The jackpot for the MEGA Millions draw on Fri Oct 9, 2026, is projected to be $364 Million, with an option for a cash payout of $147.3 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 Oct 9, 2026 |
|---|
| Draw Date | Fri Oct 9, 2026 | | Projected Jackpot | $364,000,000 | | Cash Value | $147,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $147,300,000 | | Federal Tax(24%) | $35,352,000 | | Additional Federal Tax | $19,109,330 | | State Tax(5.75%) | $8,469,750 | | Net Lumpsum Payment | $84,368,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,478,564 |
$1,987,399
$315,017 |
$3,176,148 |
| 2 |
$5,752,656 |
$2,088,813
$330,778 |
$3,333,065 |
| 3 |
$6,040,216 |
$2,195,210
$347,312 |
$3,497,694 |
| 4 |
$6,342,336 |
$2,306,995
$364,684 |
$3,670,657 |
| 5 |
$6,659,380 |
$2,424,301
$382,914 |
$3,852,165 |
| 6 |
$6,992,440 |
$2,547,533
$402,065 |
$4,042,842 |
| 7 |
$7,341,880 |
$2,676,826
$422,158 |
$4,242,896 |
| 8 |
$7,709,156 |
$2,812,718
$443,276 |
$4,453,162 |
| 9 |
$8,094,632 |
$2,955,344
$465,441 |
$4,673,847 |
| 10 |
$8,499,400 |
$3,105,108
$488,716 |
$4,905,576 |
| 11 |
$8,924,188 |
$3,262,280
$513,141 |
$5,148,767 |
| 12 |
$9,370,452 |
$3,427,398
$538,801 |
$5,404,253 |
| 13 |
$9,838,920 |
$3,600,731
$565,738 |
$5,672,451 |
| 14 |
$10,331,048 |
$3,782,818
$594,035 |
$5,954,195 |
| 15 |
$10,847,564 |
$3,973,929
$623,735 |
$6,249,900 |
| 16 |
$11,389,924 |
$4,174,602
$654,921 |
$6,560,401 |
| 17 |
$11,959,220 |
$4,385,242
$687,655 |
$6,886,323 |
| 18 |
$12,557,272 |
$4,606,521
$722,043 |
$7,228,708 |
| 19 |
$13,185,172 |
$4,838,844
$758,147 |
$7,588,181 |
| 20 |
$13,844,376 |
$5,082,750
$796,052 |
$7,965,574 |
| 21 |
$14,536,704 |
$5,338,911
$835,860 |
$8,361,933 |
| 22 |
$15,263,612 |
$5,607,867
$877,658 |
$8,778,087 |
| 23 |
$16,026,556 |
$5,890,156
$921,527 |
$9,214,873 |
| 24 |
$16,828,084 |
$6,186,721
$967,615 |
$9,673,748 |
| 25 |
$17,669,288 |
$6,497,967
$1,015,984 |
$10,155,337 |
| 26 |
$18,553,080 |
$6,824,970
$1,066,802 |
$10,661,308 |
| 27 |
$19,480,552 |
$7,168,135
$1,120,132 |
$11,192,285 |
| 28 |
$20,454,616 |
$7,528,538
$1,176,140 |
$11,749,938 |
| 29 |
$21,477,456 |
$7,906,989
$1,234,954 |
$12,335,513 |
| 30 |
$22,551,256 |
$8,304,295
$1,296,697 |
$12,950,264 |
|
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