The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(5.75%) | $3,961,750 | | Net Lumpsum Payment | $39,484,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$138,469 |
$1,418,341 |
| 2 |
$2,528,640 |
$895,927
$145,397 |
$1,487,316 |
| 3 |
$2,655,040 |
$942,695
$152,665 |
$1,559,680 |
| 4 |
$2,787,840 |
$991,831
$160,301 |
$1,635,708 |
| 5 |
$2,927,200 |
$1,043,394
$168,314 |
$1,715,492 |
| 6 |
$3,073,600 |
$1,097,562
$176,732 |
$1,799,306 |
| 7 |
$3,227,200 |
$1,154,394
$185,564 |
$1,887,242 |
| 8 |
$3,388,640 |
$1,214,127
$194,847 |
$1,979,666 |
| 9 |
$3,558,080 |
$1,276,820
$204,590 |
$2,076,670 |
| 10 |
$3,736,000 |
$1,342,650
$214,820 |
$2,178,530 |
| 11 |
$3,922,720 |
$1,411,737
$225,556 |
$2,285,427 |
| 12 |
$4,118,880 |
$1,484,316
$236,836 |
$2,397,728 |
| 13 |
$4,324,800 |
$1,560,506
$248,676 |
$2,515,618 |
| 14 |
$4,541,120 |
$1,640,545
$261,114 |
$2,639,461 |
| 15 |
$4,768,160 |
$1,724,550
$274,169 |
$2,769,441 |
| 16 |
$5,006,560 |
$1,812,758
$287,877 |
$2,905,925 |
| 17 |
$5,256,800 |
$1,905,346
$302,266 |
$3,049,188 |
| 18 |
$5,519,680 |
$2,002,612
$317,382 |
$3,199,686 |
| 19 |
$5,795,680 |
$2,104,732
$333,252 |
$3,357,696 |
| 20 |
$6,085,440 |
$2,211,943
$349,913 |
$3,523,584 |
| 21 |
$6,389,760 |
$2,324,542
$367,411 |
$3,697,807 |
| 22 |
$6,709,280 |
$2,442,764
$385,784 |
$3,880,732 |
| 23 |
$7,044,640 |
$2,566,847
$405,067 |
$4,072,726 |
| 24 |
$7,396,960 |
$2,697,206
$425,325 |
$4,274,429 |
| 25 |
$7,766,720 |
$2,834,017
$446,586 |
$4,486,117 |
| 26 |
$8,155,200 |
$2,977,754
$468,924 |
$4,708,522 |
| 27 |
$8,562,880 |
$3,128,596
$492,366 |
$4,941,918 |
| 28 |
$8,991,040 |
$3,287,015
$516,985 |
$5,187,040 |
| 29 |
$9,440,640 |
$3,453,367
$542,837 |
$5,444,436 |
| 30 |
$9,912,640 |
$3,628,007
$569,977 |
$5,714,656 |
|
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