The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(2.5%) | $5,077,500 | | Net Lumpsum Payment | $122,915,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$164,808 |
$4,028,035 |
| 2 |
$6,922,152 |
$2,521,527
$173,054 |
$4,227,571 |
| 3 |
$7,268,172 |
$2,649,554
$181,704 |
$4,436,914 |
| 4 |
$7,631,712 |
$2,784,064
$190,793 |
$4,656,855 |
| 5 |
$8,013,210 |
$2,925,218
$200,330 |
$4,887,662 |
| 6 |
$8,413,980 |
$3,073,503
$210,350 |
$5,130,127 |
| 7 |
$8,834,460 |
$3,229,081
$220,862 |
$5,384,517 |
| 8 |
$9,276,402 |
$3,392,599
$231,910 |
$5,651,893 |
| 9 |
$9,740,244 |
$3,564,221
$243,506 |
$5,932,517 |
| 10 |
$10,227,300 |
$3,744,431
$255,683 |
$6,227,186 |
| 11 |
$10,738,446 |
$3,933,555
$268,461 |
$6,536,430 |
| 12 |
$11,275,434 |
$4,132,241
$281,886 |
$6,861,307 |
| 13 |
$11,839,140 |
$4,340,812
$295,979 |
$7,202,349 |
| 14 |
$12,431,316 |
$4,559,917
$310,783 |
$7,560,616 |
| 15 |
$13,052,838 |
$4,789,880
$326,321 |
$7,936,637 |
| 16 |
$13,705,458 |
$5,031,350
$342,636 |
$8,331,472 |
| 17 |
$14,390,490 |
$5,284,812
$359,762 |
$8,745,916 |
| 18 |
$15,110,124 |
$5,551,076
$377,753 |
$9,181,295 |
| 19 |
$15,865,674 |
$5,830,630
$396,642 |
$9,638,402 |
| 20 |
$16,658,892 |
$6,124,120
$416,472 |
$10,118,300 |
| 21 |
$17,491,968 |
$6,432,359
$437,299 |
$10,622,310 |
| 22 |
$18,366,654 |
$6,755,992
$459,166 |
$11,151,496 |
| 23 |
$19,284,702 |
$7,095,670
$482,118 |
$11,706,914 |
| 24 |
$20,249,178 |
$7,452,526
$506,229 |
$12,290,423 |
| 25 |
$21,261,396 |
$7,827,047
$531,535 |
$12,902,814 |
| 26 |
$22,324,860 |
$8,220,529
$558,122 |
$13,546,209 |
| 27 |
$23,440,884 |
$8,633,457
$586,022 |
$14,221,405 |
| 28 |
$24,612,972 |
$9,067,130
$615,324 |
$14,930,518 |
| 29 |
$25,843,752 |
$9,522,519
$646,094 |
$15,675,139 |
| 30 |
$27,135,852 |
$10,000,596
$678,396 |
$16,456,860 |
|
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