Georgia Lottery

GALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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 Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(5.75%)	$16,945,250
Net Lumpsum Payment	$168,755,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$594,552	$5,959,341
2	$10,857,348	-$3,977,549 -$624,298	$6,255,501
3	$11,400,078	-$4,178,359 -$655,504	$6,566,215
4	$11,970,288	-$4,389,337 -$688,292	$6,892,659
5	$12,568,665	-$4,610,736 -$722,698	$7,235,231
6	$13,197,270	-$4,843,320 -$758,843	$7,595,107
7	$13,856,790	-$5,087,343 -$796,765	$7,972,682
8	$14,549,973	-$5,343,820 -$836,623	$8,369,530
9	$15,277,506	-$5,613,008 -$878,457	$8,786,041
10	$16,041,450	-$5,895,667 -$922,383	$9,223,400
11	$16,843,179	-$6,192,307 -$968,483	$9,682,389
12	$17,685,441	-$6,503,944 -$1,016,913	$10,164,584
13	$18,569,610	-$6,831,086 -$1,067,753	$10,670,771
14	$19,498,434	-$7,174,751 -$1,121,160	$11,202,523
15	$20,473,287	-$7,535,447 -$1,177,214	$11,760,626
16	$21,496,917	-$7,914,190 -$1,236,073	$12,346,654
17	$22,571,385	-$8,311,743 -$1,297,855	$12,961,787
18	$23,700,126	-$8,729,377 -$1,362,757	$13,607,992
19	$24,885,201	-$9,167,855 -$1,430,899	$14,286,447
20	$26,129,358	-$9,628,193 -$1,502,438	$14,998,727
21	$27,436,032	-$10,111,662 -$1,577,572	$15,746,798
22	$28,807,971	-$10,619,280 -$1,656,458	$16,532,233
23	$30,247,923	-$11,152,062 -$1,739,256	$17,356,605
24	$31,760,697	-$11,711,788 -$1,826,240	$18,222,669
25	$33,348,354	-$12,299,221 -$1,917,530	$19,131,603
26	$35,016,390	-$12,916,395 -$2,013,442	$20,086,553
27	$36,766,866	-$13,564,071 -$2,114,095	$21,088,700
28	$38,605,278	-$14,244,283 -$2,219,803	$22,141,192
29	$40,535,748	-$14,958,557 -$2,330,806	$23,246,385
30	$42,562,398	-$15,708,418 -$2,447,338	$24,406,642