The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(5.75%) | $18,595,500 | | Net Lumpsum Payment | $185,186,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$643,016 |
$6,441,876 |
| 2 |
$11,742,372 |
$4,305,008
$675,186 |
$6,762,178 |
| 3 |
$12,329,342 |
$4,522,187
$708,937 |
$7,098,218 |
| 4 |
$12,946,032 |
$4,750,362
$744,397 |
$7,451,273 |
| 5 |
$13,593,185 |
$4,989,809
$781,608 |
$7,821,768 |
| 6 |
$14,273,030 |
$5,241,351
$820,699 |
$8,210,980 |
| 7 |
$14,986,310 |
$5,505,265
$861,713 |
$8,619,332 |
| 8 |
$15,735,997 |
$5,782,649
$904,820 |
$9,048,528 |
| 9 |
$16,522,834 |
$6,073,779
$950,063 |
$9,498,992 |
| 10 |
$17,349,050 |
$6,379,479
$997,570 |
$9,972,001 |
| 11 |
$18,216,131 |
$6,700,299
$1,047,428 |
$10,468,404 |
| 12 |
$19,127,049 |
$7,037,339
$1,099,805 |
$10,989,905 |
| 13 |
$20,083,290 |
$7,391,148
$1,154,789 |
$11,537,353 |
| 14 |
$21,087,826 |
$7,762,826
$1,212,550 |
$12,112,450 |
| 15 |
$22,142,143 |
$8,152,923
$1,273,173 |
$12,716,047 |
| 16 |
$23,249,213 |
$8,562,539
$1,336,830 |
$13,349,844 |
| 17 |
$24,411,265 |
$8,992,498
$1,403,648 |
$14,015,119 |
| 18 |
$25,632,014 |
$9,444,176
$1,473,841 |
$14,713,997 |
| 19 |
$26,913,689 |
$9,918,395
$1,547,537 |
$15,447,757 |
| 20 |
$28,259,262 |
$10,416,257
$1,624,908 |
$16,218,097 |
| 21 |
$29,672,448 |
$10,939,136
$1,706,166 |
$17,027,146 |
| 22 |
$31,156,219 |
$11,488,131
$1,791,483 |
$17,876,605 |
| 23 |
$32,713,547 |
$12,064,343
$1,881,029 |
$18,768,175 |
| 24 |
$34,349,633 |
$12,669,695
$1,975,104 |
$19,704,834 |
| 25 |
$36,066,706 |
$13,305,012
$2,073,836 |
$20,687,858 |
| 26 |
$37,870,710 |
$13,972,493
$2,177,566 |
$21,720,651 |
| 27 |
$39,763,874 |
$14,672,964
$2,286,423 |
$22,804,487 |
| 28 |
$41,752,142 |
$15,408,623
$2,400,748 |
$23,942,771 |
| 29 |
$43,839,972 |
$16,181,120
$2,520,798 |
$25,138,054 |
| 30 |
$46,031,822 |
$16,992,105
$2,646,830 |
$26,392,887 |
|
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