The jackpot for the MEGA Millions draw on Fri Feb 27, 2026, is projected to be $458 Million, with an option for a cash payout of $212.4 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 Feb 27, 2026 |
|---|
| Draw Date | Fri Feb 27, 2026 | | Projected Jackpot | $458,000,000 | | Cash Value | $212,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,400,000 | | Federal Tax(24%) | $50,976,000 | | Additional Federal Tax | $27,572,330 | | State Tax(5.75%) | $12,213,000 | | Net Lumpsum Payment | $121,638,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,893,358 |
$2,510,873
$396,368 |
$3,986,117 |
| 2 |
$7,238,232 |
$2,638,476
$416,198 |
$4,183,558 |
| 3 |
$7,600,052 |
$2,772,350
$437,003 |
$4,390,699 |
| 4 |
$7,980,192 |
$2,913,001
$458,861 |
$4,608,330 |
| 5 |
$8,379,110 |
$3,060,601
$481,799 |
$4,836,710 |
| 6 |
$8,798,180 |
$3,215,657
$505,895 |
$5,076,628 |
| 7 |
$9,237,860 |
$3,378,339
$531,177 |
$5,328,344 |
| 8 |
$9,699,982 |
$3,549,324
$557,749 |
$5,592,909 |
| 9 |
$10,185,004 |
$3,728,782
$585,638 |
$5,870,584 |
| 10 |
$10,694,300 |
$3,917,221
$614,922 |
$6,162,157 |
| 11 |
$11,228,786 |
$4,114,981
$645,655 |
$6,468,150 |
| 12 |
$11,790,294 |
$4,322,739
$677,942 |
$6,789,613 |
| 13 |
$12,379,740 |
$4,540,834
$711,835 |
$7,127,071 |
| 14 |
$12,998,956 |
$4,769,944
$747,440 |
$7,481,572 |
| 15 |
$13,648,858 |
$5,010,408
$784,809 |
$7,853,641 |
| 16 |
$14,331,278 |
$5,262,903
$824,048 |
$8,244,327 |
| 17 |
$15,047,590 |
$5,527,939
$865,236 |
$8,654,415 |
| 18 |
$15,800,084 |
$5,806,361
$908,505 |
$9,085,218 |
| 19 |
$16,590,134 |
$6,098,680
$953,933 |
$9,537,521 |
| 20 |
$17,419,572 |
$6,405,572
$1,001,625 |
$10,012,375 |
| 21 |
$18,290,688 |
$6,727,885
$1,051,715 |
$10,511,088 |
| 22 |
$19,205,314 |
$7,066,297
$1,104,306 |
$11,034,711 |
| 23 |
$20,165,282 |
$7,421,485
$1,159,504 |
$11,584,293 |
| 24 |
$21,173,798 |
$7,794,636
$1,217,493 |
$12,161,669 |
| 25 |
$22,232,236 |
$8,186,258
$1,278,354 |
$12,767,624 |
| 26 |
$23,344,260 |
$8,597,707
$1,342,295 |
$13,404,258 |
| 27 |
$24,511,244 |
$9,029,491
$1,409,397 |
$14,072,356 |
| 28 |
$25,736,852 |
$9,482,966
$1,479,869 |
$14,774,017 |
| 29 |
$27,023,832 |
$9,959,148
$1,553,870 |
$15,510,814 |
| 30 |
$28,374,932 |
$10,459,055
$1,631,559 |
$16,284,318 |
|
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