The jackpot for the MEGA Millions draw on Tue Jul 8, 2025, is projected to be $70 Million, with an option for a cash payout of $31.3 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 Jul 8, 2025 |
|---|
| Draw Date | Tue Jul 8, 2025 | | Projected Jackpot | $70,000,000 | | Cash Value | $31,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,300,000 | | Federal Tax(24%) | $7,512,000 | | Additional Federal Tax | $4,029,330 | | State Tax(2.5%) | $782,500 | | Net Lumpsum Payment | $18,976,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,053,570 |
$350,151
$26,339 |
$677,080 |
| 2 |
$1,106,280 |
$369,654
$27,657 |
$708,969 |
| 3 |
$1,161,580 |
$390,115
$29,040 |
$742,425 |
| 4 |
$1,219,680 |
$411,612
$30,492 |
$777,576 |
| 5 |
$1,280,650 |
$434,171
$32,016 |
$814,463 |
| 6 |
$1,344,700 |
$457,869
$33,618 |
$853,213 |
| 7 |
$1,411,900 |
$482,733
$35,298 |
$893,869 |
| 8 |
$1,482,530 |
$508,866
$37,063 |
$936,601 |
| 9 |
$1,556,660 |
$536,295
$38,917 |
$981,448 |
| 10 |
$1,634,500 |
$565,095
$40,863 |
$1,028,542 |
| 11 |
$1,716,190 |
$595,321
$42,905 |
$1,077,964 |
| 12 |
$1,802,010 |
$627,074
$45,050 |
$1,129,886 |
| 13 |
$1,892,100 |
$660,407
$47,303 |
$1,184,390 |
| 14 |
$1,986,740 |
$695,424
$49,669 |
$1,241,647 |
| 15 |
$2,086,070 |
$732,176
$52,152 |
$1,301,742 |
| 16 |
$2,190,370 |
$770,767
$54,759 |
$1,364,844 |
| 17 |
$2,299,850 |
$811,275
$57,496 |
$1,431,079 |
| 18 |
$2,414,860 |
$853,829
$60,372 |
$1,500,659 |
| 19 |
$2,535,610 |
$898,506
$63,390 |
$1,573,714 |
| 20 |
$2,662,380 |
$945,411
$66,560 |
$1,650,409 |
| 21 |
$2,795,520 |
$994,673
$69,888 |
$1,730,959 |
| 22 |
$2,935,310 |
$1,046,395
$73,383 |
$1,815,532 |
| 23 |
$3,082,030 |
$1,100,681
$77,051 |
$1,904,298 |
| 24 |
$3,236,170 |
$1,157,713
$80,904 |
$1,997,553 |
| 25 |
$3,397,940 |
$1,217,568
$84,949 |
$2,095,423 |
| 26 |
$3,567,900 |
$1,280,453
$89,198 |
$2,198,249 |
| 27 |
$3,746,260 |
$1,346,447
$93,657 |
$2,306,156 |
| 28 |
$3,933,580 |
$1,415,755
$98,340 |
$2,419,485 |
| 29 |
$4,130,280 |
$1,488,534
$103,257 |
$2,538,489 |
| 30 |
$4,336,780 |
$1,564,939
$108,420 |
$2,663,421 |
|
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