Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 16, 2025 is estimated to be $400 Million, with a cash option of 185.8 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 Sep 16, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 16, 2025	$400,000,000	$185,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$185,800,000
Federal Tax(24%)	$44,592,000
Additional Federal Tax	$24,114,330
State Tax(2.5%)	$4,645,000
Net Lumpsum Payment	$112,448,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$150,510	$3,682,012
2	$6,321,600	-$2,299,322 -$158,040	$3,864,238
3	$6,637,600	-$2,416,242 -$165,940	$4,055,418
4	$6,969,600	-$2,539,082 -$174,240	$4,256,278
5	$7,318,000	-$2,667,990 -$182,950	$4,467,060
6	$7,684,000	-$2,803,410 -$192,100	$4,688,490
7	$8,068,000	-$2,945,490 -$201,700	$4,920,810
8	$8,471,600	-$3,094,822 -$211,790	$5,164,988
9	$8,895,200	-$3,251,554 -$222,380	$5,421,266
10	$9,340,000	-$3,416,130 -$233,500	$5,690,370
11	$9,806,800	-$3,588,846 -$245,170	$5,972,784
12	$10,297,200	-$3,770,294 -$257,430	$6,269,476
13	$10,812,000	-$3,960,770 -$270,300	$6,580,930
14	$11,352,800	-$4,160,866 -$283,820	$6,908,114
15	$11,920,400	-$4,370,878 -$298,010	$7,251,512
16	$12,516,400	-$4,591,398 -$312,910	$7,612,092
17	$13,142,000	-$4,822,870 -$328,550	$7,990,580
18	$13,799,200	-$5,066,034 -$344,980	$8,388,186
19	$14,489,200	-$5,321,334 -$362,230	$8,805,636
20	$15,213,600	-$5,589,362 -$380,340	$9,243,898
21	$15,974,400	-$5,870,858 -$399,360	$9,704,182
22	$16,773,200	-$6,166,414 -$419,330	$10,187,456
23	$17,611,600	-$6,476,622 -$440,290	$10,694,688
24	$18,492,400	-$6,802,518 -$462,310	$11,227,572
25	$19,416,800	-$7,144,546 -$485,420	$11,786,834
26	$20,388,000	-$7,503,890 -$509,700	$12,374,410
27	$21,407,200	-$7,880,994 -$535,180	$12,991,026
28	$22,477,600	-$8,277,042 -$561,940	$13,638,618
29	$23,601,600	-$8,692,922 -$590,040	$14,318,638
30	$24,781,600	-$9,129,522 -$619,540	$15,032,538