Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 5, 2026 is estimated to be $368 Million, with a cash option of 163.6 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 Fri Jun 5, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 5, 2026	$368,000,000	$163,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$163,600,000
Federal Tax(24%)	$39,264,000
Additional Federal Tax	$21,228,330
State Tax(2.5%)	$4,090,000
Net Lumpsum Payment	$99,017,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,538,768	-$2,009,675 -$138,469	$3,390,624
2	$5,815,872	-$2,112,203 -$145,397	$3,558,272
3	$6,106,592	-$2,219,769 -$152,665	$3,734,158
4	$6,412,032	-$2,332,782 -$160,301	$3,918,949
5	$6,732,560	-$2,451,378 -$168,314	$4,112,868
6	$7,069,280	-$2,575,964 -$176,732	$4,316,584
7	$7,422,560	-$2,706,678 -$185,564	$4,530,318
8	$7,793,872	-$2,844,063 -$194,847	$4,754,962
9	$8,183,584	-$2,988,256 -$204,590	$4,990,738
10	$8,592,800	-$3,139,666 -$214,820	$5,238,314
11	$9,022,256	-$3,298,565 -$225,556	$5,498,135
12	$9,473,424	-$3,465,497 -$236,836	$5,771,091
13	$9,947,040	-$3,640,735 -$248,676	$6,057,629
14	$10,444,576	-$3,824,824 -$261,114	$6,358,638
15	$10,966,768	-$4,018,035 -$274,169	$6,674,564
16	$11,515,088	-$4,220,913 -$287,877	$7,006,298
17	$12,090,640	-$4,433,867 -$302,266	$7,354,507
18	$12,695,264	-$4,657,578 -$317,382	$7,720,304
19	$13,330,064	-$4,892,454 -$333,252	$8,104,358
20	$13,996,512	-$5,139,040 -$349,913	$8,507,559
21	$14,696,448	-$5,398,016 -$367,411	$8,931,021
22	$15,431,344	-$5,669,928 -$385,784	$9,375,632
23	$16,202,672	-$5,955,319 -$405,067	$9,842,286
24	$17,013,008	-$6,255,143 -$425,325	$10,332,540
25	$17,863,456	-$6,569,809 -$446,586	$10,847,061
26	$18,756,960	-$6,900,406 -$468,924	$11,387,630
27	$19,694,624	-$7,247,341 -$492,366	$11,954,917
28	$20,679,392	-$7,611,705 -$516,985	$12,550,702
29	$21,713,472	-$7,994,315 -$542,837	$13,176,320
30	$22,799,072	-$8,395,987 -$569,977	$13,833,108