Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(2.5%)	$6,950,000
Net Lumpsum Payment	$168,229,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$239,687	$5,840,099
2	$10,067,148	-$3,685,175 -$251,679	$6,130,294
3	$10,570,378	-$3,871,370 -$264,259	$6,434,749
4	$11,099,088	-$4,066,993 -$277,477	$6,754,618
5	$11,653,915	-$4,272,279 -$291,348	$7,090,288
6	$12,236,770	-$4,487,935 -$305,919	$7,442,916
7	$12,848,290	-$4,714,198 -$321,207	$7,812,885
8	$13,491,023	-$4,952,009 -$337,276	$8,201,738
9	$14,165,606	-$5,201,605 -$354,140	$8,609,861
10	$14,873,950	-$5,463,692 -$371,849	$9,038,409
11	$15,617,329	-$5,738,742 -$390,433	$9,488,154
12	$16,398,291	-$6,027,698 -$409,957	$9,960,636
13	$17,218,110	-$6,331,031 -$430,453	$10,456,626
14	$18,079,334	-$6,649,684 -$451,983	$10,977,667
15	$18,983,237	-$6,984,128 -$474,581	$11,524,528
16	$19,932,367	-$7,335,306 -$498,309	$12,098,752
17	$20,928,635	-$7,703,925 -$523,216	$12,701,494
18	$21,975,226	-$8,091,164 -$549,381	$13,334,681
19	$23,074,051	-$8,497,729 -$576,851	$13,999,471
20	$24,227,658	-$8,924,564 -$605,691	$14,697,403
21	$25,439,232	-$9,372,846 -$635,981	$15,430,405
22	$26,711,321	-$9,843,519 -$667,783	$16,200,019
23	$28,046,473	-$10,337,525 -$701,162	$17,007,786
24	$29,449,147	-$10,856,515 -$736,229	$17,856,403
25	$30,921,254	-$11,401,194 -$773,031	$18,747,029
26	$32,467,890	-$11,973,450 -$811,697	$19,682,743
27	$34,090,966	-$12,573,988 -$852,274	$20,664,704
28	$35,795,578	-$13,204,694 -$894,889	$21,695,995
29	$37,585,548	-$13,866,983 -$939,639	$22,778,926
30	$39,464,698	-$14,562,269 -$986,617	$23,915,812