Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(2.5%)	$1,697,500
Net Lumpsum Payment	$41,119,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$56,441	$1,405,548
2	$2,370,600	-$837,452 -$59,265	$1,473,883
3	$2,489,100	-$881,297 -$62,228	$1,545,575
4	$2,613,600	-$927,362 -$65,340	$1,620,898
5	$2,744,250	-$975,703 -$68,606	$1,699,941
6	$2,881,500	-$1,026,485 -$72,038	$1,782,977
7	$3,025,500	-$1,079,765 -$75,638	$1,870,097
8	$3,176,850	-$1,135,765 -$79,421	$1,961,664
9	$3,335,700	-$1,194,539 -$83,393	$2,057,768
10	$3,502,500	-$1,256,255 -$87,563	$2,158,682
11	$3,677,550	-$1,321,024 -$91,939	$2,264,587
12	$3,861,450	-$1,389,067 -$96,536	$2,375,847
13	$4,054,500	-$1,460,495 -$101,363	$2,492,642
14	$4,257,300	-$1,535,531 -$106,433	$2,615,336
15	$4,470,150	-$1,614,286 -$111,754	$2,744,110
16	$4,693,650	-$1,696,981 -$117,341	$2,879,328
17	$4,928,250	-$1,783,783 -$123,206	$3,021,261
18	$5,174,700	-$1,874,969 -$129,368	$3,170,363
19	$5,433,450	-$1,970,707 -$135,836	$3,326,907
20	$5,705,100	-$2,071,217 -$142,628	$3,491,255
21	$5,990,400	-$2,176,778 -$149,760	$3,663,862
22	$6,289,950	-$2,287,612 -$157,249	$3,845,089
23	$6,604,350	-$2,403,940 -$165,109	$4,035,301
24	$6,934,650	-$2,526,151 -$173,366	$4,235,133
25	$7,281,300	-$2,654,411 -$182,033	$4,444,856
26	$7,645,500	-$2,789,165 -$191,138	$4,665,197
27	$8,027,700	-$2,930,579 -$200,693	$4,896,428
28	$8,429,100	-$3,079,097 -$210,728	$5,139,275
29	$8,850,600	-$3,235,052 -$221,265	$5,394,283
30	$9,293,100	-$3,398,777 -$232,328	$5,661,995