Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 25, 2025 is estimated to be $181 Million, with a cash option of 82.7 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 Feb 25, 2025

Draw Date	Jackpot	Cash Option
Tue Feb 25, 2025	$181,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(2.5%)	$2,067,500
Net Lumpsum Payment	$50,073,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,724,231	-$968,296 -$68,106	$1,687,829
2	$2,860,524	-$1,018,724 -$71,513	$1,770,287
3	$3,003,514	-$1,071,631 -$75,088	$1,856,795
4	$3,153,744	-$1,127,216 -$78,844	$1,947,684
5	$3,311,395	-$1,185,547 -$82,785	$2,043,063
6	$3,477,010	-$1,246,824 -$86,925	$2,143,261
7	$3,650,770	-$1,311,115 -$91,269	$2,248,386
8	$3,833,399	-$1,378,688 -$95,835	$2,358,876
9	$4,025,078	-$1,449,609 -$100,627	$2,474,842
10	$4,226,350	-$1,524,080 -$105,659	$2,596,611
11	$4,437,577	-$1,602,234 -$110,939	$2,724,404
12	$4,659,483	-$1,684,339 -$116,487	$2,858,657
13	$4,892,430	-$1,770,529 -$122,311	$2,999,590
14	$5,137,142	-$1,861,073 -$128,429	$3,147,640
15	$5,393,981	-$1,956,103 -$134,850	$3,303,028
16	$5,663,671	-$2,055,889 -$141,592	$3,466,190
17	$5,946,755	-$2,160,630 -$148,669	$3,637,456
18	$6,244,138	-$2,270,661 -$156,103	$3,817,374
19	$6,556,363	-$2,386,185 -$163,909	$4,006,269
20	$6,884,154	-$2,507,467 -$172,104	$4,204,583
21	$7,228,416	-$2,634,844 -$180,710	$4,412,862
22	$7,589,873	-$2,768,583 -$189,747	$4,631,543
23	$7,969,249	-$2,908,953 -$199,231	$4,861,065
24	$8,367,811	-$3,056,420 -$209,195	$5,102,196
25	$8,786,102	-$3,211,188 -$219,653	$5,355,261
26	$9,225,570	-$3,373,791 -$230,639	$5,621,140
27	$9,686,758	-$3,544,431 -$242,169	$5,900,158
28	$10,171,114	-$3,723,643 -$254,278	$6,193,193
29	$10,679,724	-$3,911,828 -$266,993	$6,500,903
30	$11,213,674	-$4,109,390 -$280,342	$6,823,942