Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(5.75%)	$1,477,750
Net Lumpsum Payment	$14,752,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$49,330	$530,821
2	$900,828	-$293,637 -$51,798	$555,393
3	$945,858	-$310,298 -$54,387	$581,173
4	$993,168	-$327,803 -$57,107	$608,258
5	$1,042,815	-$346,172 -$59,962	$636,681
6	$1,094,970	-$365,469 -$62,961	$666,540
7	$1,149,690	-$385,716 -$66,107	$697,867
8	$1,207,203	-$406,995 -$69,414	$730,794
9	$1,267,566	-$429,330 -$72,885	$765,351
10	$1,330,950	-$452,782 -$76,530	$801,638
11	$1,397,469	-$477,394 -$80,354	$839,721
12	$1,467,351	-$503,250 -$84,373	$879,728
13	$1,540,710	-$530,393 -$88,591	$921,726
14	$1,617,774	-$558,907 -$93,022	$965,845
15	$1,698,657	-$588,833 -$97,673	$1,012,151
16	$1,783,587	-$620,258 -$102,556	$1,060,773
17	$1,872,735	-$653,242 -$107,682	$1,111,811
18	$1,966,386	-$687,893 -$113,067	$1,165,426
19	$2,064,711	-$724,273 -$118,721	$1,221,717
20	$2,167,938	-$762,467 -$124,656	$1,280,815
21	$2,276,352	-$802,581 -$130,890	$1,342,881
22	$2,390,181	-$844,697 -$137,435	$1,408,049
23	$2,509,653	-$888,902 -$144,305	$1,476,446
24	$2,635,167	-$935,342 -$151,522	$1,548,303
25	$2,766,894	-$984,081 -$159,096	$1,623,717
26	$2,905,290	-$1,035,288 -$167,054	$1,702,948
27	$3,050,526	-$1,089,025 -$175,405	$1,786,096
28	$3,203,058	-$1,145,462 -$184,176	$1,873,420
29	$3,363,228	-$1,204,725 -$193,386	$1,965,117
30	$3,531,378	-$1,266,940 -$203,054	$2,061,384