The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(2.5%) | $1,722,500 | | Net Lumpsum Payment | $41,724,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$60,204 |
$1,496,606 |
| 2 |
$2,528,640 |
$895,927
$63,216 |
$1,569,497 |
| 3 |
$2,655,040 |
$942,695
$66,376 |
$1,645,969 |
| 4 |
$2,787,840 |
$991,831
$69,696 |
$1,726,313 |
| 5 |
$2,927,200 |
$1,043,394
$73,180 |
$1,810,626 |
| 6 |
$3,073,600 |
$1,097,562
$76,840 |
$1,899,198 |
| 7 |
$3,227,200 |
$1,154,394
$80,680 |
$1,992,126 |
| 8 |
$3,388,640 |
$1,214,127
$84,716 |
$2,089,797 |
| 9 |
$3,558,080 |
$1,276,820
$88,952 |
$2,192,308 |
| 10 |
$3,736,000 |
$1,342,650
$93,400 |
$2,299,950 |
| 11 |
$3,922,720 |
$1,411,737
$98,068 |
$2,412,915 |
| 12 |
$4,118,880 |
$1,484,316
$102,972 |
$2,531,592 |
| 13 |
$4,324,800 |
$1,560,506
$108,120 |
$2,656,174 |
| 14 |
$4,541,120 |
$1,640,545
$113,528 |
$2,787,047 |
| 15 |
$4,768,160 |
$1,724,550
$119,204 |
$2,924,406 |
| 16 |
$5,006,560 |
$1,812,758
$125,164 |
$3,068,638 |
| 17 |
$5,256,800 |
$1,905,346
$131,420 |
$3,220,034 |
| 18 |
$5,519,680 |
$2,002,612
$137,992 |
$3,379,076 |
| 19 |
$5,795,680 |
$2,104,732
$144,892 |
$3,546,056 |
| 20 |
$6,085,440 |
$2,211,943
$152,136 |
$3,721,361 |
| 21 |
$6,389,760 |
$2,324,542
$159,744 |
$3,905,474 |
| 22 |
$6,709,280 |
$2,442,764
$167,732 |
$4,098,784 |
| 23 |
$7,044,640 |
$2,566,847
$176,116 |
$4,301,677 |
| 24 |
$7,396,960 |
$2,697,206
$184,924 |
$4,514,830 |
| 25 |
$7,766,720 |
$2,834,017
$194,168 |
$4,738,535 |
| 26 |
$8,155,200 |
$2,977,754
$203,880 |
$4,973,566 |
| 27 |
$8,562,880 |
$3,128,596
$214,072 |
$5,220,212 |
| 28 |
$8,991,040 |
$3,287,015
$224,776 |
$5,479,249 |
| 29 |
$9,440,640 |
$3,453,367
$236,016 |
$5,751,257 |
| 30 |
$9,912,640 |
$3,628,007
$247,816 |
$6,036,817 |
|
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