The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(2.5%) | $2,250,000 | | Net Lumpsum Payment | $54,489,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$76,008 |
$1,879,052 |
| 2 |
$3,192,408 |
$1,141,521
$79,810 |
$1,971,077 |
| 3 |
$3,351,988 |
$1,200,566
$83,800 |
$2,067,622 |
| 4 |
$3,519,648 |
$1,262,600
$87,991 |
$2,169,057 |
| 5 |
$3,695,590 |
$1,327,699
$92,390 |
$2,275,501 |
| 6 |
$3,880,420 |
$1,396,086
$97,011 |
$2,387,323 |
| 7 |
$4,074,340 |
$1,467,836
$101,859 |
$2,504,645 |
| 8 |
$4,278,158 |
$1,543,249
$106,954 |
$2,627,955 |
| 9 |
$4,492,076 |
$1,622,399
$112,302 |
$2,757,375 |
| 10 |
$4,716,700 |
$1,705,509
$117,918 |
$2,893,273 |
| 11 |
$4,952,434 |
$1,792,731
$123,811 |
$3,035,892 |
| 12 |
$5,200,086 |
$1,884,362
$130,002 |
$3,185,722 |
| 13 |
$5,460,060 |
$1,980,553
$136,502 |
$3,343,005 |
| 14 |
$5,733,164 |
$2,081,601
$143,329 |
$3,508,234 |
| 15 |
$6,019,802 |
$2,187,657
$150,495 |
$3,681,650 |
| 16 |
$6,320,782 |
$2,299,020
$158,020 |
$3,863,742 |
| 17 |
$6,636,710 |
$2,415,913
$165,918 |
$4,054,879 |
| 18 |
$6,968,596 |
$2,538,711
$174,215 |
$4,255,670 |
| 19 |
$7,317,046 |
$2,667,637
$182,926 |
$4,466,483 |
| 20 |
$7,682,868 |
$2,802,992
$192,072 |
$4,687,804 |
| 21 |
$8,067,072 |
$2,945,147
$201,677 |
$4,920,248 |
| 22 |
$8,470,466 |
$3,094,403
$211,762 |
$5,164,301 |
| 23 |
$8,893,858 |
$3,251,058
$222,346 |
$5,420,454 |
| 24 |
$9,338,662 |
$3,415,635
$233,467 |
$5,689,560 |
| 25 |
$9,805,484 |
$3,588,359
$245,137 |
$5,971,988 |
| 26 |
$10,295,940 |
$3,769,828
$257,399 |
$6,268,713 |
| 27 |
$10,810,636 |
$3,960,266
$270,266 |
$6,580,104 |
| 28 |
$11,351,188 |
$4,160,270
$283,780 |
$6,907,138 |
| 29 |
$11,918,808 |
$4,370,289
$297,970 |
$7,250,549 |
| 30 |
$12,514,708 |
$4,590,772
$312,868 |
$7,611,068 |
|
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