The jackpot for the MEGA Millions draw on Fri Jul 31, 2026, is projected to be $50 Million, with an option for a cash payout of $21.5 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 Jul 31, 2026 |
|---|
| Draw Date | Fri Jul 31, 2026 | | Projected Jackpot | $50,000,000 | | Cash Value | $21,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,500,000 | | Federal Tax(24%) | $5,160,000 | | Additional Federal Tax | $2,755,330 | | State Tax(2.5%) | $537,500 | | Net Lumpsum Payment | $13,047,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$18,814 |
$494,962 |
| 2 |
$790,200 |
$252,704
$19,755 |
$517,741 |
| 3 |
$829,700 |
$267,319
$20,743 |
$541,638 |
| 4 |
$871,200 |
$282,674
$21,780 |
$566,746 |
| 5 |
$914,750 |
$298,788
$22,869 |
$593,093 |
| 6 |
$960,500 |
$315,715
$24,013 |
$620,772 |
| 7 |
$1,008,500 |
$333,475
$25,213 |
$649,812 |
| 8 |
$1,058,950 |
$352,142
$26,474 |
$680,334 |
| 9 |
$1,111,900 |
$371,733
$27,798 |
$712,369 |
| 10 |
$1,167,500 |
$392,305
$29,188 |
$746,007 |
| 11 |
$1,225,850 |
$413,895
$30,646 |
$781,309 |
| 12 |
$1,287,150 |
$436,576
$32,179 |
$818,395 |
| 13 |
$1,351,500 |
$460,385
$33,788 |
$857,327 |
| 14 |
$1,419,100 |
$485,397
$35,478 |
$898,225 |
| 15 |
$1,490,050 |
$511,649
$37,251 |
$941,150 |
| 16 |
$1,564,550 |
$539,214
$39,114 |
$986,222 |
| 17 |
$1,642,750 |
$568,148
$41,069 |
$1,033,533 |
| 18 |
$1,724,900 |
$598,543
$43,123 |
$1,083,234 |
| 19 |
$1,811,150 |
$630,456
$45,279 |
$1,135,415 |
| 20 |
$1,901,700 |
$663,959
$47,543 |
$1,190,198 |
| 21 |
$1,996,800 |
$699,146
$49,920 |
$1,247,734 |
| 22 |
$2,096,650 |
$736,091
$52,416 |
$1,308,143 |
| 23 |
$2,201,450 |
$774,867
$55,036 |
$1,371,547 |
| 24 |
$2,311,550 |
$815,604
$57,789 |
$1,438,157 |
| 25 |
$2,427,100 |
$858,357
$60,678 |
$1,508,065 |
| 26 |
$2,548,500 |
$903,275
$63,713 |
$1,581,512 |
| 27 |
$2,675,900 |
$950,413
$66,898 |
$1,658,589 |
| 28 |
$2,809,700 |
$999,919
$70,243 |
$1,739,538 |
| 29 |
$2,950,200 |
$1,051,904
$73,755 |
$1,824,541 |
| 30 |
$3,097,700 |
$1,106,479
$77,443 |
$1,913,778 |
|
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