The jackpot for the MEGA Millions draw on Fri Oct 23, 2026, is projected to be $433 Million, with an option for a cash payout of $178.6 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 Fri Oct 23, 2026 |
|---|
| Draw Date | Fri Oct 23, 2026 | | Projected Jackpot | $433,000,000 | | Cash Value | $178,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $178,600,000 | | Federal Tax(24%) | $42,864,000 | | Additional Federal Tax | $23,178,330 | | State Tax(5.75%) | $10,269,500 | | Net Lumpsum Payment | $102,288,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,517,083 |
$2,371,651
$374,732 |
$3,770,700 |
| 2 |
$6,843,132 |
$2,492,289
$393,480 |
$3,957,363 |
| 3 |
$7,185,202 |
$2,618,855
$413,149 |
$4,153,198 |
| 4 |
$7,544,592 |
$2,751,829
$433,814 |
$4,358,949 |
| 5 |
$7,921,735 |
$2,891,372
$455,500 |
$4,574,863 |
| 6 |
$8,317,930 |
$3,037,964
$478,281 |
$4,801,685 |
| 7 |
$8,733,610 |
$3,191,766
$502,183 |
$5,039,661 |
| 8 |
$9,170,507 |
$3,353,418
$527,304 |
$5,289,785 |
| 9 |
$9,629,054 |
$3,523,080
$553,671 |
$5,552,303 |
| 10 |
$10,110,550 |
$3,701,234
$581,357 |
$5,827,959 |
| 11 |
$10,615,861 |
$3,888,199
$610,412 |
$6,117,250 |
| 12 |
$11,146,719 |
$4,084,616
$640,936 |
$6,421,167 |
| 13 |
$11,703,990 |
$4,290,807
$672,979 |
$6,740,204 |
| 14 |
$12,289,406 |
$4,507,411
$706,641 |
$7,075,354 |
| 15 |
$12,903,833 |
$4,734,749
$741,970 |
$7,427,114 |
| 16 |
$13,549,003 |
$4,973,461
$779,068 |
$7,796,474 |
| 17 |
$14,226,215 |
$5,224,030
$818,007 |
$8,184,178 |
| 18 |
$14,937,634 |
$5,487,255
$858,914 |
$8,591,465 |
| 19 |
$15,684,559 |
$5,763,617
$901,862 |
$9,019,080 |
| 20 |
$16,468,722 |
$6,053,758
$946,952 |
$9,468,012 |
| 21 |
$17,292,288 |
$6,358,477
$994,307 |
$9,939,504 |
| 22 |
$18,156,989 |
$6,678,416
$1,044,027 |
$10,434,546 |
| 23 |
$19,064,557 |
$7,014,216
$1,096,212 |
$10,954,129 |
| 24 |
$20,018,023 |
$7,366,999
$1,151,036 |
$11,499,988 |
| 25 |
$21,018,686 |
$7,737,244
$1,208,574 |
$12,072,868 |
| 26 |
$22,070,010 |
$8,126,234
$1,269,026 |
$12,674,750 |
| 27 |
$23,173,294 |
$8,534,449
$1,332,464 |
$13,306,381 |
| 28 |
$24,332,002 |
$8,963,171
$1,399,090 |
$13,969,741 |
| 29 |
$25,548,732 |
$9,413,361
$1,469,052 |
$14,666,319 |
| 30 |
$26,826,082 |
$9,885,981
$1,542,500 |
$15,397,601 |
|
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