Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(2.5%)	$3,490,000
Net Lumpsum Payment	$84,497,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$129,815	$3,181,189
2	$5,452,380	-$1,977,711 -$136,310	$3,338,359
3	$5,724,930	-$2,078,554 -$143,123	$3,503,253
4	$6,011,280	-$2,184,504 -$150,282	$3,676,494
5	$6,311,775	-$2,295,687 -$157,794	$3,858,294
6	$6,627,450	-$2,412,487 -$165,686	$4,049,277
7	$6,958,650	-$2,535,031 -$173,966	$4,249,653
8	$7,306,755	-$2,663,830 -$182,669	$4,460,256
9	$7,672,110	-$2,799,011 -$191,803	$4,681,296
10	$8,055,750	-$2,940,958 -$201,394	$4,913,398
11	$8,458,365	-$3,089,925 -$211,459	$5,156,981
12	$8,881,335	-$3,246,424 -$222,033	$5,412,878
13	$9,325,350	-$3,410,710 -$233,134	$5,681,506
14	$9,791,790	-$3,583,293 -$244,795	$5,963,702
15	$10,281,345	-$3,764,428 -$257,034	$6,259,883
16	$10,795,395	-$3,954,627 -$269,885	$6,570,883
17	$11,334,975	-$4,154,271 -$283,374	$6,897,330
18	$11,901,810	-$4,364,000 -$297,545	$7,240,265
19	$12,496,935	-$4,584,196 -$312,423	$7,600,316
20	$13,121,730	-$4,815,370 -$328,043	$7,978,317
21	$13,777,920	-$5,058,161 -$344,448	$8,375,311
22	$14,466,885	-$5,313,078 -$361,672	$8,792,135
23	$15,190,005	-$5,580,632 -$379,750	$9,229,623
24	$15,949,695	-$5,861,718 -$398,742	$9,689,235
25	$16,746,990	-$6,156,717 -$418,675	$10,171,598
26	$17,584,650	-$6,466,651 -$439,616	$10,678,383
27	$18,463,710	-$6,791,903 -$461,593	$11,210,214
28	$19,386,930	-$7,133,494 -$484,673	$11,768,763
29	$20,356,380	-$7,492,191 -$508,910	$12,355,279
30	$21,374,130	-$7,868,758 -$534,353	$12,971,019