The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Tue Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(2.5%) | $5,775,000 | | Net Lumpsum Payment | $139,794,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$192,277 |
$4,692,761 |
| 2 |
$8,075,844 |
$2,948,393
$201,896 |
$4,925,555 |
| 3 |
$8,479,534 |
$3,097,758
$211,988 |
$5,169,788 |
| 4 |
$8,903,664 |
$3,254,686
$222,592 |
$5,426,386 |
| 5 |
$9,348,745 |
$3,419,366
$233,719 |
$5,695,660 |
| 6 |
$9,816,310 |
$3,592,365
$245,408 |
$5,978,537 |
| 7 |
$10,306,870 |
$3,773,872
$257,672 |
$6,275,326 |
| 8 |
$10,822,469 |
$3,964,644
$270,562 |
$6,587,263 |
| 9 |
$11,363,618 |
$4,164,869
$284,090 |
$6,914,659 |
| 10 |
$11,931,850 |
$4,375,115
$298,296 |
$7,258,439 |
| 11 |
$12,528,187 |
$4,595,760
$313,205 |
$7,619,222 |
| 12 |
$13,154,673 |
$4,827,559
$328,867 |
$7,998,247 |
| 13 |
$13,812,330 |
$5,070,892
$345,308 |
$8,396,130 |
| 14 |
$14,503,202 |
$5,326,515
$362,580 |
$8,814,107 |
| 15 |
$15,228,311 |
$5,594,805
$380,708 |
$9,252,798 |
| 16 |
$15,989,701 |
$5,876,520
$399,743 |
$9,713,438 |
| 17 |
$16,788,905 |
$6,172,225
$419,723 |
$10,196,957 |
| 18 |
$17,628,478 |
$6,482,867
$440,712 |
$10,704,899 |
| 19 |
$18,509,953 |
$6,809,013
$462,749 |
$11,238,191 |
| 20 |
$19,435,374 |
$7,151,419
$485,884 |
$11,798,071 |
| 21 |
$20,407,296 |
$7,511,030
$510,182 |
$12,386,084 |
| 22 |
$21,427,763 |
$7,888,603
$535,694 |
$13,003,466 |
| 23 |
$22,498,819 |
$8,284,893
$562,470 |
$13,651,456 |
| 24 |
$23,624,041 |
$8,701,226
$590,601 |
$14,332,214 |
| 25 |
$24,804,962 |
$9,138,166
$620,124 |
$15,046,672 |
| 26 |
$26,045,670 |
$9,597,228
$651,142 |
$15,797,300 |
| 27 |
$27,347,698 |
$10,078,979
$683,692 |
$16,585,027 |
| 28 |
$28,715,134 |
$10,584,930
$717,878 |
$17,412,326 |
| 29 |
$30,151,044 |
$11,116,217
$753,776 |
$18,281,051 |
| 30 |
$31,658,494 |
$11,673,973
$791,462 |
$19,193,059 |
|
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