The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(2.5%) | $3,410,000 | | Net Lumpsum Payment | $82,561,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$117,022 |
$2,871,590 |
| 2 |
$4,915,044 |
$1,778,897
$122,876 |
$3,013,271 |
| 3 |
$5,160,734 |
$1,869,802
$129,018 |
$3,161,914 |
| 4 |
$5,418,864 |
$1,965,310
$135,472 |
$3,318,082 |
| 5 |
$5,689,745 |
$2,065,536
$142,244 |
$3,481,965 |
| 6 |
$5,974,310 |
$2,170,825
$149,358 |
$3,654,127 |
| 7 |
$6,272,870 |
$2,281,292
$156,822 |
$3,834,756 |
| 8 |
$6,586,669 |
$2,397,398
$164,667 |
$4,024,604 |
| 9 |
$6,916,018 |
$2,519,257
$172,900 |
$4,223,861 |
| 10 |
$7,261,850 |
$2,647,215
$181,546 |
$4,433,089 |
| 11 |
$7,624,787 |
$2,781,502
$190,620 |
$4,652,665 |
| 12 |
$8,006,073 |
$2,922,577
$200,152 |
$4,883,344 |
| 13 |
$8,406,330 |
$3,070,672
$210,158 |
$5,125,500 |
| 14 |
$8,826,802 |
$3,226,247
$220,670 |
$5,379,885 |
| 15 |
$9,268,111 |
$3,389,531
$231,703 |
$5,646,877 |
| 16 |
$9,731,501 |
$3,560,986
$243,288 |
$5,927,227 |
| 17 |
$10,217,905 |
$3,740,955
$255,448 |
$6,221,502 |
| 18 |
$10,728,878 |
$3,930,015
$268,222 |
$6,530,641 |
| 19 |
$11,265,353 |
$4,128,511
$281,634 |
$6,855,208 |
| 20 |
$11,828,574 |
$4,336,903
$295,714 |
$7,195,957 |
| 21 |
$12,420,096 |
$4,555,766
$310,502 |
$7,553,828 |
| 22 |
$13,041,163 |
$4,785,561
$326,029 |
$7,929,573 |
| 23 |
$13,693,019 |
$5,026,747
$342,325 |
$8,323,947 |
| 24 |
$14,377,841 |
$5,280,132
$359,446 |
$8,738,263 |
| 25 |
$15,096,562 |
$5,546,058
$377,414 |
$9,173,090 |
| 26 |
$15,851,670 |
$5,825,448
$396,292 |
$9,629,930 |
| 27 |
$16,644,098 |
$6,118,647
$416,102 |
$10,109,349 |
| 28 |
$17,476,334 |
$6,426,574
$436,908 |
$10,612,852 |
| 29 |
$18,350,244 |
$6,749,921
$458,756 |
$11,141,567 |
| 30 |
$19,267,694 |
$7,089,377
$481,692 |
$11,696,625 |
|
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