 |
$2,178,521 |
| 10 |
$3,922,800 |
$1,411,766
$225,561 |
$2,285,473 |
| 11 |
$4,118,856 |
$1,484,307
$236,834 |
$2,397,715 |
| 12 |
$4,324,824 |
$1,560,515
$248,677 |
$2,515,632 |
| 13 |
$4,541,040 |
$1,640,515
$261,110 |
$2,639,415 |
| 14 |
$4,768,176 |
$1,724,556
$274,170 |
$2,769,450 |
| 15 |
$5,006,568 |
$1,812,761
$287,878 |
$2,905,929 |
| 16 |
$5,256,888 |
$1,905,379
$302,271 |
$3,049,238 |
| 17 |
$5,519,640 |
$2,002,597
$317,379 |
$3,199,664 |
| 18 |
$5,795,664 |
$2,104,726
$333,251 |
$3,357,687 |
| 19 |
$6,085,464 |
$2,211,952
$349,914 |
$3,523,598 |
| 20 |
$6,389,712 |
$2,324,524
$367,408 |
$3,697,780 |
| 21 |
$6,709,248 |
$2,442,752
$385,782 |
$3,880,714 |
| 22 |
$7,044,744 |
$2,566,886
$405,073 |
$4,072,785 |
| 23 |
$7,396,872 |
$2,697,173
$425,320 |
$4,274,379 |
| 24 |
$7,766,808 |
$2,834,049
$446,591 |
$4,486,168 |
| 25 |
$8,155,056 |
$2,977,701
$468,916 |
$4,708,439 |
| 26 |
$8,562,960 |
$3,128,626
$492,370 |
$4,941,964 |
| 27 |
$8,991,024 |
$3,287,009
$516,984 |
$5,187,031 |
| 28 |
$9,440,592 |
$3,453,349
$542,834 |
$5,444,409 |
| 29 |
$9,912,672 |
$3,628,019
$569,979 |
$5,714,674 |
| 30 |
$10,408,272 |
$3,811,391
$598,476 |
$5,998,405 |
|
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