The jackpot for the Powerball draw on Wed Apr 29, 2026, is projected to be $143 Million, with an option for a cash payout of $65 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 Apr 29, 2026 |
|---|
| Draw Date | Wed Apr 29, 2026 | | Projected Jackpot | $143,000,000 | | Cash Value | $65,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $65,000,000 | | Federal Tax(24%) | $15,600,000 | | Additional Federal Tax | $8,410,330 | | State Tax(5.75%) | $3,737,500 | | Net Lumpsum Payment | $37,252,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,152,293 |
$756,679
$123,757 |
$1,271,857 |
| 2 |
$2,259,972 |
$796,520
$129,948 |
$1,333,504 |
| 3 |
$2,372,942 |
$838,319
$136,444 |
$1,398,179 |
| 4 |
$2,491,632 |
$882,234
$143,269 |
$1,466,129 |
| 5 |
$2,616,185 |
$928,319
$150,431 |
$1,537,435 |
| 6 |
$2,747,030 |
$976,731
$157,954 |
$1,612,345 |
| 7 |
$2,884,310 |
$1,027,525
$165,848 |
$1,690,937 |
| 8 |
$3,028,597 |
$1,080,911
$174,144 |
$1,773,542 |
| 9 |
$3,180,034 |
$1,136,943
$182,852 |
$1,860,239 |
| 10 |
$3,339,050 |
$1,195,779
$191,995 |
$1,951,276 |
| 11 |
$3,505,931 |
$1,257,525
$201,591 |
$2,046,815 |
| 12 |
$3,681,249 |
$1,322,393
$211,672 |
$2,147,184 |
| 13 |
$3,865,290 |
$1,390,488
$222,254 |
$2,252,548 |
| 14 |
$4,058,626 |
$1,462,022
$233,371 |
$2,363,233 |
| 15 |
$4,261,543 |
$1,537,101
$245,039 |
$2,479,403 |
| 16 |
$4,474,613 |
$1,615,937
$257,290 |
$2,601,386 |
| 17 |
$4,698,265 |
$1,698,688
$270,150 |
$2,729,427 |
| 18 |
$4,933,214 |
$1,785,620
$283,660 |
$2,863,934 |
| 19 |
$5,179,889 |
$1,876,889
$297,844 |
$3,005,156 |
| 20 |
$5,438,862 |
$1,972,709
$312,735 |
$3,153,418 |
| 21 |
$5,710,848 |
$2,073,344
$328,374 |
$3,309,130 |
| 22 |
$5,996,419 |
$2,179,005
$344,794 |
$3,472,620 |
| 23 |
$6,296,147 |
$2,289,905
$362,028 |
$3,644,214 |
| 24 |
$6,611,033 |
$2,406,413
$380,134 |
$3,824,486 |
| 25 |
$6,941,506 |
$2,528,688
$399,137 |
$4,013,681 |
| 26 |
$7,288,710 |
$2,657,153
$419,101 |
$4,212,456 |
| 27 |
$7,653,074 |
$2,791,968
$440,052 |
$4,421,054 |
| 28 |
$8,035,742 |
$2,933,555
$462,055 |
$4,640,132 |
| 29 |
$8,437,572 |
$3,082,232
$485,160 |
$4,870,180 |
| 30 |
$8,859,422 |
$3,238,317
$509,417 |
$5,111,688 |
|
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