Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(2.5%)	$795,000
Net Lumpsum Payment	$19,278,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$26,339	$677,080
2	$1,106,280	-$369,654 -$27,657	$708,969
3	$1,161,580	-$390,115 -$29,040	$742,425
4	$1,219,680	-$411,612 -$30,492	$777,576
5	$1,280,650	-$434,171 -$32,016	$814,463
6	$1,344,700	-$457,869 -$33,618	$853,213
7	$1,411,900	-$482,733 -$35,298	$893,869
8	$1,482,530	-$508,866 -$37,063	$936,601
9	$1,556,660	-$536,295 -$38,917	$981,448
10	$1,634,500	-$565,095 -$40,863	$1,028,542
11	$1,716,190	-$595,321 -$42,905	$1,077,964
12	$1,802,010	-$627,074 -$45,050	$1,129,886
13	$1,892,100	-$660,407 -$47,303	$1,184,390
14	$1,986,740	-$695,424 -$49,669	$1,241,647
15	$2,086,070	-$732,176 -$52,152	$1,301,742
16	$2,190,370	-$770,767 -$54,759	$1,364,844
17	$2,299,850	-$811,275 -$57,496	$1,431,079
18	$2,414,860	-$853,829 -$60,372	$1,500,659
19	$2,535,610	-$898,506 -$63,390	$1,573,714
20	$2,662,380	-$945,411 -$66,560	$1,650,409
21	$2,795,520	-$994,673 -$69,888	$1,730,959
22	$2,935,310	-$1,046,395 -$73,383	$1,815,532
23	$3,082,030	-$1,100,681 -$77,051	$1,904,298
24	$3,236,170	-$1,157,713 -$80,904	$1,997,553
25	$3,397,940	-$1,217,568 -$84,949	$2,095,423
26	$3,567,900	-$1,280,453 -$89,198	$2,198,249
27	$3,746,260	-$1,346,447 -$93,657	$2,306,156
28	$3,933,580	-$1,415,755 -$98,340	$2,419,485
29	$4,130,280	-$1,488,534 -$103,257	$2,538,489
30	$4,336,780	-$1,564,939 -$108,420	$2,663,421