Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(5.75%)	$2,340,250
Net Lumpsum Payment	$23,340,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$77,889	$815,172
2	$1,422,360	-$486,604 -$81,786	$853,970
3	$1,493,460	-$512,911 -$85,874	$894,675
4	$1,568,160	-$540,550 -$90,169	$937,441
5	$1,646,550	-$569,554 -$94,677	$982,319
6	$1,728,900	-$600,023 -$99,412	$1,029,465
7	$1,815,300	-$631,991 -$104,380	$1,078,929
8	$1,906,110	-$665,591 -$109,601	$1,130,918
9	$2,001,420	-$700,856 -$115,082	$1,185,482
10	$2,101,500	-$737,885 -$120,836	$1,242,779
11	$2,206,530	-$776,746 -$126,875	$1,302,909
12	$2,316,870	-$817,572 -$133,220	$1,366,078
13	$2,432,700	-$860,429 -$139,880	$1,432,391
14	$2,554,380	-$905,451 -$146,877	$1,502,052
15	$2,682,090	-$952,704 -$154,220	$1,575,166
16	$2,816,190	-$1,002,321 -$161,931	$1,651,938
17	$2,956,950	-$1,054,402 -$170,025	$1,732,523
18	$3,104,820	-$1,109,114 -$178,527	$1,817,179
19	$3,260,070	-$1,166,556 -$187,454	$1,906,060
20	$3,423,060	-$1,226,863 -$196,826	$1,999,371
21	$3,594,240	-$1,290,199 -$206,669	$2,097,372
22	$3,773,970	-$1,356,699 -$217,003	$2,200,268
23	$3,962,610	-$1,426,496 -$227,850	$2,308,264
24	$4,160,790	-$1,499,823 -$239,245	$2,421,722
25	$4,368,780	-$1,576,779 -$251,205	$2,540,796
26	$4,587,300	-$1,657,631 -$263,770	$2,665,899
27	$4,816,620	-$1,742,480 -$276,956	$2,797,184
28	$5,057,460	-$1,831,591 -$290,804	$2,935,065
29	$5,310,360	-$1,925,164 -$305,346	$3,079,850
30	$5,575,860	-$2,023,399 -$320,612	$3,231,849