Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 Aug 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(2.5%)	$2,845,000
Net Lumpsum Payment	$68,888,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$95,198	$2,343,451
2	$3,998,412	-$1,439,743 -$99,960	$2,458,709
3	$4,198,282	-$1,513,695 -$104,957	$2,579,630
4	$4,408,272	-$1,591,391 -$110,207	$2,706,674
5	$4,628,635	-$1,672,925 -$115,716	$2,839,994
6	$4,860,130	-$1,758,578 -$121,503	$2,980,049
7	$5,103,010	-$1,848,444 -$127,575	$3,126,991
8	$5,358,287	-$1,942,897 -$133,957	$3,281,433
9	$5,626,214	-$2,042,030 -$140,655	$3,443,529
10	$5,907,550	-$2,146,124 -$147,689	$3,613,737
11	$6,202,801	-$2,255,367 -$155,070	$3,792,364
12	$6,512,979	-$2,370,133 -$162,824	$3,980,022
13	$6,838,590	-$2,490,609 -$170,965	$4,177,016
14	$7,180,646	-$2,617,169 -$179,516	$4,383,961
15	$7,539,653	-$2,750,002 -$188,491	$4,601,160
16	$7,916,623	-$2,889,481 -$197,916	$4,829,226
17	$8,312,315	-$3,035,887 -$207,808	$5,068,620
18	$8,727,994	-$3,189,688 -$218,200	$5,320,106
19	$9,164,419	-$3,351,165 -$229,110	$5,584,144
20	$9,622,602	-$3,520,693 -$240,565	$5,861,344
21	$10,103,808	-$3,698,739 -$252,595	$6,152,474
22	$10,609,049	-$3,885,679 -$265,226	$6,458,144
23	$11,139,337	-$4,081,885 -$278,483	$6,778,969
24	$11,696,443	-$4,288,014 -$292,411	$7,116,018
25	$12,281,126	-$4,504,347 -$307,028	$7,469,751
26	$12,895,410	-$4,731,632 -$322,385	$7,841,393
27	$13,540,054	-$4,970,150 -$338,501	$8,231,403
28	$14,217,082	-$5,220,651 -$355,427	$8,641,004
29	$14,928,012	-$5,483,695 -$373,200	$9,071,117
30	$15,674,362	-$5,759,844 -$391,859	$9,522,659