The jackpot for the MEGA Millions draw on Tue Oct 6, 2026, is projected to be $345 Million, with an option for a cash payout of $139.6 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 Oct 6, 2026 |
|---|
| Draw Date | Tue Oct 6, 2026 | | Projected Jackpot | $345,000,000 | | Cash Value | $139,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $139,600,000 | | Federal Tax(24%) | $33,504,000 | | Additional Federal Tax | $18,108,330 | | State Tax(2.5%) | $3,490,000 | | Net Lumpsum Payment | $84,497,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,192,595 |
$1,881,591
$129,815 |
$3,181,189 |
| 2 |
$5,452,380 |
$1,977,711
$136,310 |
$3,338,359 |
| 3 |
$5,724,930 |
$2,078,554
$143,123 |
$3,503,253 |
| 4 |
$6,011,280 |
$2,184,504
$150,282 |
$3,676,494 |
| 5 |
$6,311,775 |
$2,295,687
$157,794 |
$3,858,294 |
| 6 |
$6,627,450 |
$2,412,487
$165,686 |
$4,049,277 |
| 7 |
$6,958,650 |
$2,535,031
$173,966 |
$4,249,653 |
| 8 |
$7,306,755 |
$2,663,830
$182,669 |
$4,460,256 |
| 9 |
$7,672,110 |
$2,799,011
$191,803 |
$4,681,296 |
| 10 |
$8,055,750 |
$2,940,958
$201,394 |
$4,913,398 |
| 11 |
$8,458,365 |
$3,089,925
$211,459 |
$5,156,981 |
| 12 |
$8,881,335 |
$3,246,424
$222,033 |
$5,412,878 |
| 13 |
$9,325,350 |
$3,410,710
$233,134 |
$5,681,506 |
| 14 |
$9,791,790 |
$3,583,293
$244,795 |
$5,963,702 |
| 15 |
$10,281,345 |
$3,764,428
$257,034 |
$6,259,883 |
| 16 |
$10,795,395 |
$3,954,627
$269,885 |
$6,570,883 |
| 17 |
$11,334,975 |
$4,154,271
$283,374 |
$6,897,330 |
| 18 |
$11,901,810 |
$4,364,000
$297,545 |
$7,240,265 |
| 19 |
$12,496,935 |
$4,584,196
$312,423 |
$7,600,316 |
| 20 |
$13,121,730 |
$4,815,370
$328,043 |
$7,978,317 |
| 21 |
$13,777,920 |
$5,058,161
$344,448 |
$8,375,311 |
| 22 |
$14,466,885 |
$5,313,078
$361,672 |
$8,792,135 |
| 23 |
$15,190,005 |
$5,580,632
$379,750 |
$9,229,623 |
| 24 |
$15,949,695 |
$5,861,718
$398,742 |
$9,689,235 |
| 25 |
$16,746,990 |
$6,156,717
$418,675 |
$10,171,598 |
| 26 |
$17,584,650 |
$6,466,651
$439,616 |
$10,678,383 |
| 27 |
$18,463,710 |
$6,791,903
$461,593 |
$11,210,214 |
| 28 |
$19,386,930 |
$7,133,494
$484,673 |
$11,768,763 |
| 29 |
$20,356,380 |
$7,492,191
$508,910 |
$12,355,279 |
| 30 |
$21,374,130 |
$7,868,758
$534,353 |
$12,971,019 |
|
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