Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(2.5%)	$3,152,500
Net Lumpsum Payment	$76,330,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$105,357	$2,589,309
2	$4,425,120	-$1,597,625 -$110,628	$2,716,867
3	$4,646,320	-$1,679,469 -$116,158	$2,850,693
4	$4,878,720	-$1,765,457 -$121,968	$2,991,295
5	$5,122,600	-$1,855,692 -$128,065	$3,138,843
6	$5,378,800	-$1,950,486 -$134,470	$3,293,844
7	$5,647,600	-$2,049,942 -$141,190	$3,456,468
8	$5,930,120	-$2,154,475 -$148,253	$3,627,392
9	$6,226,640	-$2,264,187 -$155,666	$3,806,787
10	$6,538,000	-$2,379,390 -$163,450	$3,995,160
11	$6,864,760	-$2,500,292 -$171,619	$4,192,849
12	$7,208,040	-$2,627,305 -$180,201	$4,400,534
13	$7,568,400	-$2,760,638 -$189,210	$4,618,552
14	$7,946,960	-$2,900,706 -$198,674	$4,847,580
15	$8,344,280	-$3,047,714 -$208,607	$5,087,959
16	$8,761,480	-$3,202,078 -$219,037	$5,340,365
17	$9,199,400	-$3,364,108 -$229,985	$5,605,307
18	$9,659,440	-$3,534,323 -$241,486	$5,883,631
19	$10,142,440	-$3,713,033 -$253,561	$6,175,846
20	$10,649,520	-$3,900,653 -$266,238	$6,482,629
21	$11,182,080	-$4,097,700 -$279,552	$6,804,828
22	$11,741,240	-$4,304,589 -$293,531	$7,143,120
23	$12,328,120	-$4,521,735 -$308,203	$7,498,182
24	$12,944,680	-$4,749,862 -$323,617	$7,871,201
25	$13,591,760	-$4,989,282 -$339,794	$8,262,684
26	$14,271,600	-$5,240,822 -$356,790	$8,673,988
27	$14,985,040	-$5,504,795 -$374,626	$9,105,619
28	$15,734,320	-$5,782,029 -$393,358	$9,558,933
29	$16,521,120	-$6,073,145 -$413,028	$10,034,947
30	$17,347,120	-$6,378,765 -$433,678	$10,534,677