Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 5, 2026 is estimated to be $86 Million, with a cash option of 38.8 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 Jan 5, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 5, 2026	$86,000,000	$38,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$38,800,000
Federal Tax(24%)	$9,312,000
Additional Federal Tax	$5,004,330
State Tax(5.75%)	$2,231,000
Net Lumpsum Payment	$22,252,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,294,386	-$439,253 -$74,427	$780,706
2	$1,359,144	-$463,214 -$78,151	$817,779
3	$1,427,084	-$488,351 -$82,057	$856,676
4	$1,498,464	-$514,762 -$86,162	$897,540
5	$1,573,370	-$542,477 -$90,469	$940,424
6	$1,652,060	-$571,593 -$94,993	$985,474
7	$1,734,620	-$602,140 -$99,741	$1,032,739
8	$1,821,394	-$634,246 -$104,730	$1,082,418
9	$1,912,468	-$667,944 -$109,967	$1,134,557
10	$2,008,100	-$703,327 -$115,466	$1,189,307
11	$2,108,462	-$740,461 -$121,237	$1,246,764
12	$2,213,898	-$779,473 -$127,299	$1,307,126
13	$2,324,580	-$820,425 -$133,663	$1,370,492
14	$2,440,852	-$863,446 -$140,349	$1,437,057
15	$2,562,886	-$908,598 -$147,366	$1,506,922
16	$2,691,026	-$956,010 -$154,734	$1,580,282
17	$2,825,530	-$1,005,776 -$162,468	$1,657,286
18	$2,966,828	-$1,058,057 -$170,593	$1,738,178
19	$3,115,178	-$1,112,946 -$179,123	$1,823,109
20	$3,270,924	-$1,170,572 -$188,078	$1,912,274
21	$3,434,496	-$1,231,094 -$197,484	$2,005,918
22	$3,606,238	-$1,294,638 -$207,359	$2,104,241
23	$3,786,494	-$1,361,333 -$217,723	$2,207,438
24	$3,975,866	-$1,431,401 -$228,612	$2,315,853
25	$4,174,612	-$1,504,937 -$240,040	$2,429,635
26	$4,383,420	-$1,582,196 -$252,047	$2,549,177
27	$4,602,548	-$1,663,273 -$264,647	$2,674,628
28	$4,832,684	-$1,748,423 -$277,879	$2,806,382
29	$5,074,344	-$1,837,838 -$291,775	$2,944,731
30	$5,328,044	-$1,931,707 -$306,363	$3,089,974