The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(5.75%) | $7,682,000 | | Net Lumpsum Payment | $76,525,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$270,880 |
$2,736,696 |
| 2 |
$4,946,652 |
$1,790,592
$284,432 |
$2,871,628 |
| 3 |
$5,193,922 |
$1,882,082
$298,651 |
$3,013,189 |
| 4 |
$5,453,712 |
$1,978,204
$313,588 |
$3,161,920 |
| 5 |
$5,726,335 |
$2,079,074
$329,264 |
$3,317,997 |
| 6 |
$6,012,730 |
$2,185,040
$345,732 |
$3,481,958 |
| 7 |
$6,313,210 |
$2,296,218
$363,010 |
$3,653,982 |
| 8 |
$6,629,027 |
$2,413,070
$381,169 |
$3,834,788 |
| 9 |
$6,960,494 |
$2,535,713
$400,228 |
$4,024,553 |
| 10 |
$7,308,550 |
$2,664,494
$420,242 |
$4,223,814 |
| 11 |
$7,673,821 |
$2,799,644
$441,245 |
$4,432,932 |
| 12 |
$8,057,559 |
$2,941,627
$463,310 |
$4,652,622 |
| 13 |
$8,460,390 |
$3,090,675
$486,472 |
$4,883,243 |
| 14 |
$8,883,566 |
$3,247,250
$510,805 |
$5,125,511 |
| 15 |
$9,327,713 |
$3,411,584
$536,343 |
$5,379,786 |
| 16 |
$9,794,083 |
$3,584,141
$563,160 |
$5,646,782 |
| 17 |
$10,283,615 |
$3,765,268
$591,308 |
$5,927,039 |
| 18 |
$10,797,874 |
$3,955,544
$620,878 |
$6,221,452 |
| 19 |
$11,337,799 |
$4,155,316
$651,923 |
$6,530,560 |
| 20 |
$11,904,642 |
$4,365,048
$684,517 |
$6,855,077 |
| 21 |
$12,499,968 |
$4,585,319
$718,748 |
$7,195,901 |
| 22 |
$13,125,029 |
$4,816,591
$754,689 |
$7,553,749 |
| 23 |
$13,781,077 |
$5,059,329
$792,412 |
$7,929,336 |
| 24 |
$14,470,303 |
$5,314,342
$832,042 |
$8,323,919 |
| 25 |
$15,193,646 |
$5,581,979
$873,635 |
$8,738,032 |
| 26 |
$15,953,610 |
$5,863,166
$917,333 |
$9,173,111 |
| 27 |
$16,751,134 |
$6,158,250
$963,190 |
$9,629,694 |
| 28 |
$17,588,722 |
$6,468,158
$1,011,352 |
$10,109,212 |
| 29 |
$18,468,252 |
$6,793,584
$1,061,924 |
$10,612,744 |
| 30 |
$19,391,602 |
$7,135,223
$1,115,017 |
$11,141,362 |
|
|
