diff --git a/.github/workflows/release.yml b/.github/workflows/release.yml
index b215276e889..f1d2b10c41c 100644
--- a/.github/workflows/release.yml
+++ b/.github/workflows/release.yml
@@ -79,11 +79,18 @@ jobs:
 
           nextTag=''
           releaseType=${{ inputs.releaseType }}
-          if [ $releaseType == "minor" ]; then
-            # increment minor version and reset patch version
-            nextTag=$(echo "${currentTag}" | awk -F. '{OFS="."; $2+=1; $3=0; print $0}')
+          if [ $releaseType == "major" ]; then
+              # PBS-GO skipped the v1.0.0 major release - https://github.com/prebid/prebid-server/issues/3068
+              # If the current tag is v0.x.x, the script sets the next release tag to v2.0.0
+              # Otherwise, the script increments the major version by 1 and sets the minor and patch versions to zero
+              # For example, v2.x.x will be incremented to v3.0.0
+              major=$(echo "${currentTag}" | awk -F. '{gsub(/^v/, "", $1); if($1 == 0) $1=2; else $1+=1; print $1}')
+              nextTag="v${major}.0.0"
+          elif [ $releaseType == "minor" ]; then
+              # Increment minor version and reset patch version
+              nextTag=$(echo "${currentTag}" | awk -F. '{OFS="."; $2+=1; $3=0; print $0}')
           else
-            # increment patch version
+            # Increment patch version
             nextTag=$(echo "${currentTag}" | awk -F. '{OFS="."; $3+=1; print $0}')
           fi