Arizona Lottery

AZLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(2.5%)	$1,387,500
Net Lumpsum Payment	$33,617,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$48,916	$1,223,431
2	$2,054,520	-$720,503 -$51,363	$1,282,654
3	$2,157,220	-$758,502 -$53,931	$1,344,787
4	$2,265,120	-$798,425 -$56,628	$1,410,067
5	$2,378,350	-$840,320 -$59,459	$1,478,571
6	$2,497,300	-$884,331 -$62,433	$1,550,536
7	$2,622,100	-$930,507 -$65,553	$1,626,040
8	$2,753,270	-$979,040 -$68,832	$1,705,398
9	$2,890,940	-$1,029,978 -$72,274	$1,788,688
10	$3,035,500	-$1,083,465 -$75,888	$1,876,147
11	$3,187,210	-$1,139,598 -$79,680	$1,967,932
12	$3,346,590	-$1,198,569 -$83,665	$2,064,356
13	$3,513,900	-$1,260,473 -$87,848	$2,165,579
14	$3,689,660	-$1,325,505 -$92,242	$2,271,913
15	$3,874,130	-$1,393,758 -$96,853	$2,383,519
16	$4,067,830	-$1,465,427 -$101,696	$2,500,707
17	$4,271,150	-$1,540,656 -$106,779	$2,623,715
18	$4,484,740	-$1,619,684 -$112,119	$2,752,937
19	$4,708,990	-$1,702,657 -$117,725	$2,888,608
20	$4,944,420	-$1,789,766 -$123,611	$3,031,043
21	$5,191,680	-$1,881,252 -$129,792	$3,180,636
22	$5,451,290	-$1,977,308 -$136,282	$3,337,700
23	$5,723,770	-$2,078,125 -$143,094	$3,502,551
24	$6,010,030	-$2,184,041 -$150,251	$3,675,738
25	$6,310,460	-$2,295,201 -$157,762	$3,857,497
26	$6,626,100	-$2,411,987 -$165,653	$4,048,460
27	$6,957,340	-$2,534,546 -$173,934	$4,248,860
28	$7,305,220	-$2,663,262 -$182,631	$4,459,327
29	$7,670,520	-$2,798,423 -$191,763	$4,680,334
30	$8,054,020	-$2,940,318 -$201,351	$4,912,351