Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 28, 2026 is estimated to be $389 Million, with a cash option of 161.9 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 Sep 28, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 28, 2026	$389,000,000	$161,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$161,900,000
Federal Tax(24%)	$38,856,000
Additional Federal Tax	$21,007,330
State Tax(5.75%)	$9,309,250
Net Lumpsum Payment	$92,727,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,854,839	-$2,126,621 -$336,653	$3,391,565
2	$6,147,756	-$2,235,000 -$353,496	$3,559,260
3	$6,455,066	-$2,348,705 -$371,166	$3,735,195
4	$6,777,936	-$2,468,167 -$389,731	$3,920,038
5	$7,116,755	-$2,593,530 -$409,213	$4,114,012
6	$7,472,690	-$2,725,226 -$429,680	$4,317,784
7	$7,846,130	-$2,863,398 -$451,152	$4,531,580
8	$8,238,631	-$3,008,624 -$473,721	$4,756,286
9	$8,650,582	-$3,161,046 -$497,408	$4,992,128
10	$9,083,150	-$3,321,096 -$522,281	$5,239,773
11	$9,537,113	-$3,489,062 -$548,384	$5,499,667
12	$10,014,027	-$3,665,520 -$575,807	$5,772,700
13	$10,514,670	-$3,850,758 -$604,594	$6,059,318
14	$11,040,598	-$4,045,352 -$634,834	$6,360,412
15	$11,592,589	-$4,249,588 -$666,574	$6,676,427
16	$12,172,199	-$4,464,044 -$699,901	$7,008,254
17	$12,780,595	-$4,689,151 -$734,884	$7,356,560
18	$13,419,722	-$4,925,628 -$771,634	$7,722,460
19	$14,090,747	-$5,173,907 -$810,218	$8,106,622
20	$14,795,226	-$5,434,564 -$850,725	$8,509,937
21	$15,535,104	-$5,708,319 -$893,268	$8,933,517
22	$16,311,937	-$5,995,747 -$937,936	$9,378,254
23	$17,127,281	-$6,297,424 -$984,819	$9,845,038
24	$17,983,859	-$6,614,358 -$1,034,072	$10,335,429
25	$18,882,838	-$6,946,980 -$1,085,763	$10,850,095
26	$19,827,330	-$7,296,442 -$1,140,071	$11,390,817
27	$20,818,502	-$7,663,176 -$1,197,064	$11,958,262
28	$21,859,466	-$8,048,333 -$1,256,919	$12,554,214
29	$22,952,556	-$8,452,776 -$1,319,772	$13,180,008
30	$24,100,106	-$8,877,370 -$1,385,756	$13,836,980