The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 Sat Apr 5, 2025 |
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Draw Date | Sat Apr 5, 2025 | Projected Jackpot | $47,000,000 | Cash Value | $21,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $21,800,000 | Federal Tax(24%) | $5,232,000 | Additional Federal Tax | $2,794,330 | State Tax(5.75%) | $1,253,500 | Net Lumpsum Payment | $12,520,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$707,397 |
$222,067 $40,675 |
$444,655 |
2 |
$742,788 |
$235,162 $42,710 |
$464,916 |
3 |
$779,918 |
$248,900 $44,845 |
$486,173 |
4 |
$818,928 |
$263,334 $47,088 |
$508,506 |
5 |
$859,865 |
$278,480 $49,442 |
$531,943 |
6 |
$902,870 |
$294,392 $51,915 |
$556,563 |
7 |
$947,990 |
$311,087 $54,509 |
$582,394 |
8 |
$995,413 |
$328,633 $57,236 |
$609,544 |
9 |
$1,045,186 |
$347,049 $60,098 |
$638,039 |
10 |
$1,097,450 |
$366,387 $63,103 |
$667,960 |
11 |
$1,152,299 |
$386,681 $66,257 |
$699,361 |
12 |
$1,209,921 |
$408,001 $69,570 |
$732,350 |
13 |
$1,270,410 |
$430,382 $73,049 |
$766,979 |
14 |
$1,333,954 |
$453,893 $76,702 |
$803,359 |
15 |
$1,400,647 |
$478,570 $80,537 |
$841,540 |
16 |
$1,470,677 |
$504,481 $84,564 |
$881,632 |
17 |
$1,544,185 |
$531,679 $88,791 |
$923,715 |
18 |
$1,621,406 |
$560,251 $93,231 |
$967,924 |
19 |
$1,702,481 |
$590,248 $97,893 |
$1,014,340 |
20 |
$1,787,598 |
$621,742 $102,787 |
$1,063,069 |
21 |
$1,876,992 |
$654,817 $107,927 |
$1,114,248 |
22 |
$1,970,851 |
$689,545 $113,324 |
$1,167,982 |
23 |
$2,069,363 |
$725,995 $118,988 |
$1,224,380 |
24 |
$2,172,857 |
$764,287 $124,939 |
$1,283,631 |
25 |
$2,281,474 |
$804,476 $131,185 |
$1,345,813 |
26 |
$2,395,590 |
$846,699 $137,746 |
$1,411,145 |
27 |
$2,515,346 |
$891,008 $144,632 |
$1,479,706 |
28 |
$2,641,118 |
$937,544 $151,864 |
$1,551,710 |
29 |
$2,773,188 |
$986,410 $159,458 |
$1,627,320 |
30 |
$2,911,838 |
$1,037,710 $167,431 |
$1,706,697 |
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