Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 22, 2025 is estimated to be $50 Million, with a cash option of 22.4 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 Apr 22, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 22, 2025	$50,000,000	$22,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,400,000
Federal Tax(24%)	$5,376,000
Additional Federal Tax	$2,872,330
State Tax(2.5%)	$560,000
Net Lumpsum Payment	$13,591,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$18,814	$494,962
2	$790,200	-$252,704 -$19,755	$517,741
3	$829,700	-$267,319 -$20,743	$541,638
4	$871,200	-$282,674 -$21,780	$566,746
5	$914,750	-$298,788 -$22,869	$593,093
6	$960,500	-$315,715 -$24,013	$620,772
7	$1,008,500	-$333,475 -$25,213	$649,812
8	$1,058,950	-$352,142 -$26,474	$680,334
9	$1,111,900	-$371,733 -$27,798	$712,369
10	$1,167,500	-$392,305 -$29,188	$746,007
11	$1,225,850	-$413,895 -$30,646	$781,309
12	$1,287,150	-$436,576 -$32,179	$818,395
13	$1,351,500	-$460,385 -$33,788	$857,327
14	$1,419,100	-$485,397 -$35,478	$898,225
15	$1,490,050	-$511,649 -$37,251	$941,150
16	$1,564,550	-$539,214 -$39,114	$986,222
17	$1,642,750	-$568,148 -$41,069	$1,033,533
18	$1,724,900	-$598,543 -$43,123	$1,083,234
19	$1,811,150	-$630,456 -$45,279	$1,135,415
20	$1,901,700	-$663,959 -$47,543	$1,190,198
21	$1,996,800	-$699,146 -$49,920	$1,247,734
22	$2,096,650	-$736,091 -$52,416	$1,308,143
23	$2,201,450	-$774,867 -$55,036	$1,371,547
24	$2,311,550	-$815,604 -$57,789	$1,438,157
25	$2,427,100	-$858,357 -$60,678	$1,508,065
26	$2,548,500	-$903,275 -$63,713	$1,581,512
27	$2,675,900	-$950,413 -$66,898	$1,658,589
28	$2,809,700	-$999,919 -$70,243	$1,739,538
29	$2,950,200	-$1,051,904 -$73,755	$1,824,541
30	$3,097,700	-$1,106,479 -$77,443	$1,913,778