Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 18, 2026 is estimated to be $75 Million, with a cash option of 34.1 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 Sat Apr 18, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 18, 2026	$75,000,000	$34,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,100,000
Federal Tax(24%)	$8,184,000
Additional Federal Tax	$4,393,330
State Tax(5.75%)	$1,960,750
Net Lumpsum Payment	$19,561,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,128,825	-$377,996 -$64,907	$685,922
2	$1,185,300	-$398,891 -$68,155	$718,254
3	$1,244,550	-$420,814 -$71,562	$752,174
4	$1,306,800	-$443,846 -$75,141	$787,813
5	$1,372,125	-$468,017 -$78,897	$825,211
6	$1,440,750	-$493,408 -$82,843	$864,499
7	$1,512,750	-$520,048 -$86,983	$905,719
8	$1,588,425	-$548,048 -$91,334	$949,043
9	$1,667,850	-$577,435 -$95,901	$994,514
10	$1,751,250	-$608,293 -$100,697	$1,042,260
11	$1,838,775	-$640,677 -$105,730	$1,092,368
12	$1,930,725	-$674,699 -$111,017	$1,145,009
13	$2,027,250	-$710,413 -$116,567	$1,200,270
14	$2,128,650	-$747,931 -$122,397	$1,258,322
15	$2,235,075	-$787,308 -$128,517	$1,319,250
16	$2,346,825	-$828,656 -$134,942	$1,383,227
17	$2,464,125	-$872,057 -$141,687	$1,450,381
18	$2,587,350	-$917,650 -$148,773	$1,520,927
19	$2,716,725	-$965,519 -$156,212	$1,594,994
20	$2,852,550	-$1,015,774 -$164,022	$1,672,754
21	$2,995,200	-$1,068,554 -$172,224	$1,754,422
22	$3,144,975	-$1,123,971 -$180,836	$1,840,168
23	$3,302,175	-$1,182,135 -$189,875	$1,930,165
24	$3,467,325	-$1,243,241 -$199,371	$2,024,713
25	$3,640,650	-$1,307,371 -$209,337	$2,123,942
26	$3,822,750	-$1,374,748 -$219,808	$2,228,194
27	$4,013,850	-$1,445,455 -$230,796	$2,337,599
28	$4,214,550	-$1,519,714 -$242,337	$2,452,499
29	$4,425,300	-$1,597,691 -$254,455	$2,573,154
30	$4,646,550	-$1,679,554 -$267,177	$2,699,819