The jackpot for the Powerball draw on Wed Jun 17, 2026, is projected to be $283 Million, with an option for a cash payout of $126.8 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 Jun 17, 2026 |
|---|
| Draw Date | Wed Jun 17, 2026 | | Projected Jackpot | $283,000,000 | | Cash Value | $126,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,800,000 | | Federal Tax(24%) | $30,432,000 | | Additional Federal Tax | $16,444,330 | | State Tax(5.75%) | $7,291,000 | | Net Lumpsum Payment | $72,632,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,259,433 |
$1,536,321
$244,917 |
$2,478,195 |
| 2 |
$4,472,532 |
$1,615,167
$257,171 |
$2,600,194 |
| 3 |
$4,696,102 |
$1,697,888
$270,026 |
$2,728,188 |
| 4 |
$4,930,992 |
$1,784,797
$283,532 |
$2,862,663 |
| 5 |
$5,177,485 |
$1,876,000
$297,705 |
$3,003,780 |
| 6 |
$5,436,430 |
$1,971,809
$312,595 |
$3,152,026 |
| 7 |
$5,708,110 |
$2,072,331
$328,216 |
$3,307,563 |
| 8 |
$5,993,657 |
$2,177,983
$344,635 |
$3,471,039 |
| 9 |
$6,293,354 |
$2,288,871
$361,868 |
$3,642,615 |
| 10 |
$6,608,050 |
$2,405,309
$379,963 |
$3,822,778 |
| 11 |
$6,938,311 |
$2,527,505
$398,953 |
$4,011,853 |
| 12 |
$7,285,269 |
$2,655,880
$418,903 |
$4,210,486 |
| 13 |
$7,649,490 |
$2,790,642
$439,846 |
$4,419,002 |
| 14 |
$8,032,106 |
$2,932,210
$461,846 |
$4,638,050 |
| 15 |
$8,433,683 |
$3,080,793
$484,937 |
$4,867,953 |
| 16 |
$8,855,353 |
$3,236,811
$509,183 |
$5,109,359 |
| 17 |
$9,297,965 |
$3,400,577
$534,633 |
$5,362,755 |
| 18 |
$9,762,934 |
$3,572,616
$561,369 |
$5,628,949 |
| 19 |
$10,251,109 |
$3,753,241
$589,439 |
$5,908,429 |
| 20 |
$10,763,622 |
$3,942,871
$618,908 |
$6,201,843 |
| 21 |
$11,301,888 |
$4,142,029
$649,859 |
$6,510,000 |
| 22 |
$11,867,039 |
$4,351,135
$682,355 |
$6,833,549 |
| 23 |
$12,460,207 |
$4,570,607
$716,462 |
$7,173,138 |
| 24 |
$13,083,373 |
$4,801,178
$752,294 |
$7,529,901 |
| 25 |
$13,737,386 |
$5,043,163
$789,900 |
$7,904,323 |
| 26 |
$14,424,510 |
$5,297,399
$829,409 |
$8,297,702 |
| 27 |
$15,145,594 |
$5,564,200
$870,872 |
$8,710,522 |
| 28 |
$15,902,902 |
$5,844,404
$914,417 |
$9,144,081 |
| 29 |
$16,698,132 |
$6,138,639
$960,143 |
$9,599,350 |
| 30 |
$17,532,982 |
$6,447,534
$1,008,146 |
$10,077,302 |
|
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