Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 24, 2026 is estimated to be $438 Million, with a cash option of 203.1 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Georgia, your state will take 5.75% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Georgia MEGA Millions Jackpot/Cash Option for Tue Feb 24, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 24, 2026	$438,000,000	$203,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,100,000
Federal Tax(24%)	$48,744,000
Additional Federal Tax	$26,363,330
State Tax(5.75%)	$11,678,250
Net Lumpsum Payment	$116,314,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,592,338	-$2,399,495 -$379,059	$3,813,784
2	$6,922,152	-$2,521,527 -$398,024	$4,002,601
3	$7,268,172	-$2,649,554 -$417,920	$4,200,698
4	$7,631,712	-$2,784,064 -$438,823	$4,408,825
5	$8,013,210	-$2,925,218 -$460,760	$4,627,232
6	$8,413,980	-$3,073,503 -$483,804	$4,856,673
7	$8,834,460	-$3,229,081 -$507,981	$5,097,398
8	$9,276,402	-$3,392,599 -$533,393	$5,350,410
9	$9,740,244	-$3,564,221 -$560,064	$5,615,959
10	$10,227,300	-$3,744,431 -$588,070	$5,894,799
11	$10,738,446	-$3,933,555 -$617,461	$6,187,430
12	$11,275,434	-$4,132,241 -$648,337	$6,494,856
13	$11,839,140	-$4,340,812 -$680,751	$6,817,577
14	$12,431,316	-$4,559,917 -$714,801	$7,156,598
15	$13,052,838	-$4,789,880 -$750,538	$7,512,420
16	$13,705,458	-$5,031,350 -$788,064	$7,886,044
17	$14,390,490	-$5,284,812 -$827,453	$8,278,225
18	$15,110,124	-$5,551,076 -$868,832	$8,690,216
19	$15,865,674	-$5,830,630 -$912,276	$9,122,768
20	$16,658,892	-$6,124,120 -$957,886	$9,576,886
21	$17,491,968	-$6,432,359 -$1,005,788	$10,053,821
22	$18,366,654	-$6,755,992 -$1,056,083	$10,554,579
23	$19,284,702	-$7,095,670 -$1,108,870	$11,080,162
24	$20,249,178	-$7,452,526 -$1,164,328	$11,632,324
25	$21,261,396	-$7,827,047 -$1,222,530	$12,211,819
26	$22,324,860	-$8,220,529 -$1,283,679	$12,820,652
27	$23,440,884	-$8,633,457 -$1,347,851	$13,459,576
28	$24,612,972	-$9,067,130 -$1,415,246	$14,130,596
29	$25,843,752	-$9,522,519 -$1,486,016	$14,835,217
30	$27,135,852	-$10,000,596 -$1,560,311	$15,574,945