The jackpot for the Powerball draw on Sat Jan 10, 2026, is projected to be $124 Million, with an option for a cash payout of $56 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 Sat Jan 10, 2026 |
|---|
| Draw Date | Sat Jan 10, 2026 | | Projected Jackpot | $124,000,000 | | Cash Value | $56,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,000,000 | | Federal Tax(24%) | $13,440,000 | | Additional Federal Tax | $7,240,330 | | State Tax(5.75%) | $3,220,000 | | Net Lumpsum Payment | $32,099,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,866,324 |
$650,870
$107,314 |
$1,108,140 |
| 2 |
$1,959,696 |
$685,418
$112,683 |
$1,161,595 |
| 3 |
$2,057,656 |
$721,663
$118,315 |
$1,217,678 |
| 4 |
$2,160,576 |
$759,744
$124,233 |
$1,276,599 |
| 5 |
$2,268,580 |
$799,705
$130,443 |
$1,338,432 |
| 6 |
$2,382,040 |
$841,685
$136,967 |
$1,403,388 |
| 7 |
$2,501,080 |
$885,730
$143,812 |
$1,471,538 |
| 8 |
$2,626,196 |
$932,023
$151,006 |
$1,543,167 |
| 9 |
$2,757,512 |
$980,610
$158,557 |
$1,618,345 |
| 10 |
$2,895,400 |
$1,031,628
$166,486 |
$1,697,286 |
| 11 |
$3,040,108 |
$1,085,170
$174,806 |
$1,780,132 |
| 12 |
$3,192,132 |
$1,141,419
$183,548 |
$1,867,165 |
| 13 |
$3,351,720 |
$1,200,467
$192,724 |
$1,958,529 |
| 14 |
$3,519,368 |
$1,262,497
$202,364 |
$2,054,507 |
| 15 |
$3,695,324 |
$1,327,600
$212,481 |
$2,155,243 |
| 16 |
$3,880,084 |
$1,395,961
$223,105 |
$2,261,018 |
| 17 |
$4,074,020 |
$1,467,718
$234,256 |
$2,372,046 |
| 18 |
$4,277,752 |
$1,543,099
$245,971 |
$2,488,682 |
| 19 |
$4,491,652 |
$1,622,242
$258,270 |
$2,611,140 |
| 20 |
$4,716,216 |
$1,705,330
$271,182 |
$2,739,704 |
| 21 |
$4,952,064 |
$1,792,594
$284,744 |
$2,874,726 |
| 22 |
$5,199,692 |
$1,884,216
$298,982 |
$3,016,494 |
| 23 |
$5,459,596 |
$1,980,381
$313,927 |
$3,165,288 |
| 24 |
$5,732,644 |
$2,081,409
$329,627 |
$3,321,608 |
| 25 |
$6,019,208 |
$2,187,437
$346,104 |
$3,485,667 |
| 26 |
$6,320,280 |
$2,298,834
$363,416 |
$3,658,030 |
| 27 |
$6,636,232 |
$2,415,736
$381,583 |
$3,838,913 |
| 28 |
$6,968,056 |
$2,538,511
$400,663 |
$4,028,882 |
| 29 |
$7,316,496 |
$2,667,434
$420,699 |
$4,228,363 |
| 30 |
$7,682,296 |
$2,802,780
$441,732 |
$4,437,784 |
|
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