Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 3, 2026 is estimated to be $323 Million, with a cash option of 145.7 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 3, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 3, 2026	$323,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(5.75%)	$8,377,750
Net Lumpsum Payment	$83,452,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,861,473	-$1,759,075 -$279,535	$2,822,863
2	$5,104,692	-$1,849,066 -$293,520	$2,962,106
3	$5,359,862	-$1,943,479 -$308,192	$3,108,191
4	$5,627,952	-$2,042,673 -$323,607	$3,261,672
5	$5,909,285	-$2,146,766 -$339,784	$3,422,735
6	$6,204,830	-$2,256,117 -$356,778	$3,591,935
7	$6,514,910	-$2,370,847 -$374,607	$3,769,456
8	$6,840,817	-$2,491,433 -$393,347	$3,956,037
9	$7,182,874	-$2,617,994 -$413,015	$4,151,865
10	$7,542,050	-$2,750,889 -$433,668	$4,357,493
11	$7,918,991	-$2,890,357 -$455,342	$4,573,292
12	$8,314,989	-$3,036,876 -$478,112	$4,800,001
13	$8,730,690	-$3,190,686 -$502,015	$5,037,989
14	$9,167,386	-$3,352,263 -$527,125	$5,287,998
15	$9,625,723	-$3,521,848 -$553,479	$5,550,396
16	$10,106,993	-$3,699,918 -$581,152	$5,825,923
17	$10,612,165	-$3,886,831 -$610,199	$6,115,135
18	$11,142,854	-$4,083,186 -$640,714	$6,418,954
19	$11,700,029	-$4,289,341 -$672,752	$6,737,936
20	$12,284,982	-$4,505,774 -$706,386	$7,072,822
21	$12,899,328	-$4,733,082 -$741,711	$7,424,535
22	$13,544,359	-$4,971,743 -$778,801	$7,793,815
23	$14,221,367	-$5,222,236 -$817,729	$8,181,402
24	$14,932,613	-$5,485,397 -$858,625	$8,588,591
25	$15,679,066	-$5,761,585 -$901,546	$9,015,935
26	$16,463,310	-$6,051,755 -$946,640	$9,464,915
27	$17,286,314	-$6,356,267 -$993,963	$9,936,084
28	$18,150,662	-$6,676,075 -$1,043,663	$10,430,924
29	$19,058,292	-$7,011,898 -$1,095,852	$10,950,542
30	$20,011,142	-$7,364,453 -$1,150,641	$11,496,048