The jackpot for the Powerball draw on Mon Jun 15, 2026, is projected to be $269 Million, with an option for a cash payout of $120.5 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 Jun 15, 2026 |
|---|
| Draw Date | Mon Jun 15, 2026 | | Projected Jackpot | $269,000,000 | | Cash Value | $120,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,500,000 | | Federal Tax(24%) | $28,920,000 | | Additional Federal Tax | $15,625,330 | | State Tax(5.75%) | $6,928,750 | | Net Lumpsum Payment | $69,025,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,048,719 |
$1,458,356
$232,801 |
$2,357,562 |
| 2 |
$4,251,276 |
$1,533,303
$244,448 |
$2,473,525 |
| 3 |
$4,463,786 |
$1,611,931
$256,668 |
$2,595,187 |
| 4 |
$4,687,056 |
$1,694,541
$269,506 |
$2,723,009 |
| 5 |
$4,921,355 |
$1,781,232
$282,978 |
$2,857,145 |
| 6 |
$5,167,490 |
$1,872,302
$297,131 |
$2,998,057 |
| 7 |
$5,425,730 |
$1,967,850
$311,979 |
$3,145,901 |
| 8 |
$5,697,151 |
$2,068,276
$327,586 |
$3,301,289 |
| 9 |
$5,982,022 |
$2,173,679
$343,966 |
$3,464,377 |
| 10 |
$6,281,150 |
$2,284,356
$361,166 |
$3,635,628 |
| 11 |
$6,595,073 |
$2,400,507
$379,217 |
$3,815,349 |
| 12 |
$6,924,867 |
$2,522,531
$398,180 |
$4,004,156 |
| 13 |
$7,271,070 |
$2,650,626
$418,087 |
$4,202,357 |
| 14 |
$7,634,758 |
$2,785,191
$438,999 |
$4,410,568 |
| 15 |
$8,016,469 |
$2,926,424
$460,947 |
$4,629,098 |
| 16 |
$8,417,279 |
$3,074,724
$483,994 |
$4,858,561 |
| 17 |
$8,837,995 |
$3,230,389
$508,185 |
$5,099,421 |
| 18 |
$9,279,962 |
$3,393,916
$533,598 |
$5,352,448 |
| 19 |
$9,743,987 |
$3,565,606
$560,279 |
$5,618,102 |
| 20 |
$10,231,146 |
$3,745,854
$588,291 |
$5,897,001 |
| 21 |
$10,742,784 |
$3,935,160
$617,710 |
$6,189,914 |
| 22 |
$11,279,977 |
$4,133,922
$648,599 |
$6,497,456 |
| 23 |
$11,843,801 |
$4,342,537
$681,019 |
$6,820,245 |
| 24 |
$12,436,139 |
$4,561,702
$715,078 |
$7,159,359 |
| 25 |
$13,057,798 |
$4,791,716
$750,823 |
$7,515,259 |
| 26 |
$13,710,930 |
$5,033,374
$788,378 |
$7,889,178 |
| 27 |
$14,396,342 |
$5,286,977
$827,790 |
$8,281,575 |
| 28 |
$15,116,186 |
$5,553,319
$869,181 |
$8,693,686 |
| 29 |
$15,872,076 |
$5,832,999
$912,644 |
$9,126,433 |
| 30 |
$16,665,626 |
$6,126,612
$958,273 |
$9,580,741 |
|
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