The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(5.75%) | $4,962,250 | | Net Lumpsum Payment | $49,446,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$168,759 |
$1,719,926 |
| 2 |
$3,081,780 |
$1,100,589
$177,202 |
$1,803,989 |
| 3 |
$3,235,830 |
$1,157,587
$186,060 |
$1,892,183 |
| 4 |
$3,397,680 |
$1,217,472
$195,367 |
$1,984,841 |
| 5 |
$3,567,525 |
$1,280,315
$205,133 |
$2,082,077 |
| 6 |
$3,745,950 |
$1,346,332
$215,392 |
$2,184,226 |
| 7 |
$3,933,150 |
$1,415,596
$226,156 |
$2,291,398 |
| 8 |
$4,129,905 |
$1,488,395
$237,470 |
$2,404,040 |
| 9 |
$4,336,410 |
$1,564,802
$249,344 |
$2,522,264 |
| 10 |
$4,553,250 |
$1,645,033
$261,812 |
$2,646,405 |
| 11 |
$4,780,815 |
$1,729,232
$274,897 |
$2,776,686 |
| 12 |
$5,019,885 |
$1,817,688
$288,643 |
$2,913,554 |
| 13 |
$5,270,850 |
$1,910,545
$303,074 |
$3,057,231 |
| 14 |
$5,534,490 |
$2,008,092
$318,233 |
$3,208,165 |
| 15 |
$5,811,195 |
$2,110,473
$334,144 |
$3,366,578 |
| 16 |
$6,101,745 |
$2,217,976
$350,850 |
$3,532,919 |
| 17 |
$6,406,725 |
$2,330,819
$368,387 |
$3,707,519 |
| 18 |
$6,727,110 |
$2,449,361
$386,809 |
$3,890,940 |
| 19 |
$7,063,485 |
$2,573,820
$406,150 |
$4,083,515 |
| 20 |
$7,416,630 |
$2,704,483
$426,456 |
$4,285,691 |
| 21 |
$7,787,520 |
$2,841,713
$447,782 |
$4,498,025 |
| 22 |
$8,176,935 |
$2,985,796
$470,174 |
$4,720,965 |
| 23 |
$8,585,655 |
$3,137,023
$493,675 |
$4,954,957 |
| 24 |
$9,015,045 |
$3,295,897
$518,365 |
$5,200,783 |
| 25 |
$9,465,690 |
$3,462,636
$544,277 |
$5,458,777 |
| 26 |
$9,939,150 |
$3,637,816
$571,501 |
$5,729,833 |
| 27 |
$10,436,010 |
$3,821,654
$600,071 |
$6,014,285 |
| 28 |
$10,957,830 |
$4,014,727
$630,075 |
$6,313,028 |
| 29 |
$11,505,780 |
$4,217,469
$661,582 |
$6,626,729 |
| 30 |
$12,081,030 |
$4,430,311
$694,659 |
$6,956,060 |
|
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