The jackpot for the MEGA Millions draw on Tue May 12, 2026, is projected to be $232 Million, with an option for a cash payout of $103.8 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 May 12, 2026 |
|---|
| Draw Date | Tue May 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $103,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,800,000 | | Federal Tax(24%) | $24,912,000 | | Additional Federal Tax | $13,454,330 | | State Tax(2.5%) | $2,595,000 | | Net Lumpsum Payment | $62,838,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$87,296 |
$2,152,228 |
| 2 |
$3,666,528 |
$1,316,946
$91,663 |
$2,257,919 |
| 3 |
$3,849,808 |
$1,384,759
$96,245 |
$2,368,804 |
| 4 |
$4,042,368 |
$1,456,007
$101,059 |
$2,485,302 |
| 5 |
$4,244,440 |
$1,530,773
$106,111 |
$2,607,556 |
| 6 |
$4,456,720 |
$1,609,317
$111,418 |
$2,735,985 |
| 7 |
$4,679,440 |
$1,691,723
$116,986 |
$2,870,731 |
| 8 |
$4,913,528 |
$1,778,336
$122,838 |
$3,012,354 |
| 9 |
$5,159,216 |
$1,869,240
$128,980 |
$3,160,996 |
| 10 |
$5,417,200 |
$1,964,694
$135,430 |
$3,317,076 |
| 11 |
$5,687,944 |
$2,064,870
$142,199 |
$3,480,875 |
| 12 |
$5,972,376 |
$2,170,110
$149,309 |
$3,652,957 |
| 13 |
$6,270,960 |
$2,280,586
$156,774 |
$3,833,600 |
| 14 |
$6,584,624 |
$2,396,641
$164,616 |
$4,023,367 |
| 15 |
$6,913,832 |
$2,518,448
$172,846 |
$4,222,538 |
| 16 |
$7,259,512 |
$2,646,350
$181,488 |
$4,431,674 |
| 17 |
$7,622,360 |
$2,780,604
$190,559 |
$4,651,197 |
| 18 |
$8,003,536 |
$2,921,639
$200,088 |
$4,881,809 |
| 19 |
$8,403,736 |
$3,069,713
$210,093 |
$5,123,930 |
| 20 |
$8,823,888 |
$3,225,169
$220,597 |
$5,378,122 |
| 21 |
$9,265,152 |
$3,388,437
$231,629 |
$5,645,086 |
| 22 |
$9,728,456 |
$3,559,859
$243,211 |
$5,925,386 |
| 23 |
$10,214,728 |
$3,739,780
$255,368 |
$6,219,580 |
| 24 |
$10,725,592 |
$3,928,799
$268,140 |
$6,528,653 |
| 25 |
$11,261,744 |
$4,127,176
$281,544 |
$6,853,024 |
| 26 |
$11,825,040 |
$4,335,595
$295,626 |
$7,193,819 |
| 27 |
$12,416,176 |
$4,554,316
$310,404 |
$7,551,456 |
| 28 |
$13,037,008 |
$4,784,023
$325,925 |
$7,927,060 |
| 29 |
$13,688,928 |
$5,025,234
$342,223 |
$8,321,471 |
| 30 |
$14,373,328 |
$5,278,462
$359,333 |
$8,735,533 |
|
|
