Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 27, 2026 is estimated to be $285 Million, with a cash option of 128.6 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 Jan 27, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 27, 2026	$285,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(2.5%)	$3,215,000
Net Lumpsum Payment	$77,842,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,289,535	-$1,547,458 -$107,238	$2,634,839
2	$4,504,140	-$1,626,862 -$112,604	$2,764,674
3	$4,729,290	-$1,710,168 -$118,232	$2,900,890
4	$4,965,840	-$1,797,691 -$124,146	$3,044,003
5	$5,214,075	-$1,889,538 -$130,352	$3,194,185
6	$5,474,850	-$1,986,025 -$136,871	$3,351,954
7	$5,748,450	-$2,087,257 -$143,711	$3,517,482
8	$6,036,015	-$2,193,656 -$150,900	$3,691,459
9	$6,337,830	-$2,305,327 -$158,446	$3,874,057
10	$6,654,750	-$2,422,588 -$166,369	$4,065,793
11	$6,987,345	-$2,545,648 -$174,684	$4,267,013
12	$7,336,755	-$2,674,930 -$183,419	$4,478,406
13	$7,703,550	-$2,810,644 -$192,589	$4,700,317
14	$8,088,870	-$2,953,212 -$202,222	$4,933,436
15	$8,493,285	-$3,102,846 -$212,332	$5,178,107
16	$8,917,935	-$3,259,966 -$222,948	$5,435,021
17	$9,363,675	-$3,424,890 -$234,092	$5,704,693
18	$9,831,930	-$3,598,144 -$245,798	$5,987,988
19	$10,323,555	-$3,780,046 -$258,089	$6,285,420
20	$10,839,690	-$3,971,016 -$270,992	$6,597,682
21	$11,381,760	-$4,171,582 -$284,544	$6,925,634
22	$11,950,905	-$4,382,165 -$298,773	$7,269,967
23	$12,548,265	-$4,603,188 -$313,707	$7,631,370
24	$13,175,835	-$4,835,389 -$329,396	$8,011,050
25	$13,834,470	-$5,079,084 -$345,862	$8,409,524
26	$14,526,450	-$5,335,117 -$363,161	$8,828,172
27	$15,252,630	-$5,603,803 -$381,316	$9,267,511
28	$16,015,290	-$5,885,988 -$400,382	$9,728,920
29	$16,816,140	-$6,182,302 -$420,404	$10,213,434
30	$17,656,890	-$6,493,380 -$441,422	$10,722,088