Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(5.75%)	$9,044,750
Net Lumpsum Payment	$90,093,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$289,920	$2,926,263
2	$5,294,340	-$1,919,236 -$304,425	$3,070,679
3	$5,558,990	-$2,017,157 -$319,642	$3,222,191
4	$5,837,040	-$2,120,035 -$335,630	$3,381,375
5	$6,128,825	-$2,227,996 -$352,407	$3,548,422
6	$6,435,350	-$2,341,410 -$370,033	$3,723,907
7	$6,756,950	-$2,460,402 -$388,525	$3,908,023
8	$7,094,965	-$2,585,467 -$407,960	$4,101,538
9	$7,449,730	-$2,716,730 -$428,359	$4,304,641
10	$7,822,250	-$2,854,563 -$449,779	$4,517,908
11	$8,213,195	-$2,999,213 -$472,259	$4,741,723
12	$8,623,905	-$3,151,175 -$495,875	$4,976,855
13	$9,055,050	-$3,310,699 -$520,665	$5,223,686
14	$9,507,970	-$3,478,279 -$546,708	$5,482,983
15	$9,983,335	-$3,654,164 -$574,042	$5,755,129
16	$10,482,485	-$3,838,850 -$602,743	$6,040,892
17	$11,006,425	-$4,032,708 -$632,869	$6,340,848
18	$11,556,830	-$4,236,357 -$664,518	$6,655,955
19	$12,134,705	-$4,450,171 -$697,746	$6,986,788
20	$12,741,390	-$4,674,645 -$732,630	$7,334,115
21	$13,378,560	-$4,910,398 -$769,267	$7,698,895
22	$14,047,555	-$5,157,926 -$807,734	$8,081,895
23	$14,749,715	-$5,417,725 -$848,109	$8,483,881
24	$15,487,385	-$5,690,663 -$890,525	$8,906,197
25	$16,261,570	-$5,977,111 -$935,040	$9,349,419
26	$17,074,950	-$6,278,062 -$981,810	$9,815,078
27	$17,928,530	-$6,593,886 -$1,030,890	$10,303,754
28	$18,824,990	-$6,925,577 -$1,082,437	$10,816,976
29	$19,766,340	-$7,273,876 -$1,136,565	$11,355,899
30	$20,754,590	-$7,639,529 -$1,193,389	$11,921,672