The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(5.75%) | $6,457,250 | | Net Lumpsum Payment | $64,331,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$217,224 |
$2,202,460 |
| 2 |
$3,966,804 |
$1,428,048
$228,091 |
$2,310,665 |
| 3 |
$4,165,094 |
$1,501,415
$239,493 |
$2,424,186 |
| 4 |
$4,373,424 |
$1,578,497
$251,472 |
$2,543,455 |
| 5 |
$4,592,045 |
$1,659,387
$264,043 |
$2,668,615 |
| 6 |
$4,821,710 |
$1,744,363
$277,248 |
$2,800,099 |
| 7 |
$5,062,670 |
$1,833,518
$291,104 |
$2,938,048 |
| 8 |
$5,315,929 |
$1,927,224
$305,666 |
$3,083,039 |
| 9 |
$5,581,738 |
$2,025,573
$320,950 |
$3,235,215 |
| 10 |
$5,860,850 |
$2,128,845
$336,999 |
$3,395,006 |
| 11 |
$6,153,767 |
$2,237,224
$353,842 |
$3,562,701 |
| 12 |
$6,461,493 |
$2,351,083
$371,536 |
$3,738,874 |
| 13 |
$6,784,530 |
$2,470,606
$390,110 |
$3,923,814 |
| 14 |
$7,123,882 |
$2,596,167
$409,623 |
$4,118,092 |
| 15 |
$7,480,051 |
$2,727,949
$430,103 |
$4,321,999 |
| 16 |
$7,854,041 |
$2,866,326
$451,607 |
$4,536,108 |
| 17 |
$8,246,605 |
$3,011,574
$474,180 |
$4,760,851 |
| 18 |
$8,658,998 |
$3,164,160
$497,892 |
$4,996,946 |
| 19 |
$9,091,973 |
$3,324,360
$522,788 |
$5,244,825 |
| 20 |
$9,546,534 |
$3,492,548
$548,926 |
$5,505,060 |
| 21 |
$10,023,936 |
$3,669,187
$576,376 |
$5,778,373 |
| 22 |
$10,525,183 |
$3,854,648
$605,198 |
$6,065,337 |
| 23 |
$11,051,279 |
$4,049,304
$635,449 |
$6,366,526 |
| 24 |
$11,603,981 |
$4,253,803
$667,229 |
$6,682,949 |
| 25 |
$12,184,042 |
$4,468,426
$700,582 |
$7,015,034 |
| 26 |
$12,793,470 |
$4,693,914
$735,625 |
$7,363,931 |
| 27 |
$13,433,018 |
$4,930,547
$772,399 |
$7,730,072 |
| 28 |
$14,104,694 |
$5,179,067
$811,020 |
$8,114,607 |
| 29 |
$14,810,004 |
$5,440,032
$851,575 |
$8,518,397 |
| 30 |
$15,550,454 |
$5,713,998
$894,151 |
$8,942,305 |
|
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