Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 30, 2026 is estimated to be $511 Million, with a cash option of 231 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 Jun 30, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 30, 2026	$511,000,000	$231,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$231,000,000
Federal Tax(24%)	$55,440,000
Additional Federal Tax	$29,990,330
State Tax(2.5%)	$5,775,000
Net Lumpsum Payment	$139,794,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,691,061	-$2,806,023 -$192,277	$4,692,761
2	$8,075,844	-$2,948,393 -$201,896	$4,925,555
3	$8,479,534	-$3,097,758 -$211,988	$5,169,788
4	$8,903,664	-$3,254,686 -$222,592	$5,426,386
5	$9,348,745	-$3,419,366 -$233,719	$5,695,660
6	$9,816,310	-$3,592,365 -$245,408	$5,978,537
7	$10,306,870	-$3,773,872 -$257,672	$6,275,326
8	$10,822,469	-$3,964,644 -$270,562	$6,587,263
9	$11,363,618	-$4,164,869 -$284,090	$6,914,659
10	$11,931,850	-$4,375,115 -$298,296	$7,258,439
11	$12,528,187	-$4,595,760 -$313,205	$7,619,222
12	$13,154,673	-$4,827,559 -$328,867	$7,998,247
13	$13,812,330	-$5,070,892 -$345,308	$8,396,130
14	$14,503,202	-$5,326,515 -$362,580	$8,814,107
15	$15,228,311	-$5,594,805 -$380,708	$9,252,798
16	$15,989,701	-$5,876,520 -$399,743	$9,713,438
17	$16,788,905	-$6,172,225 -$419,723	$10,196,957
18	$17,628,478	-$6,482,867 -$440,712	$10,704,899
19	$18,509,953	-$6,809,013 -$462,749	$11,238,191
20	$19,435,374	-$7,151,419 -$485,884	$11,798,071
21	$20,407,296	-$7,511,030 -$510,182	$12,386,084
22	$21,427,763	-$7,888,603 -$535,694	$13,003,466
23	$22,498,819	-$8,284,893 -$562,470	$13,651,456
24	$23,624,041	-$8,701,226 -$590,601	$14,332,214
25	$24,804,962	-$9,138,166 -$620,124	$15,046,672
26	$26,045,670	-$9,597,228 -$651,142	$15,797,300
27	$27,347,698	-$10,078,979 -$683,692	$16,585,027
28	$28,715,134	-$10,584,930 -$717,878	$17,412,326
29	$30,151,044	-$11,116,217 -$753,776	$18,281,051
30	$31,658,494	-$11,673,973 -$791,462	$19,193,059