The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(5.75%) | $7,394,500 | | Net Lumpsum Payment | $73,663,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$256,168 |
$2,590,212 |
| 2 |
$4,677,984 |
$1,691,184
$268,984 |
$2,717,816 |
| 3 |
$4,911,824 |
$1,777,705
$282,430 |
$2,851,689 |
| 4 |
$5,157,504 |
$1,868,607
$296,556 |
$2,992,341 |
| 5 |
$5,415,320 |
$1,963,999
$311,381 |
$3,139,940 |
| 6 |
$5,686,160 |
$2,064,210
$326,954 |
$3,294,996 |
| 7 |
$5,970,320 |
$2,169,349
$343,293 |
$3,457,678 |
| 8 |
$6,268,984 |
$2,279,854
$360,467 |
$3,628,663 |
| 9 |
$6,582,448 |
$2,395,836
$378,491 |
$3,808,121 |
| 10 |
$6,911,600 |
$2,517,622
$397,417 |
$3,996,561 |
| 11 |
$7,257,032 |
$2,645,432
$417,279 |
$4,194,321 |
| 12 |
$7,619,928 |
$2,779,704
$438,146 |
$4,402,078 |
| 13 |
$8,000,880 |
$2,920,656
$460,051 |
$4,620,173 |
| 14 |
$8,401,072 |
$3,068,727
$483,062 |
$4,849,283 |
| 15 |
$8,821,096 |
$3,224,136
$507,213 |
$5,089,747 |
| 16 |
$9,262,136 |
$3,387,321
$532,573 |
$5,342,242 |
| 17 |
$9,725,080 |
$3,558,610
$559,192 |
$5,607,278 |
| 18 |
$10,211,408 |
$3,738,551
$587,156 |
$5,885,701 |
| 19 |
$10,722,008 |
$3,927,473
$616,515 |
$6,178,020 |
| 20 |
$11,258,064 |
$4,125,814
$647,339 |
$6,484,911 |
| 21 |
$11,821,056 |
$4,334,121
$679,711 |
$6,807,224 |
| 22 |
$12,412,168 |
$4,552,833
$713,700 |
$7,145,635 |
| 23 |
$13,032,584 |
$4,782,386
$749,374 |
$7,500,824 |
| 24 |
$13,684,376 |
$5,023,550
$786,852 |
$7,873,974 |
| 25 |
$14,368,432 |
$5,276,650
$826,185 |
$8,265,597 |
| 26 |
$15,087,120 |
$5,542,565
$867,509 |
$8,677,046 |
| 27 |
$15,841,328 |
$5,821,622
$910,876 |
$9,108,830 |
| 28 |
$16,633,424 |
$6,114,697
$956,422 |
$9,562,305 |
| 29 |
$17,465,184 |
$6,422,448
$1,004,248 |
$10,038,488 |
| 30 |
$18,338,384 |
$6,745,532
$1,054,457 |
$10,538,395 |
|
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