The jackpot for the MEGA Millions draw on Fri Jul 3, 2026, is projected to be $542 Million, with an option for a cash payout of $242 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 3, 2026 |
|---|
| Draw Date | Fri Jul 3, 2026 | | Projected Jackpot | $542,000,000 | | Cash Value | $242,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $242,000,000 | | Federal Tax(24%) | $58,080,000 | | Additional Federal Tax | $31,420,330 | | State Tax(2.5%) | $6,050,000 | | Net Lumpsum Payment | $146,449,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,157,642 |
$2,978,658
$203,941 |
$4,975,043 |
| 2 |
$8,565,768 |
$3,129,665
$214,144 |
$5,221,959 |
| 3 |
$8,993,948 |
$3,288,091
$224,849 |
$5,481,008 |
| 4 |
$9,443,808 |
$3,454,539
$236,095 |
$5,753,174 |
| 5 |
$9,915,890 |
$3,629,210
$247,897 |
$6,038,783 |
| 6 |
$10,411,820 |
$3,812,704
$260,296 |
$6,338,820 |
| 7 |
$10,932,140 |
$4,005,222
$273,304 |
$6,653,614 |
| 8 |
$11,479,018 |
$4,207,567
$286,975 |
$6,984,476 |
| 9 |
$12,052,996 |
$4,419,939
$301,325 |
$7,331,732 |
| 10 |
$12,655,700 |
$4,642,939
$316,393 |
$7,696,368 |
| 11 |
$13,288,214 |
$4,876,970
$332,205 |
$8,079,039 |
| 12 |
$13,952,706 |
$5,122,832
$348,818 |
$8,481,056 |
| 13 |
$14,650,260 |
$5,380,927
$366,257 |
$8,903,076 |
| 14 |
$15,383,044 |
$5,652,057
$384,576 |
$9,346,411 |
| 15 |
$16,152,142 |
$5,936,623
$403,804 |
$9,811,715 |
| 16 |
$16,959,722 |
$6,235,428
$423,993 |
$10,300,301 |
| 17 |
$17,807,410 |
$6,549,072
$445,185 |
$10,813,153 |
| 18 |
$18,697,916 |
$6,878,559
$467,448 |
$11,351,909 |
| 19 |
$19,632,866 |
$7,224,491
$490,822 |
$11,917,553 |
| 20 |
$20,614,428 |
$7,587,669
$515,361 |
$12,511,398 |
| 21 |
$21,645,312 |
$7,969,096
$541,133 |
$13,135,083 |
| 22 |
$22,727,686 |
$8,369,574
$568,192 |
$13,789,920 |
| 23 |
$23,863,718 |
$8,789,906
$596,593 |
$14,477,219 |
| 24 |
$25,057,202 |
$9,231,495
$626,430 |
$15,199,277 |
| 25 |
$26,309,764 |
$9,694,943
$657,744 |
$15,957,077 |
| 26 |
$27,625,740 |
$10,181,854
$690,644 |
$16,753,242 |
| 27 |
$29,006,756 |
$10,692,830
$725,169 |
$17,588,757 |
| 28 |
$30,457,148 |
$11,229,475
$761,429 |
$18,466,244 |
| 29 |
$31,980,168 |
$11,792,993
$799,504 |
$19,387,671 |
| 30 |
$33,579,068 |
$12,384,586
$839,477 |
$20,355,005 |
|
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