Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Georgia, your state will take 5.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Georgia Powerball Jackpot/Cash Option for Mon Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(5.75%)	$11,126,250
Net Lumpsum Payment	$110,818,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$368,674	$3,710,383
2	$6,732,504	-$2,451,357 -$387,119	$3,894,028
3	$7,069,044	-$2,575,877 -$406,470	$4,086,697
4	$7,422,624	-$2,706,701 -$426,801	$4,289,122
5	$7,793,670	-$2,843,988 -$448,136	$4,501,546
6	$8,183,460	-$2,988,211 -$470,549	$4,724,700
7	$8,592,420	-$3,139,526 -$494,064	$4,958,830
8	$9,022,254	-$3,298,564 -$518,780	$5,204,910
9	$9,473,388	-$3,465,484 -$544,720	$5,463,184
10	$9,947,100	-$3,640,757 -$571,958	$5,734,385
11	$10,444,242	-$3,824,700 -$600,544	$6,018,998
12	$10,966,518	-$4,017,942 -$630,575	$6,318,001
13	$11,514,780	-$4,220,799 -$662,100	$6,631,881
14	$12,090,732	-$4,433,901 -$695,217	$6,961,614
15	$12,695,226	-$4,657,564 -$729,975	$7,307,687
16	$13,329,966	-$4,892,418 -$766,473	$7,671,075
17	$13,996,230	-$5,138,935 -$804,783	$8,052,512
18	$14,696,148	-$5,397,905 -$845,029	$8,453,214
19	$15,430,998	-$5,669,800 -$887,282	$8,873,916
20	$16,202,484	-$5,955,249 -$931,643	$9,315,592
21	$17,012,736	-$6,255,043 -$978,232	$9,779,461
22	$17,863,458	-$6,569,810 -$1,027,149	$10,266,499
23	$18,756,354	-$6,900,181 -$1,078,490	$10,777,683
24	$19,694,406	-$7,247,261 -$1,132,428	$11,314,717
25	$20,678,892	-$7,611,520 -$1,189,036	$11,878,336
26	$21,713,220	-$7,994,222 -$1,248,510	$12,470,488
27	$22,798,668	-$8,395,838 -$1,310,923	$13,091,907
28	$23,938,644	-$8,817,629 -$1,376,472	$13,744,543
29	$25,135,704	-$9,260,541 -$1,445,303	$14,429,860
30	$26,392,404	-$9,725,520 -$1,517,563	$15,149,321