Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Arizona MEGA Millions Jackpot/Cash Option for Tue Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(2.5%)	$1,570,000
Net Lumpsum Payment	$38,033,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$52,679	$1,314,489
2	$2,212,560	-$778,978 -$55,314	$1,378,268
3	$2,323,160	-$819,900 -$58,079	$1,445,181
4	$2,439,360	-$862,894 -$60,984	$1,515,482
5	$2,561,300	-$908,011 -$64,033	$1,589,256
6	$2,689,400	-$955,408 -$67,235	$1,666,757
7	$2,823,800	-$1,005,136 -$70,595	$1,748,069
8	$2,965,060	-$1,057,403 -$74,127	$1,833,530
9	$3,113,320	-$1,112,259 -$77,833	$1,923,228
10	$3,269,000	-$1,169,860 -$81,725	$2,017,415
11	$3,432,380	-$1,230,311 -$85,810	$2,116,259
12	$3,604,020	-$1,293,818 -$90,101	$2,220,101
13	$3,784,200	-$1,360,484 -$94,605	$2,329,111
14	$3,973,480	-$1,430,518 -$99,337	$2,443,625
15	$4,172,140	-$1,504,022 -$104,304	$2,563,814
16	$4,380,740	-$1,581,204 -$109,519	$2,690,017
17	$4,599,700	-$1,662,219 -$114,993	$2,822,488
18	$4,829,720	-$1,747,327 -$120,743	$2,961,650
19	$5,071,220	-$1,836,682 -$126,781	$3,107,757
20	$5,324,760	-$1,930,492 -$133,119	$3,261,149
21	$5,591,040	-$2,029,015 -$139,776	$3,422,249
22	$5,870,620	-$2,132,460 -$146,766	$3,591,394
23	$6,164,060	-$2,241,033 -$154,102	$3,768,925
24	$6,472,340	-$2,355,096 -$161,809	$3,955,435
25	$6,795,880	-$2,474,806 -$169,897	$4,151,177
26	$7,135,800	-$2,600,576 -$178,395	$4,356,829
27	$7,492,520	-$2,732,563 -$187,313	$4,572,644
28	$7,867,160	-$2,871,180 -$196,679	$4,799,301
29	$8,260,560	-$3,016,738 -$206,514	$5,037,308
30	$8,673,560	-$3,169,548 -$216,839	$5,287,173