The jackpot for the MEGA Millions draw on Tue Jun 16, 2026, is projected to be $430 Million, with an option for a cash payout of $191.2 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 16, 2026 |
|---|
| Draw Date | Tue Jun 16, 2026 | | Projected Jackpot | $430,000,000 | | Cash Value | $191,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $191,200,000 | | Federal Tax(24%) | $45,888,000 | | Additional Federal Tax | $24,816,330 | | State Tax(2.5%) | $4,780,000 | | Net Lumpsum Payment | $115,715,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,471,930 |
$2,354,944
$161,798 |
$3,955,188 |
| 2 |
$6,795,720 |
$2,474,747
$169,893 |
$4,151,080 |
| 3 |
$7,135,420 |
$2,600,436
$178,386 |
$4,356,598 |
| 4 |
$7,492,320 |
$2,732,489
$187,308 |
$4,572,523 |
| 5 |
$7,866,850 |
$2,871,065
$196,671 |
$4,799,114 |
| 6 |
$8,260,300 |
$3,016,641
$206,508 |
$5,037,151 |
| 7 |
$8,673,100 |
$3,169,377
$216,828 |
$5,286,895 |
| 8 |
$9,106,970 |
$3,329,909
$227,674 |
$5,549,387 |
| 9 |
$9,562,340 |
$3,498,396
$239,059 |
$5,824,885 |
| 10 |
$10,040,500 |
$3,675,315
$251,013 |
$6,114,172 |
| 11 |
$10,542,310 |
$3,860,985
$263,558 |
$6,417,767 |
| 12 |
$11,069,490 |
$4,056,042
$276,737 |
$6,736,711 |
| 13 |
$11,622,900 |
$4,260,803
$290,573 |
$7,071,524 |
| 14 |
$12,204,260 |
$4,475,907
$305,107 |
$7,423,246 |
| 15 |
$12,814,430 |
$4,701,669
$320,361 |
$7,792,400 |
| 16 |
$13,455,130 |
$4,938,728
$336,378 |
$8,180,024 |
| 17 |
$14,127,650 |
$5,187,561
$353,191 |
$8,586,898 |
| 18 |
$14,834,140 |
$5,448,962
$370,854 |
$9,014,324 |
| 19 |
$15,575,890 |
$5,723,410
$389,397 |
$9,463,083 |
| 20 |
$16,354,620 |
$6,011,540
$408,866 |
$9,934,214 |
| 21 |
$17,172,480 |
$6,314,148
$429,312 |
$10,429,020 |
| 22 |
$18,031,190 |
$6,631,871
$450,780 |
$10,948,539 |
| 23 |
$18,932,470 |
$6,965,344
$473,312 |
$11,493,814 |
| 24 |
$19,879,330 |
$7,315,682
$496,983 |
$12,066,665 |
| 25 |
$20,873,060 |
$7,683,363
$521,827 |
$12,667,870 |
| 26 |
$21,917,100 |
$8,069,657
$547,928 |
$13,299,515 |
| 27 |
$23,012,740 |
$8,475,044
$575,319 |
$13,962,377 |
| 28 |
$24,163,420 |
$8,900,796
$604,086 |
$14,658,538 |
| 29 |
$25,371,720 |
$9,347,867
$634,293 |
$15,389,560 |
| 30 |
$26,640,220 |
$9,817,212
$666,006 |
$16,157,002 |
|
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