The jackpot for the Powerball draw on Sat Apr 25, 2026, is projected to be $118 Million, with an option for a cash payout of $53.9 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 Apr 25, 2026 |
|---|
| Draw Date | Sat Apr 25, 2026 | | Projected Jackpot | $118,000,000 | | Cash Value | $53,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $53,900,000 | | Federal Tax(24%) | $12,936,000 | | Additional Federal Tax | $6,967,330 | | State Tax(5.75%) | $3,099,250 | | Net Lumpsum Payment | $30,897,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,776,018 |
$617,457
$102,121 |
$1,056,440 |
| 2 |
$1,864,872 |
$650,333
$107,230 |
$1,107,309 |
| 3 |
$1,958,092 |
$684,824
$112,590 |
$1,160,678 |
| 4 |
$2,056,032 |
$721,062
$118,222 |
$1,216,748 |
| 5 |
$2,158,810 |
$759,090
$124,132 |
$1,275,588 |
| 6 |
$2,266,780 |
$799,039
$130,340 |
$1,337,401 |
| 7 |
$2,380,060 |
$840,953
$136,853 |
$1,402,254 |
| 8 |
$2,499,122 |
$885,006
$143,700 |
$1,470,416 |
| 9 |
$2,624,084 |
$931,241
$150,885 |
$1,541,958 |
| 10 |
$2,755,300 |
$979,791
$158,430 |
$1,617,079 |
| 11 |
$2,893,006 |
$1,030,743
$166,348 |
$1,695,915 |
| 12 |
$3,037,674 |
$1,084,270
$174,666 |
$1,778,738 |
| 13 |
$3,189,540 |
$1,140,460
$183,399 |
$1,865,681 |
| 14 |
$3,349,076 |
$1,199,489
$192,572 |
$1,957,015 |
| 15 |
$3,516,518 |
$1,261,442
$202,200 |
$2,052,876 |
| 16 |
$3,692,338 |
$1,326,495
$212,309 |
$2,153,534 |
| 17 |
$3,876,890 |
$1,394,780
$222,921 |
$2,259,189 |
| 18 |
$4,070,764 |
$1,466,513
$234,069 |
$2,370,182 |
| 19 |
$4,274,314 |
$1,541,827
$245,773 |
$2,486,714 |
| 20 |
$4,488,012 |
$1,620,895
$258,061 |
$2,609,056 |
| 21 |
$4,712,448 |
$1,703,936
$270,966 |
$2,737,546 |
| 22 |
$4,948,094 |
$1,791,125
$284,515 |
$2,872,454 |
| 23 |
$5,195,422 |
$1,882,637
$298,737 |
$3,014,048 |
| 24 |
$5,455,258 |
$1,978,776
$313,677 |
$3,162,805 |
| 25 |
$5,727,956 |
$2,079,674
$329,357 |
$3,318,925 |
| 26 |
$6,014,460 |
$2,185,681
$345,831 |
$3,482,948 |
| 27 |
$6,315,124 |
$2,296,926
$363,120 |
$3,655,078 |
| 28 |
$6,630,892 |
$2,413,760
$381,276 |
$3,835,856 |
| 29 |
$6,962,472 |
$2,536,445
$400,342 |
$4,025,685 |
| 30 |
$7,310,572 |
$2,665,242
$420,358 |
$4,224,972 |
|
|
