The jackpot for the MEGA Millions draw on Fri Aug 14, 2026, is projected to be $90 Million, with an option for a cash payout of $38.7 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arizona residents, the state will deduct 2.5% from your lottery earnings.
| Arizona MEGA Millions Jackpot/Cash Option for Fri Aug 14, 2026 |
|---|
| Draw Date | Fri Aug 14, 2026 | | Projected Jackpot | $90,000,000 | | Cash Value | $38,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,700,000 | | Federal Tax(24%) | $9,288,000 | | Additional Federal Tax | $4,991,330 | | State Tax(2.5%) | $967,500 | | Net Lumpsum Payment | $23,453,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$33,865 |
$859,196 |
| 2 |
$1,422,360 |
$486,604
$35,559 |
$900,197 |
| 3 |
$1,493,460 |
$512,911
$37,337 |
$943,212 |
| 4 |
$1,568,160 |
$540,550
$39,204 |
$988,406 |
| 5 |
$1,646,550 |
$569,554
$41,164 |
$1,035,832 |
| 6 |
$1,728,900 |
$600,023
$43,223 |
$1,085,654 |
| 7 |
$1,815,300 |
$631,991
$45,383 |
$1,137,926 |
| 8 |
$1,906,110 |
$665,591
$47,653 |
$1,192,866 |
| 9 |
$2,001,420 |
$700,856
$50,036 |
$1,250,528 |
| 10 |
$2,101,500 |
$737,885
$52,538 |
$1,311,077 |
| 11 |
$2,206,530 |
$776,746
$55,163 |
$1,374,621 |
| 12 |
$2,316,870 |
$817,572
$57,922 |
$1,441,376 |
| 13 |
$2,432,700 |
$860,429
$60,818 |
$1,511,453 |
| 14 |
$2,554,380 |
$905,451
$63,860 |
$1,585,069 |
| 15 |
$2,682,090 |
$952,704
$67,052 |
$1,662,334 |
| 16 |
$2,816,190 |
$1,002,321
$70,405 |
$1,743,464 |
| 17 |
$2,956,950 |
$1,054,402
$73,924 |
$1,828,624 |
| 18 |
$3,104,820 |
$1,109,114
$77,621 |
$1,918,085 |
| 19 |
$3,260,070 |
$1,166,556
$81,502 |
$2,012,012 |
| 20 |
$3,423,060 |
$1,226,863
$85,577 |
$2,110,620 |
| 21 |
$3,594,240 |
$1,290,199
$89,856 |
$2,214,185 |
| 22 |
$3,773,970 |
$1,356,699
$94,349 |
$2,322,922 |
| 23 |
$3,962,610 |
$1,426,496
$99,065 |
$2,437,049 |
| 24 |
$4,160,790 |
$1,499,823
$104,020 |
$2,556,947 |
| 25 |
$4,368,780 |
$1,576,779
$109,220 |
$2,682,781 |
| 26 |
$4,587,300 |
$1,657,631
$114,683 |
$2,814,986 |
| 27 |
$4,816,620 |
$1,742,480
$120,416 |
$2,953,724 |
| 28 |
$5,057,460 |
$1,831,591
$126,437 |
$3,099,432 |
| 29 |
$5,310,360 |
$1,925,164
$132,759 |
$3,252,437 |
| 30 |
$5,575,860 |
$2,023,399
$139,397 |
$3,413,064 |
|
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