Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 13, 2025 is estimated to be $110 Million, with a cash option of 49.4 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 May 13, 2025

Draw Date	Jackpot	Cash Option
Tue May 13, 2025	$110,000,000	$49,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,400,000
Federal Tax(24%)	$11,856,000
Additional Federal Tax	$6,382,330
State Tax(2.5%)	$1,235,000
Net Lumpsum Payment	$29,926,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,655,610	-$572,906 -$41,390	$1,041,314
2	$1,738,440	-$603,553 -$43,461	$1,091,426
3	$1,825,340	-$635,706 -$45,634	$1,144,000
4	$1,916,640	-$669,487 -$47,916	$1,199,237
5	$2,012,450	-$704,937 -$50,311	$1,257,202
6	$2,113,100	-$742,177 -$52,828	$1,318,095
7	$2,218,700	-$781,249 -$55,468	$1,381,983
8	$2,329,690	-$822,316 -$58,242	$1,449,132
9	$2,446,180	-$865,417 -$61,155	$1,519,608
10	$2,568,500	-$910,675 -$64,213	$1,593,612
11	$2,696,870	-$958,172 -$67,422	$1,671,276
12	$2,831,730	-$1,008,070 -$70,793	$1,752,867
13	$2,973,300	-$1,060,451 -$74,333	$1,838,516
14	$3,122,020	-$1,115,478 -$78,051	$1,928,491
15	$3,278,110	-$1,173,231 -$81,953	$2,022,926
16	$3,442,010	-$1,233,874 -$86,050	$2,122,086
17	$3,614,050	-$1,297,529 -$90,351	$2,226,170
18	$3,794,780	-$1,364,399 -$94,870	$2,335,511
19	$3,984,530	-$1,434,606 -$99,613	$2,450,311
20	$4,183,740	-$1,508,314 -$104,594	$2,570,832
21	$4,392,960	-$1,585,726 -$109,824	$2,697,410
22	$4,612,630	-$1,667,003 -$115,316	$2,830,311
23	$4,843,190	-$1,752,311 -$121,080	$2,969,799
24	$5,085,410	-$1,841,932 -$127,135	$3,116,343
25	$5,339,620	-$1,935,990 -$133,491	$3,270,139
26	$5,606,700	-$2,034,809 -$140,168	$3,431,723
27	$5,886,980	-$2,138,513 -$147,175	$3,601,292
28	$6,181,340	-$2,247,426 -$154,534	$3,779,380
29	$6,490,440	-$2,361,793 -$162,261	$3,966,386
30	$6,814,940	-$2,481,858 -$170,374	$4,162,708