Georgia Lottery

GALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Georgia MEGA Millions Jackpot/Cash Option for Tue Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(5.75%)	$4,709,250
Net Lumpsum Payment	$46,927,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$155,778	$1,590,675
2	$2,844,720	-$1,012,877 -$163,571	$1,668,272
3	$2,986,920	-$1,065,491 -$171,748	$1,749,681
4	$3,136,320	-$1,120,769 -$180,338	$1,835,213
5	$3,293,100	-$1,178,777 -$189,353	$1,924,970
6	$3,457,800	-$1,239,716 -$198,824	$2,019,260
7	$3,630,600	-$1,303,652 -$208,760	$2,118,188
8	$3,812,220	-$1,370,852 -$219,203	$2,222,165
9	$4,002,840	-$1,441,381 -$230,163	$2,331,296
10	$4,203,000	-$1,515,440 -$241,673	$2,445,887
11	$4,413,060	-$1,593,163 -$253,751	$2,566,146
12	$4,633,740	-$1,674,814 -$266,440	$2,692,486
13	$4,865,400	-$1,760,528 -$279,761	$2,825,111
14	$5,108,760	-$1,850,572 -$293,754	$2,964,434
15	$5,364,180	-$1,945,077 -$308,440	$3,110,663
16	$5,632,380	-$2,044,311 -$323,862	$3,264,207
17	$5,913,900	-$2,148,473 -$340,049	$3,425,378
18	$6,209,640	-$2,257,897 -$357,054	$3,594,689
19	$6,520,140	-$2,372,782 -$374,908	$3,772,450
20	$6,846,120	-$2,493,395 -$393,652	$3,959,073
21	$7,188,480	-$2,620,068 -$413,338	$4,155,074
22	$7,547,940	-$2,753,068 -$434,007	$4,360,865
23	$7,925,220	-$2,892,662 -$455,700	$4,576,858
24	$8,321,580	-$3,039,315 -$478,491	$4,803,774
25	$8,737,560	-$3,193,228 -$502,410	$5,041,922
26	$9,174,600	-$3,354,932 -$527,540	$5,292,128
27	$9,633,240	-$3,524,629 -$553,911	$5,554,700
28	$10,114,920	-$3,702,851 -$581,608	$5,830,461
29	$10,620,720	-$3,889,997 -$610,691	$6,120,032
30	$11,151,720	-$4,086,467 -$641,224	$6,424,029