The jackpot for the MEGA Millions draw on Fri May 1, 2026, is projected to be $178 Million, with an option for a cash payout of $79.6 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 Fri May 1, 2026 |
|---|
| Draw Date | Fri May 1, 2026 | | Projected Jackpot | $178,000,000 | | Cash Value | $79,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,600,000 | | Federal Tax(24%) | $19,104,000 | | Additional Federal Tax | $10,308,330 | | State Tax(2.5%) | $1,990,000 | | Net Lumpsum Payment | $48,197,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,679,078 |
$951,589
$66,977 |
$1,660,512 |
| 2 |
$2,813,112 |
$1,001,182
$70,328 |
$1,741,602 |
| 3 |
$2,953,732 |
$1,053,211
$73,843 |
$1,826,678 |
| 4 |
$3,101,472 |
$1,107,875
$77,537 |
$1,916,060 |
| 5 |
$3,256,510 |
$1,165,239
$81,413 |
$2,009,858 |
| 6 |
$3,419,380 |
$1,225,501
$85,485 |
$2,108,394 |
| 7 |
$3,590,260 |
$1,288,727
$89,757 |
$2,211,776 |
| 8 |
$3,769,862 |
$1,355,179
$94,247 |
$2,320,436 |
| 9 |
$3,958,364 |
$1,424,925
$98,959 |
$2,434,480 |
| 10 |
$4,156,300 |
$1,498,161
$103,908 |
$2,554,231 |
| 11 |
$4,364,026 |
$1,575,020
$109,101 |
$2,679,905 |
| 12 |
$4,582,254 |
$1,655,764
$114,556 |
$2,811,934 |
| 13 |
$4,811,340 |
$1,740,526
$120,284 |
$2,950,530 |
| 14 |
$5,051,996 |
$1,829,569
$126,300 |
$3,096,127 |
| 15 |
$5,304,578 |
$1,923,024
$132,614 |
$3,248,940 |
| 16 |
$5,569,798 |
$2,021,156
$139,245 |
$3,409,397 |
| 17 |
$5,848,190 |
$2,124,161
$146,205 |
$3,577,824 |
| 18 |
$6,140,644 |
$2,232,369
$153,516 |
$3,754,759 |
| 19 |
$6,447,694 |
$2,345,977
$161,192 |
$3,940,525 |
| 20 |
$6,770,052 |
$2,465,250
$169,251 |
$4,135,551 |
| 21 |
$7,108,608 |
$2,590,515
$177,715 |
$4,340,378 |
| 22 |
$7,464,074 |
$2,722,038
$186,602 |
$4,555,434 |
| 23 |
$7,837,162 |
$2,860,080
$195,929 |
$4,781,153 |
| 24 |
$8,229,118 |
$3,005,104
$205,728 |
$5,018,286 |
| 25 |
$8,640,476 |
$3,157,307
$216,012 |
$5,267,157 |
| 26 |
$9,072,660 |
$3,317,215
$226,817 |
$5,528,628 |
| 27 |
$9,526,204 |
$3,485,026
$238,155 |
$5,803,023 |
| 28 |
$10,002,532 |
$3,661,267
$250,063 |
$6,091,202 |
| 29 |
$10,502,712 |
$3,846,334
$262,568 |
$6,393,810 |
| 30 |
$11,027,812 |
$4,040,621
$275,695 |
$6,711,496 |
|
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