The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Fri Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(5.75%) | $12,264,750 | | Net Lumpsum Payment | $122,153,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$437,043 |
$4,391,102 |
| 2 |
$7,981,020 |
$2,913,308
$458,909 |
$4,608,803 |
| 3 |
$8,379,970 |
$3,060,919
$481,848 |
$4,837,203 |
| 4 |
$8,799,120 |
$3,216,005
$505,949 |
$5,077,166 |
| 5 |
$9,238,975 |
$3,378,751
$531,241 |
$5,328,983 |
| 6 |
$9,701,050 |
$3,549,719
$557,810 |
$5,593,521 |
| 7 |
$10,185,850 |
$3,729,095
$585,686 |
$5,871,069 |
| 8 |
$10,695,395 |
$3,917,627
$614,985 |
$6,162,783 |
| 9 |
$11,230,190 |
$4,115,501
$645,736 |
$6,468,953 |
| 10 |
$11,791,750 |
$4,323,278
$678,026 |
$6,790,446 |
| 11 |
$12,381,085 |
$4,541,332
$711,912 |
$7,127,841 |
| 12 |
$13,000,215 |
$4,770,410
$747,512 |
$7,482,293 |
| 13 |
$13,650,150 |
$5,010,886
$784,884 |
$7,854,380 |
| 14 |
$14,332,910 |
$5,263,507
$824,142 |
$8,245,261 |
| 15 |
$15,049,505 |
$5,528,647
$865,347 |
$8,655,511 |
| 16 |
$15,801,955 |
$5,807,054
$908,612 |
$9,086,289 |
| 17 |
$16,591,775 |
$6,099,287
$954,027 |
$9,538,461 |
| 18 |
$17,421,490 |
$6,406,282
$1,001,736 |
$10,013,472 |
| 19 |
$18,292,615 |
$6,728,598
$1,051,825 |
$10,512,192 |
| 20 |
$19,207,170 |
$7,066,983
$1,104,412 |
$11,035,775 |
| 21 |
$20,167,680 |
$7,422,372
$1,159,642 |
$11,585,666 |
| 22 |
$21,176,165 |
$7,795,511
$1,217,629 |
$12,163,025 |
| 23 |
$22,234,645 |
$8,187,149
$1,278,492 |
$12,769,004 |
| 24 |
$23,346,655 |
$8,598,593
$1,342,433 |
$13,405,629 |
| 25 |
$24,513,710 |
$9,030,403
$1,409,538 |
$14,073,769 |
| 26 |
$25,739,850 |
$9,484,075
$1,480,041 |
$14,775,734 |
| 27 |
$27,026,590 |
$9,960,169
$1,554,029 |
$15,512,392 |
| 28 |
$28,377,970 |
$10,460,179
$1,631,733 |
$16,286,058 |
| 29 |
$29,797,020 |
$10,985,228
$1,713,329 |
$17,098,463 |
| 30 |
$31,286,770 |
$11,536,435
$1,798,989 |
$17,951,346 |
|
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