Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 28, 2026 is estimated to be $43 Million, with a cash option of 19.4 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 Wed Jan 28, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 28, 2026	$43,000,000	$19,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,400,000
Federal Tax(24%)	$4,656,000
Additional Federal Tax	$2,482,330
State Tax(5.75%)	$1,115,500
Net Lumpsum Payment	$11,146,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$647,193	-$199,792 -$37,214	$410,187
2	$679,572	-$211,772 -$39,075	$428,725
3	$713,542	-$224,341 -$41,029	$448,172
4	$749,232	-$237,546 -$43,081	$468,605
5	$786,685	-$251,404 -$45,234	$490,047
6	$826,030	-$265,961 -$47,497	$512,572
7	$867,310	-$281,235 -$49,870	$536,205
8	$910,697	-$297,288 -$52,365	$561,044
9	$956,234	-$314,137 -$54,983	$587,114
10	$1,004,050	-$331,829 -$57,733	$614,488
11	$1,054,231	-$350,396 -$60,618	$643,217
12	$1,106,949	-$369,902 -$63,650	$673,397
13	$1,162,290	-$390,378 -$66,832	$705,080
14	$1,220,426	-$411,888 -$70,174	$738,364
15	$1,281,443	-$434,464 -$73,683	$773,296
16	$1,345,513	-$458,170 -$77,367	$809,976
17	$1,412,765	-$483,053 -$81,234	$848,478
18	$1,483,414	-$509,194 -$85,296	$888,924
19	$1,557,589	-$536,638 -$89,561	$931,390
20	$1,635,462	-$565,451 -$94,039	$975,972
21	$1,717,248	-$595,712 -$98,742	$1,022,794
22	$1,803,119	-$627,484 -$103,679	$1,071,956
23	$1,893,247	-$660,832 -$108,862	$1,123,553
24	$1,987,933	-$695,866 -$114,306	$1,177,761
25	$2,087,306	-$732,634 -$120,020	$1,234,652
26	$2,191,710	-$771,263 -$126,023	$1,294,424
27	$2,301,274	-$811,802 -$132,323	$1,357,149
28	$2,416,342	-$854,377 -$138,940	$1,423,025
29	$2,537,172	-$899,084 -$145,887	$1,492,201
30	$2,664,022	-$946,019 -$153,181	$1,564,822