Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(5.75%)	$1,696,250
Net Lumpsum Payment	$16,928,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$55,388	$591,138
2	$1,011,456	-$334,569 -$58,159	$618,728
3	$1,062,016	-$353,276 -$61,066	$647,674
4	$1,115,136	-$372,931 -$64,120	$678,085
5	$1,170,880	-$393,556 -$67,326	$709,998
6	$1,229,440	-$415,223 -$70,693	$743,524
7	$1,290,880	-$437,956 -$74,226	$778,698
8	$1,355,456	-$461,849 -$77,939	$815,668
9	$1,423,232	-$486,926 -$81,836	$854,470
10	$1,494,400	-$513,258 -$85,928	$895,214
11	$1,569,088	-$540,893 -$90,223	$937,972
12	$1,647,552	-$569,925 -$94,734	$982,893
13	$1,729,920	-$600,401 -$99,470	$1,030,049
14	$1,816,448	-$632,416 -$104,446	$1,079,586
15	$1,907,264	-$666,018 -$109,668	$1,131,578
16	$2,002,624	-$701,301 -$115,151	$1,186,172
17	$2,102,720	-$738,337 -$120,906	$1,243,477
18	$2,207,872	-$777,243 -$126,953	$1,303,676
19	$2,318,272	-$818,091 -$133,301	$1,366,880
20	$2,434,176	-$860,976 -$139,965	$1,433,235
21	$2,555,904	-$906,015 -$146,964	$1,502,925
22	$2,683,712	-$953,304 -$154,313	$1,576,095
23	$2,817,856	-$1,002,937 -$162,027	$1,652,892
24	$2,958,784	-$1,055,080 -$170,130	$1,733,574
25	$3,106,688	-$1,109,805 -$178,635	$1,818,248
26	$3,262,080	-$1,167,300 -$187,570	$1,907,210
27	$3,425,152	-$1,227,637 -$196,946	$2,000,569
28	$3,596,416	-$1,291,004 -$206,794	$2,098,618
29	$3,776,256	-$1,357,545 -$217,135	$2,201,576
30	$3,965,056	-$1,427,401 -$227,991	$2,309,664