Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Tue Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(2.5%)	$2,407,500
Net Lumpsum Payment	$58,301,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$85,414	$2,106,699
2	$3,587,508	-$1,287,708 -$89,688	$2,210,112
3	$3,766,838	-$1,354,060 -$94,171	$2,318,607
4	$3,955,248	-$1,423,772 -$98,881	$2,432,595
5	$4,152,965	-$1,496,927 -$103,824	$2,552,214
6	$4,360,670	-$1,573,778 -$109,017	$2,677,875
7	$4,578,590	-$1,654,409 -$114,465	$2,809,716
8	$4,807,633	-$1,739,155 -$120,191	$2,948,287
9	$5,048,026	-$1,828,100 -$126,201	$3,093,725
10	$5,300,450	-$1,921,497 -$132,511	$3,246,442
11	$5,565,359	-$2,019,513 -$139,134	$3,406,712
12	$5,843,661	-$2,122,485 -$146,092	$3,575,084
13	$6,135,810	-$2,230,580 -$153,395	$3,751,835
14	$6,442,714	-$2,344,135 -$161,068	$3,937,511
15	$6,764,827	-$2,463,316 -$169,121	$4,132,390
16	$7,103,057	-$2,588,461 -$177,576	$4,337,020
17	$7,458,085	-$2,719,822 -$186,452	$4,551,811
18	$7,831,046	-$2,857,817 -$195,776	$4,777,453
19	$8,222,621	-$3,002,700 -$205,566	$5,014,355
20	$8,633,718	-$3,154,806 -$215,843	$5,263,069
21	$9,065,472	-$3,314,555 -$226,637	$5,524,280
22	$9,518,791	-$3,482,283 -$237,970	$5,798,538
23	$9,994,583	-$3,658,326 -$249,865	$6,086,392
24	$10,494,437	-$3,843,272 -$262,361	$6,388,804
25	$11,019,034	-$4,037,373 -$275,476	$6,706,185
26	$11,570,190	-$4,241,301 -$289,255	$7,039,634
27	$12,148,586	-$4,455,307 -$303,715	$7,389,564
28	$12,756,038	-$4,680,064 -$318,901	$7,757,073
29	$13,393,908	-$4,916,076 -$334,848	$8,142,984
30	$14,063,558	-$5,163,847 -$351,589	$8,548,122