The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 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 Jan 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(5.75%) | $5,203,750 | | Net Lumpsum Payment | $51,850,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$172,221 |
$1,754,392 |
| 2 |
$3,144,996 |
$1,123,979
$180,837 |
$1,840,180 |
| 3 |
$3,302,206 |
$1,182,147
$189,877 |
$1,930,182 |
| 4 |
$3,467,376 |
$1,243,260
$199,374 |
$2,024,742 |
| 5 |
$3,640,705 |
$1,307,391
$209,341 |
$2,123,973 |
| 6 |
$3,822,790 |
$1,374,763
$219,810 |
$2,228,217 |
| 7 |
$4,013,830 |
$1,445,447
$230,795 |
$2,337,588 |
| 8 |
$4,214,621 |
$1,519,740
$242,341 |
$2,452,540 |
| 9 |
$4,425,362 |
$1,597,714
$254,458 |
$2,573,190 |
| 10 |
$4,646,650 |
$1,679,591
$267,182 |
$2,699,877 |
| 11 |
$4,878,883 |
$1,765,517
$280,536 |
$2,832,830 |
| 12 |
$5,122,857 |
$1,855,787
$294,564 |
$2,972,506 |
| 13 |
$5,378,970 |
$1,950,549
$309,291 |
$3,119,130 |
| 14 |
$5,648,018 |
$2,050,097
$324,761 |
$3,273,160 |
| 15 |
$5,930,399 |
$2,154,578
$340,998 |
$3,434,823 |
| 16 |
$6,226,909 |
$2,264,287
$358,047 |
$3,604,575 |
| 17 |
$6,538,145 |
$2,379,444
$375,943 |
$3,782,758 |
| 18 |
$6,865,102 |
$2,500,418
$394,743 |
$3,969,941 |
| 19 |
$7,208,377 |
$2,627,430
$414,482 |
$4,166,465 |
| 20 |
$7,568,766 |
$2,760,774
$435,204 |
$4,372,788 |
| 21 |
$7,947,264 |
$2,900,818
$456,968 |
$4,589,478 |
| 22 |
$8,344,667 |
$3,047,857
$479,818 |
$4,816,992 |
| 23 |
$8,761,771 |
$3,202,186
$503,802 |
$5,055,783 |
| 24 |
$9,199,969 |
$3,364,319
$528,998 |
$5,306,652 |
| 25 |
$9,659,858 |
$3,534,478
$555,442 |
$5,569,938 |
| 26 |
$10,143,030 |
$3,713,251
$583,224 |
$5,846,555 |
| 27 |
$10,650,082 |
$3,900,861
$612,380 |
$6,136,841 |
| 28 |
$11,182,606 |
$4,097,895
$643,000 |
$6,441,711 |
| 29 |
$11,741,796 |
$4,304,795
$675,153 |
$6,761,848 |
| 30 |
$12,328,846 |
$4,522,003
$708,909 |
$7,097,934 |
|
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