The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(5.75%) | $4,140,000 | | Net Lumpsum Payment | $41,259,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$135,873 |
$1,392,491 |
| 2 |
$2,481,228 |
$878,385
$142,671 |
$1,460,172 |
| 3 |
$2,605,258 |
$924,276
$149,802 |
$1,531,180 |
| 4 |
$2,735,568 |
$972,491
$157,295 |
$1,605,782 |
| 5 |
$2,872,315 |
$1,023,087
$165,158 |
$1,684,070 |
| 6 |
$3,015,970 |
$1,076,239
$173,418 |
$1,766,313 |
| 7 |
$3,166,690 |
$1,132,006
$182,085 |
$1,852,599 |
| 8 |
$3,325,103 |
$1,190,618
$191,193 |
$1,943,292 |
| 9 |
$3,491,366 |
$1,252,136
$200,754 |
$2,038,476 |
| 10 |
$3,665,950 |
$1,316,732
$210,792 |
$2,138,426 |
| 11 |
$3,849,169 |
$1,384,523
$221,327 |
$2,243,319 |
| 12 |
$4,041,651 |
$1,455,741
$232,395 |
$2,353,515 |
| 13 |
$4,243,710 |
$1,530,503
$244,013 |
$2,469,194 |
| 14 |
$4,455,974 |
$1,609,041
$256,219 |
$2,590,714 |
| 15 |
$4,678,757 |
$1,691,470
$269,029 |
$2,718,258 |
| 16 |
$4,912,687 |
$1,778,025
$282,480 |
$2,852,182 |
| 17 |
$5,158,235 |
$1,868,877
$296,599 |
$2,992,759 |
| 18 |
$5,416,186 |
$1,964,319
$311,431 |
$3,140,436 |
| 19 |
$5,687,011 |
$2,064,524
$327,003 |
$3,295,484 |
| 20 |
$5,971,338 |
$2,169,725
$343,352 |
$3,458,261 |
| 21 |
$6,269,952 |
$2,280,213
$360,522 |
$3,629,217 |
| 22 |
$6,583,481 |
$2,396,218
$378,550 |
$3,808,713 |
| 23 |
$6,912,553 |
$2,517,975
$397,472 |
$3,997,106 |
| 24 |
$7,258,267 |
$2,645,889
$417,350 |
$4,195,028 |
| 25 |
$7,621,094 |
$2,780,135
$438,213 |
$4,402,746 |
| 26 |
$8,002,290 |
$2,921,178
$460,132 |
$4,620,980 |
| 27 |
$8,402,326 |
$3,069,191
$483,134 |
$4,850,001 |
| 28 |
$8,822,458 |
$3,224,640
$507,291 |
$5,090,527 |
| 29 |
$9,263,628 |
$3,387,873
$532,659 |
$5,343,096 |
| 30 |
$9,726,778 |
$3,559,238
$559,290 |
$5,608,250 |
|
|
