The jackpot for the Powerball draw on Wed Nov 11, 2026, is projected to be $45 Million, with an option for a cash payout of $19.4 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 Nov 11, 2026 |
|---|
| Draw Date | Wed Nov 11, 2026 | | Projected Jackpot | $45,000,000 | | Cash Value | $19,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $19,400,000 | | Federal Tax(24%) | $4,656,000 | | Additional Federal Tax | $2,482,330 | | State Tax(5.75%) | $1,115,500 | | Net Lumpsum Payment | $11,146,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$38,944 |
$427,421 |
| 2 |
$711,180 |
$223,467
$40,893 |
$446,820 |
| 3 |
$746,730 |
$236,620
$42,937 |
$467,173 |
| 4 |
$784,080 |
$250,440
$45,085 |
$488,555 |
| 5 |
$823,275 |
$264,942
$47,338 |
$510,995 |
| 6 |
$864,450 |
$280,177
$49,706 |
$534,567 |
| 7 |
$907,650 |
$296,161
$52,190 |
$559,299 |
| 8 |
$953,055 |
$312,961
$54,801 |
$585,293 |
| 9 |
$1,000,710 |
$330,593
$57,541 |
$612,576 |
| 10 |
$1,050,750 |
$349,108
$60,418 |
$641,224 |
| 11 |
$1,103,265 |
$368,538
$63,438 |
$671,289 |
| 12 |
$1,158,435 |
$388,951
$66,610 |
$702,874 |
| 13 |
$1,216,350 |
$410,380
$69,940 |
$736,030 |
| 14 |
$1,277,190 |
$432,891
$73,438 |
$770,861 |
| 15 |
$1,341,045 |
$456,517
$77,110 |
$807,418 |
| 16 |
$1,408,095 |
$481,326
$80,965 |
$845,804 |
| 17 |
$1,478,475 |
$507,366
$85,012 |
$886,097 |
| 18 |
$1,552,410 |
$534,722
$89,264 |
$928,424 |
| 19 |
$1,630,035 |
$563,443
$93,727 |
$972,865 |
| 20 |
$1,711,530 |
$593,596
$98,413 |
$1,019,521 |
| 21 |
$1,797,120 |
$625,265
$103,334 |
$1,068,521 |
| 22 |
$1,886,985 |
$658,515
$108,502 |
$1,119,968 |
| 23 |
$1,981,305 |
$693,413
$113,925 |
$1,173,967 |
| 24 |
$2,080,395 |
$730,077
$119,623 |
$1,230,695 |
| 25 |
$2,184,390 |
$768,555
$125,602 |
$1,290,233 |
| 26 |
$2,293,650 |
$808,981
$131,885 |
$1,352,784 |
| 27 |
$2,408,310 |
$851,405
$138,478 |
$1,418,427 |
| 28 |
$2,528,730 |
$895,960
$145,402 |
$1,487,368 |
| 29 |
$2,655,180 |
$942,747
$152,673 |
$1,559,760 |
| 30 |
$2,787,930 |
$991,864
$160,306 |
$1,635,760 |
|
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