The jackpot for the MEGA Millions draw on Tue Oct 6, 2026, is projected to be $345 Million, with an option for a cash payout of $139.6 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 Tue Oct 6, 2026 |
|---|
| Draw Date | Tue Oct 6, 2026 | | Projected Jackpot | $345,000,000 | | Cash Value | $139,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $139,600,000 | | Federal Tax(24%) | $33,504,000 | | Additional Federal Tax | $18,108,330 | | State Tax(5.75%) | $8,027,000 | | Net Lumpsum Payment | $79,960,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,192,595 |
$1,881,591
$298,574 |
$3,012,430 |
| 2 |
$5,452,380 |
$1,977,711
$313,512 |
$3,161,157 |
| 3 |
$5,724,930 |
$2,078,554
$329,183 |
$3,317,193 |
| 4 |
$6,011,280 |
$2,184,504
$345,649 |
$3,481,127 |
| 5 |
$6,311,775 |
$2,295,687
$362,927 |
$3,653,161 |
| 6 |
$6,627,450 |
$2,412,487
$381,078 |
$3,833,885 |
| 7 |
$6,958,650 |
$2,535,031
$400,122 |
$4,023,497 |
| 8 |
$7,306,755 |
$2,663,830
$420,138 |
$4,222,787 |
| 9 |
$7,672,110 |
$2,799,011
$441,146 |
$4,431,953 |
| 10 |
$8,055,750 |
$2,940,958
$463,206 |
$4,651,586 |
| 11 |
$8,458,365 |
$3,089,925
$486,356 |
$4,882,084 |
| 12 |
$8,881,335 |
$3,246,424
$510,677 |
$5,124,234 |
| 13 |
$9,325,350 |
$3,410,710
$536,208 |
$5,378,432 |
| 14 |
$9,791,790 |
$3,583,293
$563,028 |
$5,645,469 |
| 15 |
$10,281,345 |
$3,764,428
$591,177 |
$5,925,740 |
| 16 |
$10,795,395 |
$3,954,627
$620,735 |
$6,220,033 |
| 17 |
$11,334,975 |
$4,154,271
$651,761 |
$6,528,943 |
| 18 |
$11,901,810 |
$4,364,000
$684,354 |
$6,853,456 |
| 19 |
$12,496,935 |
$4,584,196
$718,574 |
$7,194,165 |
| 20 |
$13,121,730 |
$4,815,370
$754,499 |
$7,551,861 |
| 21 |
$13,777,920 |
$5,058,161
$792,230 |
$7,927,529 |
| 22 |
$14,466,885 |
$5,313,078
$831,846 |
$8,321,961 |
| 23 |
$15,190,005 |
$5,580,632
$873,425 |
$8,735,948 |
| 24 |
$15,949,695 |
$5,861,718
$917,107 |
$9,170,870 |
| 25 |
$16,746,990 |
$6,156,717
$962,952 |
$9,627,321 |
| 26 |
$17,584,650 |
$6,466,651
$1,011,117 |
$10,106,882 |
| 27 |
$18,463,710 |
$6,791,903
$1,061,663 |
$10,610,144 |
| 28 |
$19,386,930 |
$7,133,494
$1,114,748 |
$11,138,688 |
| 29 |
$20,356,380 |
$7,492,191
$1,170,492 |
$11,693,697 |
| 30 |
$21,374,130 |
$7,868,758
$1,229,012 |
$12,276,360 |
|
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