The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Tue Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(5.75%) | $13,282,500 | | Net Lumpsum Payment | $132,287,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$442,236 |
$4,442,802 |
| 2 |
$8,075,844 |
$2,948,393
$464,361 |
$4,663,090 |
| 3 |
$8,479,534 |
$3,097,758
$487,573 |
$4,894,203 |
| 4 |
$8,903,664 |
$3,254,686
$511,961 |
$5,137,017 |
| 5 |
$9,348,745 |
$3,419,366
$537,553 |
$5,391,826 |
| 6 |
$9,816,310 |
$3,592,365
$564,438 |
$5,659,507 |
| 7 |
$10,306,870 |
$3,773,872
$592,645 |
$5,940,353 |
| 8 |
$10,822,469 |
$3,964,644
$622,292 |
$6,235,533 |
| 9 |
$11,363,618 |
$4,164,869
$653,408 |
$6,545,341 |
| 10 |
$11,931,850 |
$4,375,115
$686,081 |
$6,870,654 |
| 11 |
$12,528,187 |
$4,595,760
$720,371 |
$7,212,056 |
| 12 |
$13,154,673 |
$4,827,559
$756,394 |
$7,570,720 |
| 13 |
$13,812,330 |
$5,070,892
$794,209 |
$7,947,229 |
| 14 |
$14,503,202 |
$5,326,515
$833,934 |
$8,342,753 |
| 15 |
$15,228,311 |
$5,594,805
$875,628 |
$8,757,878 |
| 16 |
$15,989,701 |
$5,876,520
$919,408 |
$9,193,773 |
| 17 |
$16,788,905 |
$6,172,225
$965,362 |
$9,651,318 |
| 18 |
$17,628,478 |
$6,482,867
$1,013,637 |
$10,131,974 |
| 19 |
$18,509,953 |
$6,809,013
$1,064,322 |
$10,636,618 |
| 20 |
$19,435,374 |
$7,151,419
$1,117,534 |
$11,166,421 |
| 21 |
$20,407,296 |
$7,511,030
$1,173,420 |
$11,722,846 |
| 22 |
$21,427,763 |
$7,888,603
$1,232,096 |
$12,307,064 |
| 23 |
$22,498,819 |
$8,284,893
$1,293,682 |
$12,920,244 |
| 24 |
$23,624,041 |
$8,701,226
$1,358,382 |
$13,564,433 |
| 25 |
$24,804,962 |
$9,138,166
$1,426,285 |
$14,240,511 |
| 26 |
$26,045,670 |
$9,597,228
$1,497,626 |
$14,950,816 |
| 27 |
$27,347,698 |
$10,078,979
$1,572,493 |
$15,696,226 |
| 28 |
$28,715,134 |
$10,584,930
$1,651,120 |
$16,479,084 |
| 29 |
$30,151,044 |
$11,116,217
$1,733,685 |
$17,301,142 |
| 30 |
$31,658,494 |
$11,673,973
$1,820,363 |
$18,164,158 |
|
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