The jackpot for the MEGA Millions draw on Tue Jul 28, 2026, is projected to be $800 Million, with an option for a cash payout of $344.2 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 Jul 28, 2026 |
|---|
| Draw Date | Tue Jul 28, 2026 | | Projected Jackpot | $800,000,000 | | Cash Value | $344,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $344,200,000 | | Federal Tax(24%) | $82,608,000 | | Additional Federal Tax | $44,706,330 | | State Tax(2.5%) | $8,605,000 | | Net Lumpsum Payment | $208,280,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$301,020 |
$7,324,354 |
| 2 |
$12,643,200 |
$4,638,314
$316,080 |
$7,688,806 |
| 3 |
$13,275,200 |
$4,872,154
$331,880 |
$8,071,166 |
| 4 |
$13,939,200 |
$5,117,834
$348,480 |
$8,472,886 |
| 5 |
$14,636,000 |
$5,375,650
$365,900 |
$8,894,450 |
| 6 |
$15,368,000 |
$5,646,490
$384,200 |
$9,337,310 |
| 7 |
$16,136,000 |
$5,930,650
$403,400 |
$9,801,950 |
| 8 |
$16,943,200 |
$6,229,314
$423,580 |
$10,290,306 |
| 9 |
$17,790,400 |
$6,542,778
$444,760 |
$10,802,862 |
| 10 |
$18,680,000 |
$6,871,930
$467,000 |
$11,341,070 |
| 11 |
$19,613,600 |
$7,217,362
$490,340 |
$11,905,898 |
| 12 |
$20,594,400 |
$7,580,258
$514,860 |
$12,499,282 |
| 13 |
$21,624,000 |
$7,961,210
$540,600 |
$13,122,190 |
| 14 |
$22,705,600 |
$8,361,402
$567,640 |
$13,776,558 |
| 15 |
$23,840,800 |
$8,781,426
$596,020 |
$14,463,354 |
| 16 |
$25,032,800 |
$9,222,466
$625,820 |
$15,184,514 |
| 17 |
$26,284,000 |
$9,685,410
$657,100 |
$15,941,490 |
| 18 |
$27,598,400 |
$10,171,738
$689,960 |
$16,736,702 |
| 19 |
$28,978,400 |
$10,682,338
$724,460 |
$17,571,602 |
| 20 |
$30,427,200 |
$11,218,394
$760,680 |
$18,448,126 |
| 21 |
$31,948,800 |
$11,781,386
$798,720 |
$19,368,694 |
| 22 |
$33,546,400 |
$12,372,498
$838,660 |
$20,335,242 |
| 23 |
$35,223,200 |
$12,992,914
$880,580 |
$21,349,706 |
| 24 |
$36,984,800 |
$13,644,706
$924,620 |
$22,415,474 |
| 25 |
$38,833,600 |
$14,328,762
$970,840 |
$23,533,998 |
| 26 |
$40,776,000 |
$15,047,450
$1,019,400 |
$24,709,150 |
| 27 |
$42,814,400 |
$15,801,658
$1,070,360 |
$25,942,382 |
| 28 |
$44,955,200 |
$16,593,754
$1,123,880 |
$27,237,566 |
| 29 |
$47,203,200 |
$17,425,514
$1,180,080 |
$28,597,606 |
| 30 |
$49,563,200 |
$18,298,714
$1,239,080 |
$30,025,406 |
|
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