The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(5.75%) | $9,407,000 | | Net Lumpsum Payment | $93,700,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$318,479 |
$3,210,614 |
| 2 |
$5,815,872 |
$2,112,203
$334,413 |
$3,369,256 |
| 3 |
$6,106,592 |
$2,219,769
$351,129 |
$3,535,694 |
| 4 |
$6,412,032 |
$2,332,782
$368,692 |
$3,710,558 |
| 5 |
$6,732,560 |
$2,451,378
$387,122 |
$3,894,060 |
| 6 |
$7,069,280 |
$2,575,964
$406,484 |
$4,086,832 |
| 7 |
$7,422,560 |
$2,706,678
$426,797 |
$4,289,085 |
| 8 |
$7,793,872 |
$2,844,063
$448,148 |
$4,501,661 |
| 9 |
$8,183,584 |
$2,988,256
$470,556 |
$4,724,772 |
| 10 |
$8,592,800 |
$3,139,666
$494,086 |
$4,959,048 |
| 11 |
$9,022,256 |
$3,298,565
$518,780 |
$5,204,911 |
| 12 |
$9,473,424 |
$3,465,497
$544,722 |
$5,463,205 |
| 13 |
$9,947,040 |
$3,640,735
$571,955 |
$5,734,350 |
| 14 |
$10,444,576 |
$3,824,824
$600,563 |
$6,019,189 |
| 15 |
$10,966,768 |
$4,018,035
$630,589 |
$6,318,144 |
| 16 |
$11,515,088 |
$4,220,913
$662,118 |
$6,632,057 |
| 17 |
$12,090,640 |
$4,433,867
$695,212 |
$6,961,561 |
| 18 |
$12,695,264 |
$4,657,578
$729,978 |
$7,307,708 |
| 19 |
$13,330,064 |
$4,892,454
$766,479 |
$7,671,131 |
| 20 |
$13,996,512 |
$5,139,040
$804,799 |
$8,052,673 |
| 21 |
$14,696,448 |
$5,398,016
$845,046 |
$8,453,386 |
| 22 |
$15,431,344 |
$5,669,928
$887,302 |
$8,874,114 |
| 23 |
$16,202,672 |
$5,955,319
$931,654 |
$9,315,699 |
| 24 |
$17,013,008 |
$6,255,143
$978,248 |
$9,779,617 |
| 25 |
$17,863,456 |
$6,569,809
$1,027,149 |
$10,266,498 |
| 26 |
$18,756,960 |
$6,900,406
$1,078,525 |
$10,778,029 |
| 27 |
$19,694,624 |
$7,247,341
$1,132,441 |
$11,314,842 |
| 28 |
$20,679,392 |
$7,611,705
$1,189,065 |
$11,878,622 |
| 29 |
$21,713,472 |
$7,994,315
$1,248,525 |
$12,470,632 |
| 30 |
$22,799,072 |
$8,395,987
$1,310,947 |
$13,092,138 |
|
|
