Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 9, 2026 is estimated to be $30 Million, with a cash option of 12.9 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 Nov 9, 2026

Draw Date	Jackpot	Cash Option
Mon Nov 9, 2026	$30,000,000	$12,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$12,900,000
Federal Tax(24%)	$3,096,000
Additional Federal Tax	$1,637,330
State Tax(5.75%)	$741,750
Net Lumpsum Payment	$7,424,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$451,530	-$127,396 -$25,963	$298,171
2	$474,120	-$135,755 -$27,262	$311,103
3	$497,820	-$144,524 -$28,625	$324,671
4	$522,720	-$153,737 -$30,056	$338,927
5	$548,850	-$163,405 -$31,559	$353,886
6	$576,300	-$173,561 -$33,137	$369,602
7	$605,100	-$184,217 -$34,793	$386,090
8	$635,370	-$195,417 -$36,534	$403,419
9	$667,140	-$207,172 -$38,361	$421,607
10	$700,500	-$219,515 -$40,279	$440,706
11	$735,510	-$232,469 -$42,292	$460,749
12	$772,290	-$246,078 -$44,407	$481,805
13	$810,900	-$260,363 -$46,627	$503,910
14	$851,460	-$275,371 -$48,959	$527,130
15	$894,030	-$291,121 -$51,407	$551,502
16	$938,730	-$307,660 -$53,977	$577,093
17	$985,650	-$325,021 -$56,675	$603,954
18	$1,034,940	-$343,258 -$59,509	$632,173
19	$1,086,690	-$362,406 -$62,485	$661,799
20	$1,141,020	-$382,508 -$65,609	$692,903
21	$1,198,080	-$403,620 -$68,890	$725,570
22	$1,257,990	-$425,787 -$72,334	$759,869
23	$1,320,870	-$449,052 -$75,950	$795,868
24	$1,386,930	-$473,494 -$79,748	$833,688
25	$1,456,260	-$499,147 -$83,735	$873,378
26	$1,529,100	-$526,097 -$87,923	$915,080
27	$1,605,540	-$554,380 -$92,319	$958,841
28	$1,685,820	-$584,084 -$96,935	$1,004,801
29	$1,770,120	-$615,275 -$101,782	$1,053,063
30	$1,858,620	-$648,020 -$106,871	$1,103,729