Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 31, 2025 is estimated to be $754 Million, with a cash option of 352.8 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 Fri Oct 31, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 31, 2025	$754,000,000	$352,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$352,800,000
Federal Tax(24%)	$84,672,000
Additional Federal Tax	$45,824,330
State Tax(2.5%)	$8,820,000
Net Lumpsum Payment	$213,483,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,348,454	-$4,159,258 -$283,711	$6,905,485
2	$11,916,216	-$4,369,330 -$297,905	$7,248,981
3	$12,511,876	-$4,589,725 -$312,797	$7,609,354
4	$13,137,696	-$4,821,278 -$328,442	$7,987,976
5	$13,794,430	-$5,064,269 -$344,861	$8,385,300
6	$14,484,340	-$5,319,536 -$362,109	$8,802,695
7	$15,208,180	-$5,587,357 -$380,205	$9,240,618
8	$15,968,966	-$5,868,848 -$399,224	$9,700,894
9	$16,767,452	-$6,164,288 -$419,186	$10,183,978
10	$17,605,900	-$6,474,513 -$440,148	$10,691,239
11	$18,485,818	-$6,800,083 -$462,145	$11,223,590
12	$19,410,222	-$7,142,113 -$485,256	$11,782,853
13	$20,380,620	-$7,501,160 -$509,516	$12,369,944
14	$21,400,028	-$7,878,341 -$535,001	$12,986,686
15	$22,469,954	-$8,274,213 -$561,749	$13,633,992
16	$23,593,414	-$8,689,894 -$589,835	$14,313,685
17	$24,772,670	-$9,126,218 -$619,317	$15,027,135
18	$26,011,492	-$9,584,582 -$650,287	$15,776,623
19	$27,312,142	-$10,065,823 -$682,804	$16,563,515
20	$28,677,636	-$10,571,056 -$716,941	$17,389,639
21	$30,111,744	-$11,101,676 -$752,794	$18,257,274
22	$31,617,482	-$11,658,799 -$790,437	$19,168,246
23	$33,197,866	-$12,243,541 -$829,947	$20,124,378
24	$34,858,174	-$12,857,855 -$871,454	$21,128,865
25	$36,600,668	-$13,502,578 -$915,017	$22,183,073
26	$38,431,380	-$14,179,941 -$960,785	$23,290,654
27	$40,352,572	-$14,890,782 -$1,008,814	$24,452,976
28	$42,370,276	-$15,637,333 -$1,059,257	$25,673,686
29	$44,489,016	-$16,421,266 -$1,112,225	$26,955,525
30	$46,713,316	-$17,244,257 -$1,167,833	$28,301,226