Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 12, 2026 is estimated to be $232 Million, with a cash option of 103.8 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 May 12, 2026

Draw Date	Jackpot	Cash Option
Tue May 12, 2026	$232,000,000	$103,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$103,800,000
Federal Tax(24%)	$24,912,000
Additional Federal Tax	$13,454,330
State Tax(2.5%)	$2,595,000
Net Lumpsum Payment	$62,838,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,491,832	-$1,252,308 -$87,296	$2,152,228
2	$3,666,528	-$1,316,946 -$91,663	$2,257,919
3	$3,849,808	-$1,384,759 -$96,245	$2,368,804
4	$4,042,368	-$1,456,007 -$101,059	$2,485,302
5	$4,244,440	-$1,530,773 -$106,111	$2,607,556
6	$4,456,720	-$1,609,317 -$111,418	$2,735,985
7	$4,679,440	-$1,691,723 -$116,986	$2,870,731
8	$4,913,528	-$1,778,336 -$122,838	$3,012,354
9	$5,159,216	-$1,869,240 -$128,980	$3,160,996
10	$5,417,200	-$1,964,694 -$135,430	$3,317,076
11	$5,687,944	-$2,064,870 -$142,199	$3,480,875
12	$5,972,376	-$2,170,110 -$149,309	$3,652,957
13	$6,270,960	-$2,280,586 -$156,774	$3,833,600
14	$6,584,624	-$2,396,641 -$164,616	$4,023,367
15	$6,913,832	-$2,518,448 -$172,846	$4,222,538
16	$7,259,512	-$2,646,350 -$181,488	$4,431,674
17	$7,622,360	-$2,780,604 -$190,559	$4,651,197
18	$8,003,536	-$2,921,639 -$200,088	$4,881,809
19	$8,403,736	-$3,069,713 -$210,093	$5,123,930
20	$8,823,888	-$3,225,169 -$220,597	$5,378,122
21	$9,265,152	-$3,388,437 -$231,629	$5,645,086
22	$9,728,456	-$3,559,859 -$243,211	$5,925,386
23	$10,214,728	-$3,739,780 -$255,368	$6,219,580
24	$10,725,592	-$3,928,799 -$268,140	$6,528,653
25	$11,261,744	-$4,127,176 -$281,544	$6,853,024
26	$11,825,040	-$4,335,595 -$295,626	$7,193,819
27	$12,416,176	-$4,554,316 -$310,404	$7,551,456
28	$13,037,008	-$4,784,023 -$325,925	$7,927,060
29	$13,688,928	-$5,025,234 -$342,223	$8,321,471
30	$14,373,328	-$5,278,462 -$359,333	$8,735,533