The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(2.5%) | $8,085,000 | | Net Lumpsum Payment | $195,696,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$279,572 |
$6,805,320 |
| 2 |
$11,742,372 |
$4,305,008
$293,559 |
$7,143,805 |
| 3 |
$12,329,342 |
$4,522,187
$308,234 |
$7,498,921 |
| 4 |
$12,946,032 |
$4,750,362
$323,651 |
$7,872,019 |
| 5 |
$13,593,185 |
$4,989,809
$339,830 |
$8,263,546 |
| 6 |
$14,273,030 |
$5,241,351
$356,826 |
$8,674,853 |
| 7 |
$14,986,310 |
$5,505,265
$374,658 |
$9,106,387 |
| 8 |
$15,735,997 |
$5,782,649
$393,400 |
$9,559,948 |
| 9 |
$16,522,834 |
$6,073,779
$413,071 |
$10,035,984 |
| 10 |
$17,349,050 |
$6,379,479
$433,726 |
$10,535,845 |
| 11 |
$18,216,131 |
$6,700,299
$455,403 |
$11,060,429 |
| 12 |
$19,127,049 |
$7,037,339
$478,176 |
$11,611,534 |
| 13 |
$20,083,290 |
$7,391,148
$502,082 |
$12,190,060 |
| 14 |
$21,087,826 |
$7,762,826
$527,196 |
$12,797,804 |
| 15 |
$22,142,143 |
$8,152,923
$553,554 |
$13,435,666 |
| 16 |
$23,249,213 |
$8,562,539
$581,230 |
$14,105,444 |
| 17 |
$24,411,265 |
$8,992,498
$610,282 |
$14,808,485 |
| 18 |
$25,632,014 |
$9,444,176
$640,800 |
$15,547,038 |
| 19 |
$26,913,689 |
$9,918,395
$672,842 |
$16,322,452 |
| 20 |
$28,259,262 |
$10,416,257
$706,482 |
$17,136,523 |
| 21 |
$29,672,448 |
$10,939,136
$741,811 |
$17,991,501 |
| 22 |
$31,156,219 |
$11,488,131
$778,905 |
$18,889,183 |
| 23 |
$32,713,547 |
$12,064,343
$817,839 |
$19,831,365 |
| 24 |
$34,349,633 |
$12,669,695
$858,741 |
$20,821,197 |
| 25 |
$36,066,706 |
$13,305,012
$901,668 |
$21,860,026 |
| 26 |
$37,870,710 |
$13,972,493
$946,768 |
$22,951,449 |
| 27 |
$39,763,874 |
$14,672,964
$994,097 |
$24,096,813 |
| 28 |
$41,752,142 |
$15,408,623
$1,043,804 |
$25,299,715 |
| 29 |
$43,839,972 |
$16,181,120
$1,095,999 |
$26,562,853 |
| 30 |
$46,031,822 |
$16,992,105
$1,150,796 |
$27,888,921 |
|
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