The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(2.5%) | $3,642,500 | | Net Lumpsum Payment | $88,188,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$122,666 |
$3,008,178 |
| 2 |
$5,152,104 |
$1,866,609
$128,803 |
$3,156,692 |
| 3 |
$5,409,644 |
$1,961,899
$135,241 |
$3,312,504 |
| 4 |
$5,680,224 |
$2,062,013
$142,006 |
$3,476,205 |
| 5 |
$5,964,170 |
$2,167,073
$149,104 |
$3,647,993 |
| 6 |
$6,262,460 |
$2,277,441
$156,562 |
$3,828,457 |
| 7 |
$6,575,420 |
$2,393,236
$164,386 |
$4,017,798 |
| 8 |
$6,904,354 |
$2,514,941
$172,609 |
$4,216,804 |
| 9 |
$7,249,588 |
$2,642,678
$181,240 |
$4,425,670 |
| 10 |
$7,612,100 |
$2,776,807
$190,303 |
$4,644,990 |
| 11 |
$7,992,542 |
$2,917,571
$199,814 |
$4,875,157 |
| 12 |
$8,392,218 |
$3,065,451
$209,805 |
$5,116,962 |
| 13 |
$8,811,780 |
$3,220,689
$220,295 |
$5,370,796 |
| 14 |
$9,252,532 |
$3,383,767
$231,313 |
$5,637,452 |
| 15 |
$9,715,126 |
$3,554,927
$242,878 |
$5,917,321 |
| 16 |
$10,200,866 |
$3,734,651
$255,022 |
$6,211,193 |
| 17 |
$10,710,730 |
$3,923,300
$267,768 |
$6,519,662 |
| 18 |
$11,246,348 |
$4,121,479
$281,159 |
$6,843,710 |
| 19 |
$11,808,698 |
$4,329,549
$295,217 |
$7,183,932 |
| 20 |
$12,399,084 |
$4,547,991
$309,977 |
$7,541,116 |
| 21 |
$13,019,136 |
$4,777,411
$325,478 |
$7,916,247 |
| 22 |
$13,670,158 |
$5,018,289
$341,754 |
$8,310,115 |
| 23 |
$14,353,454 |
$5,271,108
$358,836 |
$8,723,510 |
| 24 |
$15,071,306 |
$5,536,714
$376,783 |
$9,157,809 |
| 25 |
$15,824,692 |
$5,815,466
$395,617 |
$9,613,609 |
| 26 |
$16,616,220 |
$6,108,332
$415,406 |
$10,092,482 |
| 27 |
$17,446,868 |
$6,415,672
$436,172 |
$10,595,024 |
| 28 |
$18,319,244 |
$6,738,451
$457,981 |
$11,122,812 |
| 29 |
$19,235,304 |
$7,077,393
$480,883 |
$11,677,028 |
| 30 |
$20,197,004 |
$7,433,222
$504,925 |
$12,258,857 |
|
|
