Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 24, 2025 is estimated to be $326 Million, with a cash option of 145.7 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 Jun 24, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 24, 2025	$326,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(2.5%)	$3,642,500
Net Lumpsum Payment	$88,188,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,906,626	-$1,775,782 -$122,666	$3,008,178
2	$5,152,104	-$1,866,609 -$128,803	$3,156,692
3	$5,409,644	-$1,961,899 -$135,241	$3,312,504
4	$5,680,224	-$2,062,013 -$142,006	$3,476,205
5	$5,964,170	-$2,167,073 -$149,104	$3,647,993
6	$6,262,460	-$2,277,441 -$156,562	$3,828,457
7	$6,575,420	-$2,393,236 -$164,386	$4,017,798
8	$6,904,354	-$2,514,941 -$172,609	$4,216,804
9	$7,249,588	-$2,642,678 -$181,240	$4,425,670
10	$7,612,100	-$2,776,807 -$190,303	$4,644,990
11	$7,992,542	-$2,917,571 -$199,814	$4,875,157
12	$8,392,218	-$3,065,451 -$209,805	$5,116,962
13	$8,811,780	-$3,220,689 -$220,295	$5,370,796
14	$9,252,532	-$3,383,767 -$231,313	$5,637,452
15	$9,715,126	-$3,554,927 -$242,878	$5,917,321
16	$10,200,866	-$3,734,651 -$255,022	$6,211,193
17	$10,710,730	-$3,923,300 -$267,768	$6,519,662
18	$11,246,348	-$4,121,479 -$281,159	$6,843,710
19	$11,808,698	-$4,329,549 -$295,217	$7,183,932
20	$12,399,084	-$4,547,991 -$309,977	$7,541,116
21	$13,019,136	-$4,777,411 -$325,478	$7,916,247
22	$13,670,158	-$5,018,289 -$341,754	$8,310,115
23	$14,353,454	-$5,271,108 -$358,836	$8,723,510
24	$15,071,306	-$5,536,714 -$376,783	$9,157,809
25	$15,824,692	-$5,815,466 -$395,617	$9,613,609
26	$16,616,220	-$6,108,332 -$415,406	$10,092,482
27	$17,446,868	-$6,415,672 -$436,172	$10,595,024
28	$18,319,244	-$6,738,451 -$457,981	$11,122,812
29	$19,235,304	-$7,077,393 -$480,883	$11,677,028
30	$20,197,004	-$7,433,222 -$504,925	$12,258,857