Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(2.5%)	$2,987,500
Net Lumpsum Payment	$72,337,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$96,326	$2,370,769
2	$4,045,824	-$1,457,285 -$101,146	$2,487,393
3	$4,248,064	-$1,532,114 -$106,202	$2,609,748
4	$4,460,544	-$1,610,732 -$111,514	$2,738,298
5	$4,683,520	-$1,693,233 -$117,088	$2,873,199
6	$4,917,760	-$1,779,902 -$122,944	$3,014,914
7	$5,163,520	-$1,870,833 -$129,088	$3,163,599
8	$5,421,824	-$1,966,405 -$135,546	$3,319,873
9	$5,692,928	-$2,066,714 -$142,323	$3,483,891
10	$5,977,600	-$2,172,042 -$149,440	$3,656,118
11	$6,276,352	-$2,282,581 -$156,909	$3,836,862
12	$6,590,208	-$2,398,707 -$164,755	$4,026,746
13	$6,919,680	-$2,520,612 -$172,992	$4,226,076
14	$7,265,792	-$2,648,673 -$181,645	$4,435,474
15	$7,629,056	-$2,783,081 -$190,726	$4,655,249
16	$8,010,496	-$2,924,214 -$200,262	$4,886,020
17	$8,410,880	-$3,072,356 -$210,272	$5,128,252
18	$8,831,488	-$3,227,981 -$220,787	$5,382,720
19	$9,273,088	-$3,391,373 -$231,827	$5,649,888
20	$9,736,704	-$3,562,911 -$243,418	$5,930,375
21	$10,223,616	-$3,743,068 -$255,590	$6,224,958
22	$10,734,848	-$3,932,224 -$268,371	$6,534,253
23	$11,271,424	-$4,130,757 -$281,786	$6,858,881
24	$11,835,136	-$4,339,331 -$295,878	$7,199,927
25	$12,426,752	-$4,558,229 -$310,669	$7,557,854
26	$13,048,320	-$4,788,209 -$326,208	$7,933,903
27	$13,700,608	-$5,029,555 -$342,515	$8,328,538
28	$14,385,664	-$5,283,026 -$359,642	$8,742,996
29	$15,105,024	-$5,549,189 -$377,626	$9,178,209
30	$15,860,224	-$5,828,613 -$396,506	$9,635,105