The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(2.5%) | $3,642,500 | | Net Lumpsum Payment | $88,188,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$121,537 |
$2,980,861 |
| 2 |
$5,104,692 |
$1,849,066
$127,617 |
$3,128,009 |
| 3 |
$5,359,862 |
$1,943,479
$133,997 |
$3,282,386 |
| 4 |
$5,627,952 |
$2,042,673
$140,699 |
$3,444,580 |
| 5 |
$5,909,285 |
$2,146,766
$147,732 |
$3,614,787 |
| 6 |
$6,204,830 |
$2,256,117
$155,121 |
$3,793,592 |
| 7 |
$6,514,910 |
$2,370,847
$162,873 |
$3,981,190 |
| 8 |
$6,840,817 |
$2,491,433
$171,020 |
$4,178,364 |
| 9 |
$7,182,874 |
$2,617,994
$179,572 |
$4,385,308 |
| 10 |
$7,542,050 |
$2,750,889
$188,551 |
$4,602,610 |
| 11 |
$7,918,991 |
$2,890,357
$197,975 |
$4,830,659 |
| 12 |
$8,314,989 |
$3,036,876
$207,875 |
$5,070,238 |
| 13 |
$8,730,690 |
$3,190,686
$218,267 |
$5,321,737 |
| 14 |
$9,167,386 |
$3,352,263
$229,185 |
$5,585,938 |
| 15 |
$9,625,723 |
$3,521,848
$240,643 |
$5,863,232 |
| 16 |
$10,106,993 |
$3,699,918
$252,675 |
$6,154,400 |
| 17 |
$10,612,165 |
$3,886,831
$265,304 |
$6,460,030 |
| 18 |
$11,142,854 |
$4,083,186
$278,571 |
$6,781,097 |
| 19 |
$11,700,029 |
$4,289,341
$292,501 |
$7,118,187 |
| 20 |
$12,284,982 |
$4,505,774
$307,125 |
$7,472,083 |
| 21 |
$12,899,328 |
$4,733,082
$322,483 |
$7,843,763 |
| 22 |
$13,544,359 |
$4,971,743
$338,609 |
$8,234,007 |
| 23 |
$14,221,367 |
$5,222,236
$355,534 |
$8,643,597 |
| 24 |
$14,932,613 |
$5,485,397
$373,315 |
$9,073,901 |
| 25 |
$15,679,066 |
$5,761,585
$391,977 |
$9,525,504 |
| 26 |
$16,463,310 |
$6,051,755
$411,583 |
$9,999,972 |
| 27 |
$17,286,314 |
$6,356,267
$432,158 |
$10,497,889 |
| 28 |
$18,150,662 |
$6,676,075
$453,767 |
$11,020,820 |
| 29 |
$19,058,292 |
$7,011,898
$476,457 |
$11,569,937 |
| 30 |
$20,011,142 |
$7,364,453
$500,279 |
$12,146,410 |
|
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