The current estimated Powerball jackpot in Georgia for the draw on Saturday, May 17, 2025, is $123 million, with a cash value of approximately $55.3 million
. For the previous draw on May 14, 2025, the jackpot was $106 million with a cash value of $48.3 million
. The May 10, 2025 draw had an estimated jackpot of $84 million, with a cash option of $38 million
. If a winner chooses the annuity option for a jackpot around $82 million (similar scale), the total payout is spread over 30 annual payments, with federal taxes at 37% and Georgia state taxes at 5.29%, resulting in a net total of about $48.6 million after taxes
. In summary:
- Estimated jackpot for May 17, 2025: $123 million (cash value ~$55.3 million)
- Previous jackpots: $106 million (May 14), $84 million (May 10)
- Annuity payout example for ~$82 million jackpot: about $48.6 million after taxes over 30 years
