Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(2.5%)	$332,500
Net Lumpsum Payment	$8,086,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$10,912	$303,739
2	$458,316	-$129,907 -$11,458	$316,951
3	$481,226	-$138,384 -$12,031	$330,811
4	$505,296	-$147,290 -$12,632	$345,374
5	$530,555	-$156,636 -$13,264	$360,655
6	$557,090	-$166,454 -$13,927	$376,709
7	$584,930	-$176,754 -$14,623	$393,553
8	$614,191	-$187,581 -$15,355	$411,255
9	$644,902	-$198,944 -$16,123	$429,835
10	$677,150	-$210,876 -$16,929	$449,345
11	$710,993	-$223,398 -$17,775	$469,820
12	$746,547	-$236,553 -$18,664	$491,330
13	$783,870	-$250,362 -$19,597	$513,911
14	$823,078	-$264,869 -$20,577	$537,632
15	$864,229	-$280,095 -$21,606	$562,528
16	$907,439	-$296,083 -$22,686	$588,670
17	$952,795	-$312,865 -$23,820	$616,110
18	$1,000,442	-$330,494 -$25,011	$644,937
19	$1,050,467	-$349,003 -$26,262	$675,202
20	$1,102,986	-$368,435 -$27,575	$706,976
21	$1,158,144	-$388,844 -$28,954	$740,346
22	$1,216,057	-$410,271 -$30,401	$775,385
23	$1,276,841	-$432,762 -$31,921	$812,158
24	$1,340,699	-$456,389 -$33,517	$850,793
25	$1,407,718	-$481,186 -$35,193	$891,339
26	$1,478,130	-$507,238 -$36,953	$933,939
27	$1,552,022	-$534,579 -$38,801	$978,642
28	$1,629,626	-$563,292 -$40,741	$1,025,593
29	$1,711,116	-$593,443 -$42,778	$1,074,895
30	$1,796,666	-$625,097 -$44,917	$1,126,652