Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 12, 2026 is estimated to be $413 Million, with a cash option of 182.6 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 Fri Jun 12, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 12, 2026	$413,000,000	$182,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$182,600,000
Federal Tax(24%)	$43,824,000
Additional Federal Tax	$23,698,330
State Tax(2.5%)	$4,565,000
Net Lumpsum Payment	$110,512,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,216,063	-$2,260,274 -$155,402	$3,800,387
2	$6,527,052	-$2,375,340 -$163,176	$3,988,536
3	$6,853,322	-$2,496,060 -$171,333	$4,185,929
4	$7,196,112	-$2,622,892 -$179,903	$4,393,317
5	$7,555,835	-$2,755,989 -$188,896	$4,610,950
6	$7,933,730	-$2,895,810 -$198,343	$4,839,577
7	$8,330,210	-$3,042,508 -$208,255	$5,079,447
8	$8,746,927	-$3,196,693 -$218,673	$5,331,561
9	$9,184,294	-$3,358,519 -$229,607	$5,596,168
10	$9,643,550	-$3,528,444 -$241,089	$5,874,017
11	$10,125,521	-$3,706,773 -$253,138	$6,165,610
12	$10,631,859	-$3,894,118 -$265,796	$6,471,945
13	$11,163,390	-$4,090,785 -$279,085	$6,793,520
14	$11,721,766	-$4,297,384 -$293,044	$7,131,338
15	$12,307,813	-$4,514,221 -$307,695	$7,485,897
16	$12,923,183	-$4,741,908 -$323,080	$7,858,195
17	$13,569,115	-$4,980,903 -$339,228	$8,248,984
18	$14,247,674	-$5,231,970 -$356,192	$8,659,512
19	$14,960,099	-$5,495,567 -$374,002	$9,090,530
20	$15,708,042	-$5,772,306 -$392,701	$9,543,035
21	$16,493,568	-$6,062,951 -$412,339	$10,018,278
22	$17,318,329	-$6,368,112 -$432,958	$10,517,259
23	$18,183,977	-$6,688,402 -$454,599	$11,040,976
24	$19,093,403	-$7,024,889 -$477,335	$11,591,179
25	$20,047,846	-$7,378,033 -$501,196	$12,168,617
26	$21,050,610	-$7,749,056 -$526,265	$12,775,289
27	$22,102,934	-$8,138,416 -$552,573	$13,411,945
28	$23,208,122	-$8,547,336 -$580,203	$14,080,583
29	$24,368,652	-$8,976,732 -$609,216	$14,782,704
30	$25,587,002	-$9,427,521 -$639,675	$15,519,806