The jackpot for the Powerball draw on Sat Sep 12, 2026, is projected to be $232 Million, with an option for a cash payout of $100 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 Sep 12, 2026 |
|---|
| Draw Date | Sat Sep 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $100,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,000,000 | | Federal Tax(24%) | $24,000,000 | | Additional Federal Tax | $12,960,330 | | State Tax(5.75%) | $5,750,000 | | Net Lumpsum Payment | $57,289,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$200,780 |
$2,038,744 |
| 2 |
$3,666,528 |
$1,316,946
$210,825 |
$2,138,757 |
| 3 |
$3,849,808 |
$1,384,759
$221,364 |
$2,243,685 |
| 4 |
$4,042,368 |
$1,456,007
$232,436 |
$2,353,925 |
| 5 |
$4,244,440 |
$1,530,773
$244,055 |
$2,469,612 |
| 6 |
$4,456,720 |
$1,609,317
$256,261 |
$2,591,142 |
| 7 |
$4,679,440 |
$1,691,723
$269,068 |
$2,718,649 |
| 8 |
$4,913,528 |
$1,778,336
$282,528 |
$2,852,664 |
| 9 |
$5,159,216 |
$1,869,240
$296,655 |
$2,993,321 |
| 10 |
$5,417,200 |
$1,964,694
$311,489 |
$3,141,017 |
| 11 |
$5,687,944 |
$2,064,870
$327,057 |
$3,296,017 |
| 12 |
$5,972,376 |
$2,170,110
$343,412 |
$3,458,854 |
| 13 |
$6,270,960 |
$2,280,586
$360,580 |
$3,629,794 |
| 14 |
$6,584,624 |
$2,396,641
$378,616 |
$3,809,367 |
| 15 |
$6,913,832 |
$2,518,448
$397,545 |
$3,997,839 |
| 16 |
$7,259,512 |
$2,646,350
$417,422 |
$4,195,740 |
| 17 |
$7,622,360 |
$2,780,604
$438,286 |
$4,403,470 |
| 18 |
$8,003,536 |
$2,921,639
$460,203 |
$4,621,694 |
| 19 |
$8,403,736 |
$3,069,713
$483,215 |
$4,850,808 |
| 20 |
$8,823,888 |
$3,225,169
$507,374 |
$5,091,345 |
| 21 |
$9,265,152 |
$3,388,437
$532,746 |
$5,343,969 |
| 22 |
$9,728,456 |
$3,559,859
$559,386 |
$5,609,211 |
| 23 |
$10,214,728 |
$3,739,780
$587,347 |
$5,887,601 |
| 24 |
$10,725,592 |
$3,928,799
$616,722 |
$6,180,071 |
| 25 |
$11,261,744 |
$4,127,176
$647,550 |
$6,487,018 |
| 26 |
$11,825,040 |
$4,335,595
$679,940 |
$6,809,505 |
| 27 |
$12,416,176 |
$4,554,316
$713,930 |
$7,147,930 |
| 28 |
$13,037,008 |
$4,784,023
$749,628 |
$7,503,357 |
| 29 |
$13,688,928 |
$5,025,234
$787,113 |
$7,876,581 |
| 30 |
$14,373,328 |
$5,278,462
$826,466 |
$8,268,400 |
|
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