The jackpot for the Powerball draw on Wed Sep 16, 2026, is projected to be $271 Million, with an option for a cash payout of $115.1 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 16, 2026 |
|---|
| Draw Date | Wed Sep 16, 2026 | | Projected Jackpot | $271,000,000 | | Cash Value | $115,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,100,000 | | Federal Tax(24%) | $27,624,000 | | Additional Federal Tax | $14,923,330 | | State Tax(5.75%) | $6,618,250 | | Net Lumpsum Payment | $65,934,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,078,821 |
$1,469,494
$234,532 |
$2,374,795 |
| 2 |
$4,282,884 |
$1,544,997
$246,266 |
$2,491,621 |
| 3 |
$4,496,974 |
$1,624,211
$258,576 |
$2,614,187 |
| 4 |
$4,721,904 |
$1,707,435
$271,509 |
$2,742,960 |
| 5 |
$4,957,945 |
$1,794,770
$285,082 |
$2,878,093 |
| 6 |
$5,205,910 |
$1,886,517
$299,340 |
$3,020,053 |
| 7 |
$5,466,070 |
$1,982,776
$314,299 |
$3,168,995 |
| 8 |
$5,739,509 |
$2,083,949
$330,022 |
$3,325,538 |
| 9 |
$6,026,498 |
$2,190,135
$346,524 |
$3,489,839 |
| 10 |
$6,327,850 |
$2,301,635
$363,851 |
$3,662,364 |
| 11 |
$6,644,107 |
$2,418,650
$382,036 |
$3,843,421 |
| 12 |
$6,976,353 |
$2,541,581
$401,140 |
$4,033,632 |
| 13 |
$7,325,130 |
$2,670,628
$421,195 |
$4,233,307 |
| 14 |
$7,691,522 |
$2,806,194
$442,263 |
$4,443,065 |
| 15 |
$8,076,071 |
$2,948,477
$464,374 |
$4,663,220 |
| 16 |
$8,479,861 |
$3,097,879
$487,592 |
$4,894,390 |
| 17 |
$8,903,705 |
$3,254,701
$511,963 |
$5,137,041 |
| 18 |
$9,348,958 |
$3,419,445
$537,565 |
$5,391,948 |
| 19 |
$9,816,433 |
$3,592,411
$564,445 |
$5,659,577 |
| 20 |
$10,307,214 |
$3,774,000
$592,665 |
$5,940,549 |
| 21 |
$10,822,656 |
$3,964,713
$622,303 |
$6,235,640 |
| 22 |
$11,363,843 |
$4,164,952
$653,421 |
$6,545,470 |
| 23 |
$11,931,859 |
$4,375,118
$686,082 |
$6,870,659 |
| 24 |
$12,528,601 |
$4,595,913
$720,395 |
$7,212,293 |
| 25 |
$13,154,882 |
$4,827,637
$756,406 |
$7,570,839 |
| 26 |
$13,812,870 |
$5,071,092
$794,240 |
$7,947,538 |
| 27 |
$14,503,378 |
$5,326,580
$833,944 |
$8,342,854 |
| 28 |
$15,228,574 |
$5,594,903
$875,643 |
$8,758,028 |
| 29 |
$15,990,084 |
$5,876,661
$919,430 |
$9,193,993 |
| 30 |
$16,789,534 |
$6,172,458
$965,398 |
$9,651,678 |
|
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