Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Arizona, your state will take 2.5% 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.

Arizona MEGA Millions Jackpot/Cash Option for Tue Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(2.5%)	$4,662,500
Net Lumpsum Payment	$112,872,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$166,690	$4,073,563
2	$7,001,172	-$2,550,764 -$175,029	$4,275,379
3	$7,351,142	-$2,680,253 -$183,779	$4,487,110
4	$7,718,832	-$2,816,298 -$192,971	$4,709,563
5	$8,104,685	-$2,959,064 -$202,617	$4,943,004
6	$8,510,030	-$3,109,041 -$212,751	$5,188,238
7	$8,935,310	-$3,266,395 -$223,383	$5,445,532
8	$9,382,297	-$3,431,780 -$234,557	$5,715,960
9	$9,851,434	-$3,605,361 -$246,286	$5,999,787
10	$10,344,050	-$3,787,629 -$258,601	$6,297,820
11	$10,861,031	-$3,978,912 -$271,526	$6,610,593
12	$11,404,149	-$4,179,866 -$285,104	$6,939,179
13	$11,974,290	-$4,390,818 -$299,357	$7,284,115
14	$12,573,226	-$4,612,424 -$314,331	$7,646,471
15	$13,201,843	-$4,845,012 -$330,046	$8,026,785
16	$13,861,913	-$5,089,238 -$346,548	$8,426,127
17	$14,554,765	-$5,345,593 -$363,869	$8,845,303
18	$15,282,614	-$5,614,898 -$382,065	$9,285,651
19	$16,046,789	-$5,897,642 -$401,170	$9,747,977
20	$16,849,062	-$6,194,483 -$421,227	$10,233,352
21	$17,691,648	-$6,506,240 -$442,291	$10,743,117
22	$18,576,319	-$6,833,568 -$464,408	$11,278,343
23	$19,504,847	-$7,177,124 -$487,621	$11,840,102
24	$20,480,333	-$7,538,054 -$512,008	$12,430,271
25	$21,504,106	-$7,916,850 -$537,603	$13,049,653
26	$22,579,710	-$8,314,823 -$564,493	$13,700,394
27	$23,708,474	-$8,732,466 -$592,712	$14,383,296
28	$24,893,942	-$9,171,089 -$622,349	$15,100,504
29	$26,138,772	-$9,631,676 -$653,469	$15,853,627
30	$27,445,622	-$10,115,211 -$686,141	$16,644,270