The jackpot for the MEGA Millions draw on Fri May 1, 2026, is projected to be $178 Million, with an option for a cash payout of $79.6 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 May 1, 2026 |
|---|
| Draw Date | Fri May 1, 2026 | | Projected Jackpot | $178,000,000 | | Cash Value | $79,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,600,000 | | Federal Tax(24%) | $19,104,000 | | Additional Federal Tax | $10,308,330 | | State Tax(5.75%) | $4,577,000 | | Net Lumpsum Payment | $45,610,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,679,078 |
$951,589
$154,047 |
$1,573,442 |
| 2 |
$2,813,112 |
$1,001,182
$161,754 |
$1,650,176 |
| 3 |
$2,953,732 |
$1,053,211
$169,840 |
$1,730,681 |
| 4 |
$3,101,472 |
$1,107,875
$178,335 |
$1,815,262 |
| 5 |
$3,256,510 |
$1,165,239
$187,249 |
$1,904,022 |
| 6 |
$3,419,380 |
$1,225,501
$196,614 |
$1,997,265 |
| 7 |
$3,590,260 |
$1,288,727
$206,440 |
$2,095,093 |
| 8 |
$3,769,862 |
$1,355,179
$216,767 |
$2,197,916 |
| 9 |
$3,958,364 |
$1,424,925
$227,606 |
$2,305,833 |
| 10 |
$4,156,300 |
$1,498,161
$238,987 |
$2,419,152 |
| 11 |
$4,364,026 |
$1,575,020
$250,931 |
$2,538,075 |
| 12 |
$4,582,254 |
$1,655,764
$263,480 |
$2,663,010 |
| 13 |
$4,811,340 |
$1,740,526
$276,652 |
$2,794,162 |
| 14 |
$5,051,996 |
$1,829,569
$290,490 |
$2,931,937 |
| 15 |
$5,304,578 |
$1,923,024
$305,013 |
$3,076,541 |
| 16 |
$5,569,798 |
$2,021,156
$320,263 |
$3,228,379 |
| 17 |
$5,848,190 |
$2,124,161
$336,271 |
$3,387,758 |
| 18 |
$6,140,644 |
$2,232,369
$353,087 |
$3,555,188 |
| 19 |
$6,447,694 |
$2,345,977
$370,742 |
$3,730,975 |
| 20 |
$6,770,052 |
$2,465,250
$389,278 |
$3,915,524 |
| 21 |
$7,108,608 |
$2,590,515
$408,745 |
$4,109,348 |
| 22 |
$7,464,074 |
$2,722,038
$429,184 |
$4,312,852 |
| 23 |
$7,837,162 |
$2,860,080
$450,637 |
$4,526,445 |
| 24 |
$8,229,118 |
$3,005,104
$473,174 |
$4,750,840 |
| 25 |
$8,640,476 |
$3,157,307
$496,827 |
$4,986,342 |
| 26 |
$9,072,660 |
$3,317,215
$521,678 |
$5,233,767 |
| 27 |
$9,526,204 |
$3,485,026
$547,757 |
$5,493,421 |
| 28 |
$10,002,532 |
$3,661,267
$575,146 |
$5,766,119 |
| 29 |
$10,502,712 |
$3,846,334
$603,906 |
$6,052,472 |
| 30 |
$11,027,812 |
$4,040,621
$634,099 |
$6,353,092 |
|
|
