The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(5.75%) | $7,843,000 | | Net Lumpsum Payment | $78,128,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$269,150 |
$2,719,462 |
| 2 |
$4,915,044 |
$1,778,897
$282,615 |
$2,853,532 |
| 3 |
$5,160,734 |
$1,869,802
$296,742 |
$2,994,190 |
| 4 |
$5,418,864 |
$1,965,310
$311,585 |
$3,141,969 |
| 5 |
$5,689,745 |
$2,065,536
$327,160 |
$3,297,049 |
| 6 |
$5,974,310 |
$2,170,825
$343,523 |
$3,459,962 |
| 7 |
$6,272,870 |
$2,281,292
$360,690 |
$3,630,888 |
| 8 |
$6,586,669 |
$2,397,398
$378,733 |
$3,810,538 |
| 9 |
$6,916,018 |
$2,519,257
$397,671 |
$3,999,090 |
| 10 |
$7,261,850 |
$2,647,215
$417,556 |
$4,197,079 |
| 11 |
$7,624,787 |
$2,781,502
$438,425 |
$4,404,860 |
| 12 |
$8,006,073 |
$2,922,577
$460,349 |
$4,623,147 |
| 13 |
$8,406,330 |
$3,070,672
$483,364 |
$4,852,294 |
| 14 |
$8,826,802 |
$3,226,247
$507,541 |
$5,093,014 |
| 15 |
$9,268,111 |
$3,389,531
$532,916 |
$5,345,664 |
| 16 |
$9,731,501 |
$3,560,986
$559,561 |
$5,610,954 |
| 17 |
$10,217,905 |
$3,740,955
$587,530 |
$5,889,420 |
| 18 |
$10,728,878 |
$3,930,015
$616,910 |
$6,181,953 |
| 19 |
$11,265,353 |
$4,128,511
$647,758 |
$6,489,084 |
| 20 |
$11,828,574 |
$4,336,903
$680,143 |
$6,811,528 |
| 21 |
$12,420,096 |
$4,555,766
$714,156 |
$7,150,174 |
| 22 |
$13,041,163 |
$4,785,561
$749,867 |
$7,505,735 |
| 23 |
$13,693,019 |
$5,026,747
$787,349 |
$7,878,923 |
| 24 |
$14,377,841 |
$5,280,132
$826,726 |
$8,270,983 |
| 25 |
$15,096,562 |
$5,546,058
$868,052 |
$8,682,452 |
| 26 |
$15,851,670 |
$5,825,448
$911,471 |
$9,114,751 |
| 27 |
$16,644,098 |
$6,118,647
$957,036 |
$9,568,415 |
| 28 |
$17,476,334 |
$6,426,574
$1,004,889 |
$10,044,871 |
| 29 |
$18,350,244 |
$6,749,921
$1,055,139 |
$10,545,184 |
| 30 |
$19,267,694 |
$7,089,377
$1,107,892 |
$11,070,425 |
|
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