The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia Powerball Jackpot/Cash Option for Wed Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(5.75%) | $3,639,750 | | Net Lumpsum Payment | $36,278,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$126,353 |
$1,297,708 |
| 2 |
$2,307,384 |
$814,062
$132,675 |
$1,360,647 |
| 3 |
$2,422,724 |
$856,738
$139,307 |
$1,426,679 |
| 4 |
$2,543,904 |
$901,575
$146,274 |
$1,496,055 |
| 5 |
$2,671,070 |
$948,626
$153,587 |
$1,568,857 |
| 6 |
$2,804,660 |
$998,055
$161,268 |
$1,645,337 |
| 7 |
$2,944,820 |
$1,049,914
$169,327 |
$1,725,579 |
| 8 |
$3,092,134 |
$1,104,420
$177,798 |
$1,809,916 |
| 9 |
$3,246,748 |
$1,161,627
$186,688 |
$1,898,433 |
| 10 |
$3,409,100 |
$1,221,697
$196,023 |
$1,991,380 |
| 11 |
$3,579,482 |
$1,284,739
$205,820 |
$2,088,923 |
| 12 |
$3,758,478 |
$1,350,967
$216,112 |
$2,191,399 |
| 13 |
$3,946,380 |
$1,420,491
$226,917 |
$2,298,972 |
| 14 |
$4,143,772 |
$1,493,526
$238,267 |
$2,411,979 |
| 15 |
$4,350,946 |
$1,570,180
$250,179 |
$2,530,587 |
| 16 |
$4,568,486 |
$1,650,670
$262,688 |
$2,655,128 |
| 17 |
$4,796,830 |
$1,735,157
$275,818 |
$2,785,855 |
| 18 |
$5,036,708 |
$1,823,912
$289,611 |
$2,923,185 |
| 19 |
$5,288,558 |
$1,917,097
$304,092 |
$3,067,369 |
| 20 |
$5,552,964 |
$2,014,927
$319,295 |
$3,218,742 |
| 21 |
$5,830,656 |
$2,117,673
$335,263 |
$3,377,720 |
| 22 |
$6,122,218 |
$2,225,551
$352,028 |
$3,544,639 |
| 23 |
$6,428,234 |
$2,338,777
$369,623 |
$3,719,834 |
| 24 |
$6,749,726 |
$2,457,729
$388,109 |
$3,903,888 |
| 25 |
$7,087,132 |
$2,582,569
$407,510 |
$4,097,053 |
| 26 |
$7,441,620 |
$2,713,730
$427,893 |
$4,299,997 |
| 27 |
$7,813,628 |
$2,851,373
$449,284 |
$4,512,971 |
| 28 |
$8,204,324 |
$2,995,930
$471,749 |
$4,736,645 |
| 29 |
$8,614,584 |
$3,147,726
$495,339 |
$4,971,519 |
| 30 |
$9,045,284 |
$3,307,085
$520,104 |
$5,218,095 |
|
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