The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(2.5%) | $2,807,500 | | Net Lumpsum Payment | $67,981,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$94,445 |
$2,325,239 |
| 2 |
$3,966,804 |
$1,428,048
$99,170 |
$2,439,586 |
| 3 |
$4,165,094 |
$1,501,415
$104,127 |
$2,559,552 |
| 4 |
$4,373,424 |
$1,578,497
$109,336 |
$2,685,591 |
| 5 |
$4,592,045 |
$1,659,387
$114,801 |
$2,817,857 |
| 6 |
$4,821,710 |
$1,744,363
$120,543 |
$2,956,804 |
| 7 |
$5,062,670 |
$1,833,518
$126,567 |
$3,102,585 |
| 8 |
$5,315,929 |
$1,927,224
$132,898 |
$3,255,807 |
| 9 |
$5,581,738 |
$2,025,573
$139,543 |
$3,416,622 |
| 10 |
$5,860,850 |
$2,128,845
$146,521 |
$3,585,484 |
| 11 |
$6,153,767 |
$2,237,224
$153,844 |
$3,762,699 |
| 12 |
$6,461,493 |
$2,351,083
$161,537 |
$3,948,873 |
| 13 |
$6,784,530 |
$2,470,606
$169,613 |
$4,144,311 |
| 14 |
$7,123,882 |
$2,596,167
$178,097 |
$4,349,618 |
| 15 |
$7,480,051 |
$2,727,949
$187,001 |
$4,565,101 |
| 16 |
$7,854,041 |
$2,866,326
$196,351 |
$4,791,364 |
| 17 |
$8,246,605 |
$3,011,574
$206,165 |
$5,028,866 |
| 18 |
$8,658,998 |
$3,164,160
$216,475 |
$5,278,363 |
| 19 |
$9,091,973 |
$3,324,360
$227,299 |
$5,540,314 |
| 20 |
$9,546,534 |
$3,492,548
$238,663 |
$5,815,323 |
| 21 |
$10,023,936 |
$3,669,187
$250,598 |
$6,104,151 |
| 22 |
$10,525,183 |
$3,854,648
$263,130 |
$6,407,405 |
| 23 |
$11,051,279 |
$4,049,304
$276,282 |
$6,725,693 |
| 24 |
$11,603,981 |
$4,253,803
$290,100 |
$7,060,078 |
| 25 |
$12,184,042 |
$4,468,426
$304,601 |
$7,411,015 |
| 26 |
$12,793,470 |
$4,693,914
$319,837 |
$7,779,719 |
| 27 |
$13,433,018 |
$4,930,547
$335,825 |
$8,166,646 |
| 28 |
$14,104,694 |
$5,179,067
$352,617 |
$8,573,010 |
| 29 |
$14,810,004 |
$5,440,032
$370,250 |
$8,999,722 |
| 30 |
$15,550,454 |
$5,713,998
$388,761 |
$9,447,695 |
|
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