The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(5.75%) | $8,377,750 | | Net Lumpsum Payment | $83,452,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$279,535 |
$2,822,863 |
| 2 |
$5,104,692 |
$1,849,066
$293,520 |
$2,962,106 |
| 3 |
$5,359,862 |
$1,943,479
$308,192 |
$3,108,191 |
| 4 |
$5,627,952 |
$2,042,673
$323,607 |
$3,261,672 |
| 5 |
$5,909,285 |
$2,146,766
$339,784 |
$3,422,735 |
| 6 |
$6,204,830 |
$2,256,117
$356,778 |
$3,591,935 |
| 7 |
$6,514,910 |
$2,370,847
$374,607 |
$3,769,456 |
| 8 |
$6,840,817 |
$2,491,433
$393,347 |
$3,956,037 |
| 9 |
$7,182,874 |
$2,617,994
$413,015 |
$4,151,865 |
| 10 |
$7,542,050 |
$2,750,889
$433,668 |
$4,357,493 |
| 11 |
$7,918,991 |
$2,890,357
$455,342 |
$4,573,292 |
| 12 |
$8,314,989 |
$3,036,876
$478,112 |
$4,800,001 |
| 13 |
$8,730,690 |
$3,190,686
$502,015 |
$5,037,989 |
| 14 |
$9,167,386 |
$3,352,263
$527,125 |
$5,287,998 |
| 15 |
$9,625,723 |
$3,521,848
$553,479 |
$5,550,396 |
| 16 |
$10,106,993 |
$3,699,918
$581,152 |
$5,825,923 |
| 17 |
$10,612,165 |
$3,886,831
$610,199 |
$6,115,135 |
| 18 |
$11,142,854 |
$4,083,186
$640,714 |
$6,418,954 |
| 19 |
$11,700,029 |
$4,289,341
$672,752 |
$6,737,936 |
| 20 |
$12,284,982 |
$4,505,774
$706,386 |
$7,072,822 |
| 21 |
$12,899,328 |
$4,733,082
$741,711 |
$7,424,535 |
| 22 |
$13,544,359 |
$4,971,743
$778,801 |
$7,793,815 |
| 23 |
$14,221,367 |
$5,222,236
$817,729 |
$8,181,402 |
| 24 |
$14,932,613 |
$5,485,397
$858,625 |
$8,588,591 |
| 25 |
$15,679,066 |
$5,761,585
$901,546 |
$9,015,935 |
| 26 |
$16,463,310 |
$6,051,755
$946,640 |
$9,464,915 |
| 27 |
$17,286,314 |
$6,356,267
$993,963 |
$9,936,084 |
| 28 |
$18,150,662 |
$6,676,075
$1,043,663 |
$10,430,924 |
| 29 |
$19,058,292 |
$7,011,898
$1,095,852 |
$10,950,542 |
| 30 |
$20,011,142 |
$7,364,453
$1,150,641 |
$11,496,048 |
|
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