Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 15, 2026 is estimated to be $251 Million, with a cash option of 112.3 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 May 15, 2026

Draw Date	Jackpot	Cash Option
Fri May 15, 2026	$251,000,000	$112,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$112,300,000
Federal Tax(24%)	$26,952,000
Additional Federal Tax	$14,559,330
State Tax(2.5%)	$2,807,500
Net Lumpsum Payment	$67,981,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$94,445	$2,325,239
2	$3,966,804	-$1,428,048 -$99,170	$2,439,586
3	$4,165,094	-$1,501,415 -$104,127	$2,559,552
4	$4,373,424	-$1,578,497 -$109,336	$2,685,591
5	$4,592,045	-$1,659,387 -$114,801	$2,817,857
6	$4,821,710	-$1,744,363 -$120,543	$2,956,804
7	$5,062,670	-$1,833,518 -$126,567	$3,102,585
8	$5,315,929	-$1,927,224 -$132,898	$3,255,807
9	$5,581,738	-$2,025,573 -$139,543	$3,416,622
10	$5,860,850	-$2,128,845 -$146,521	$3,585,484
11	$6,153,767	-$2,237,224 -$153,844	$3,762,699
12	$6,461,493	-$2,351,083 -$161,537	$3,948,873
13	$6,784,530	-$2,470,606 -$169,613	$4,144,311
14	$7,123,882	-$2,596,167 -$178,097	$4,349,618
15	$7,480,051	-$2,727,949 -$187,001	$4,565,101
16	$7,854,041	-$2,866,326 -$196,351	$4,791,364
17	$8,246,605	-$3,011,574 -$206,165	$5,028,866
18	$8,658,998	-$3,164,160 -$216,475	$5,278,363
19	$9,091,973	-$3,324,360 -$227,299	$5,540,314
20	$9,546,534	-$3,492,548 -$238,663	$5,815,323
21	$10,023,936	-$3,669,187 -$250,598	$6,104,151
22	$10,525,183	-$3,854,648 -$263,130	$6,407,405
23	$11,051,279	-$4,049,304 -$276,282	$6,725,693
24	$11,603,981	-$4,253,803 -$290,100	$7,060,078
25	$12,184,042	-$4,468,426 -$304,601	$7,411,015
26	$12,793,470	-$4,693,914 -$319,837	$7,779,719
27	$13,433,018	-$4,930,547 -$335,825	$8,166,646
28	$14,104,694	-$5,179,067 -$352,617	$8,573,010
29	$14,810,004	-$5,440,032 -$370,250	$8,999,722
30	$15,550,454	-$5,713,998 -$388,761	$9,447,695