The jackpot for the MEGA Millions draw on Tue Jun 23, 2026, is projected to be $467 Million, with an option for a cash payout of $211 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 23, 2026 |
|---|
| Draw Date | Tue Jun 23, 2026 | | Projected Jackpot | $467,000,000 | | Cash Value | $211,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $211,000,000 | | Federal Tax(24%) | $50,640,000 | | Additional Federal Tax | $27,390,330 | | State Tax(2.5%) | $5,275,000 | | Net Lumpsum Payment | $127,694,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$175,720 |
$4,292,104 |
| 2 |
$7,380,468 |
$2,691,104
$184,512 |
$4,504,852 |
| 3 |
$7,749,398 |
$2,827,608
$193,735 |
$4,728,055 |
| 4 |
$8,137,008 |
$2,971,023
$203,425 |
$4,962,560 |
| 5 |
$8,543,765 |
$3,121,523
$213,594 |
$5,208,648 |
| 6 |
$8,971,070 |
$3,279,626
$224,277 |
$5,467,167 |
| 7 |
$9,419,390 |
$3,445,505
$235,485 |
$5,738,400 |
| 8 |
$9,890,593 |
$3,619,850
$247,265 |
$6,023,478 |
| 9 |
$10,385,146 |
$3,802,834
$259,629 |
$6,322,683 |
| 10 |
$10,904,450 |
$3,994,977
$272,611 |
$6,636,862 |
| 11 |
$11,449,439 |
$4,196,623
$286,236 |
$6,966,580 |
| 12 |
$12,021,981 |
$4,408,463
$300,550 |
$7,312,968 |
| 13 |
$12,623,010 |
$4,630,844
$315,575 |
$7,676,591 |
| 14 |
$13,254,394 |
$4,864,456
$331,360 |
$8,058,578 |
| 15 |
$13,917,067 |
$5,109,645
$347,927 |
$8,459,495 |
| 16 |
$14,612,897 |
$5,367,102
$365,322 |
$8,880,473 |
| 17 |
$15,343,285 |
$5,637,346
$383,582 |
$9,322,357 |
| 18 |
$16,110,566 |
$5,921,240
$402,764 |
$9,786,562 |
| 19 |
$16,916,141 |
$6,219,303
$422,904 |
$10,273,934 |
| 20 |
$17,761,878 |
$6,532,225
$444,047 |
$10,785,606 |
| 21 |
$18,650,112 |
$6,860,872
$466,253 |
$11,322,987 |
| 22 |
$19,582,711 |
$7,205,933
$489,568 |
$11,887,210 |
| 23 |
$20,561,543 |
$7,568,101
$514,039 |
$12,479,403 |
| 24 |
$21,589,877 |
$7,948,585
$539,747 |
$13,101,545 |
| 25 |
$22,669,114 |
$8,347,903
$566,728 |
$13,754,483 |
| 26 |
$23,802,990 |
$8,767,437
$595,075 |
$14,440,478 |
| 27 |
$24,992,906 |
$9,207,706
$624,823 |
$15,160,377 |
| 28 |
$26,242,598 |
$9,670,092
$656,065 |
$15,916,441 |
| 29 |
$27,554,868 |
$10,155,632
$688,872 |
$16,710,364 |
| 30 |
$28,932,518 |
$10,665,362
$723,313 |
$17,543,843 |
|
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