The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Mon Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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