The jackpot for the Powerball draw on Sat Mar 21, 2026, is projected to be $120 Million, with an option for a cash payout of $54.6 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 Sat Mar 21, 2026 |
|---|
| Draw Date | Sat Mar 21, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $54,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $54,600,000 | | Federal Tax(24%) | $13,104,000 | | Additional Federal Tax | $7,058,330 | | State Tax(5.75%) | $3,139,500 | | Net Lumpsum Payment | $31,298,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$103,852 |
$1,073,673 |
| 2 |
$1,896,480 |
$662,028
$109,048 |
$1,125,404 |
| 3 |
$1,991,280 |
$697,104
$114,499 |
$1,179,677 |
| 4 |
$2,090,880 |
$733,956
$120,226 |
$1,236,698 |
| 5 |
$2,195,400 |
$772,628
$126,236 |
$1,296,536 |
| 6 |
$2,305,200 |
$813,254
$132,549 |
$1,359,397 |
| 7 |
$2,420,400 |
$855,878
$139,173 |
$1,425,349 |
| 8 |
$2,541,480 |
$900,678
$146,135 |
$1,494,667 |
| 9 |
$2,668,560 |
$947,698
$153,442 |
$1,567,420 |
| 10 |
$2,802,000 |
$997,070
$161,115 |
$1,643,815 |
| 11 |
$2,942,040 |
$1,048,885
$169,167 |
$1,723,988 |
| 12 |
$3,089,160 |
$1,103,320
$177,627 |
$1,808,213 |
| 13 |
$3,243,600 |
$1,160,462
$186,507 |
$1,896,631 |
| 14 |
$3,405,840 |
$1,220,491
$195,836 |
$1,989,513 |
| 15 |
$3,576,120 |
$1,283,495
$205,627 |
$2,086,998 |
| 16 |
$3,754,920 |
$1,349,651
$215,908 |
$2,189,361 |
| 17 |
$3,942,600 |
$1,419,092
$226,700 |
$2,296,808 |
| 18 |
$4,139,760 |
$1,492,042
$238,036 |
$2,409,682 |
| 19 |
$4,346,760 |
$1,568,632
$249,939 |
$2,528,189 |
| 20 |
$4,564,080 |
$1,649,040
$262,435 |
$2,652,605 |
| 21 |
$4,792,320 |
$1,733,489
$275,558 |
$2,783,273 |
| 22 |
$5,031,960 |
$1,822,156
$289,338 |
$2,920,466 |
| 23 |
$5,283,480 |
$1,915,218
$303,800 |
$3,064,462 |
| 24 |
$5,547,720 |
$2,012,987
$318,994 |
$3,215,739 |
| 25 |
$5,825,040 |
$2,115,595
$334,940 |
$3,374,505 |
| 26 |
$6,116,400 |
$2,223,398
$351,693 |
$3,541,309 |
| 27 |
$6,422,160 |
$2,336,530
$369,274 |
$3,716,356 |
| 28 |
$6,743,280 |
$2,455,344
$387,739 |
$3,900,197 |
| 29 |
$7,080,480 |
$2,580,108
$407,128 |
$4,093,244 |
| 30 |
$7,434,480 |
$2,711,088
$427,483 |
$4,295,909 |
|
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