Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(5.75%)	$4,151,500
Net Lumpsum Payment	$41,374,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$133,277	$1,366,641
2	$2,433,816	-$860,842 -$139,944	$1,433,030
3	$2,555,476	-$905,857 -$146,940	$1,502,679
4	$2,683,296	-$953,150 -$154,290	$1,575,856
5	$2,817,430	-$1,002,779 -$162,002	$1,652,649
6	$2,958,340	-$1,054,916 -$170,105	$1,733,319
7	$3,106,180	-$1,109,617 -$178,605	$1,817,958
8	$3,261,566	-$1,167,110 -$187,540	$1,906,916
9	$3,424,652	-$1,227,452 -$196,917	$2,000,283
10	$3,595,900	-$1,290,813 -$206,764	$2,098,323
11	$3,775,618	-$1,357,309 -$217,098	$2,201,211
12	$3,964,422	-$1,427,167 -$227,954	$2,309,301
13	$4,162,620	-$1,500,500 -$239,351	$2,422,769
14	$4,370,828	-$1,577,537 -$251,323	$2,541,968
15	$4,589,354	-$1,658,391 -$263,888	$2,667,075
16	$4,818,814	-$1,743,292 -$277,082	$2,798,440
17	$5,059,670	-$1,832,408 -$290,931	$2,936,331
18	$5,312,692	-$1,926,026 -$305,480	$3,081,186
19	$5,578,342	-$2,024,317 -$320,755	$3,233,270
20	$5,857,236	-$2,127,508 -$336,791	$3,392,937
21	$6,150,144	-$2,235,884 -$353,633	$3,560,627
22	$6,457,682	-$2,349,673 -$371,317	$3,736,692
23	$6,780,466	-$2,469,103 -$389,877	$3,921,486
24	$7,119,574	-$2,594,573 -$409,376	$4,115,625
25	$7,475,468	-$2,726,254 -$429,839	$4,319,375
26	$7,849,380	-$2,864,601 -$451,339	$4,533,440
27	$8,241,772	-$3,009,786 -$473,902	$4,758,084
28	$8,653,876	-$3,162,265 -$497,598	$4,994,013
29	$9,086,616	-$3,322,378 -$522,480	$5,241,758
30	$9,540,916	-$3,490,469 -$548,603	$5,501,844