The jackpot for the Powerball draw on Sat Jun 27, 2026, is projected to be $348 Million, with an option for a cash payout of $157.5 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 Sat Jun 27, 2026 |
|---|
| Draw Date | Sat Jun 27, 2026 | | Projected Jackpot | $348,000,000 | | Cash Value | $157,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $157,500,000 | | Federal Tax(24%) | $37,800,000 | | Additional Federal Tax | $20,435,330 | | State Tax(5.75%) | $9,056,250 | | Net Lumpsum Payment | $90,208,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$301,171 |
$3,038,280 |
| 2 |
$5,499,792 |
$1,995,253
$316,238 |
$3,188,301 |
| 3 |
$5,774,712 |
$2,096,974
$332,046 |
$3,345,692 |
| 4 |
$6,063,552 |
$2,203,845
$348,654 |
$3,511,053 |
| 5 |
$6,366,660 |
$2,315,995
$366,083 |
$3,684,582 |
| 6 |
$6,685,080 |
$2,433,810
$384,392 |
$3,866,878 |
| 7 |
$7,019,160 |
$2,557,420
$403,602 |
$4,058,138 |
| 8 |
$7,370,292 |
$2,687,338
$423,792 |
$4,259,162 |
| 9 |
$7,738,824 |
$2,823,695
$444,982 |
$4,470,147 |
| 10 |
$8,125,800 |
$2,966,876
$467,234 |
$4,691,690 |
| 11 |
$8,531,916 |
$3,117,139
$490,585 |
$4,924,192 |
| 12 |
$8,958,564 |
$3,274,999
$515,117 |
$5,168,448 |
| 13 |
$9,406,440 |
$3,440,713
$540,870 |
$5,424,857 |
| 14 |
$9,876,936 |
$3,614,797
$567,924 |
$5,694,215 |
| 15 |
$10,370,748 |
$3,797,507
$596,318 |
$5,976,923 |
| 16 |
$10,889,268 |
$3,989,360
$626,133 |
$6,273,775 |
| 17 |
$11,433,540 |
$4,190,740
$657,429 |
$6,585,371 |
| 18 |
$12,005,304 |
$4,402,293
$690,305 |
$6,912,706 |
| 19 |
$12,605,604 |
$4,624,404
$724,822 |
$7,256,378 |
| 20 |
$13,235,832 |
$4,857,588
$761,060 |
$7,617,184 |
| 21 |
$13,897,728 |
$5,102,490
$799,119 |
$7,996,119 |
| 22 |
$14,592,684 |
$5,359,623
$839,079 |
$8,393,982 |
| 23 |
$15,322,092 |
$5,629,504
$881,020 |
$8,811,568 |
| 24 |
$16,088,388 |
$5,913,034
$925,082 |
$9,250,272 |
| 25 |
$16,892,616 |
$6,210,598
$971,325 |
$9,710,693 |
| 26 |
$17,737,560 |
$6,523,228
$1,019,910 |
$10,194,422 |
| 27 |
$18,624,264 |
$6,851,308
$1,070,895 |
$10,702,061 |
| 28 |
$19,555,512 |
$7,195,870
$1,124,442 |
$11,235,200 |
| 29 |
$20,533,392 |
$7,557,685
$1,180,670 |
$11,795,037 |
| 30 |
$21,559,992 |
$7,937,527
$1,239,700 |
$12,382,765 |
|
|
