The jackpot for the MEGA Millions draw on Fri Jan 16, 2026, is projected to be $230 Million, with an option for a cash payout of $105.1 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 Jan 16, 2026 |
|---|
| Draw Date | Fri Jan 16, 2026 | | Projected Jackpot | $230,000,000 | | Cash Value | $105,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,100,000 | | Federal Tax(24%) | $25,224,000 | | Additional Federal Tax | $13,623,330 | | State Tax(2.5%) | $2,627,500 | | Net Lumpsum Payment | $63,625,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,461,730 |
$1,241,170
$86,543 |
$2,134,017 |
| 2 |
$3,634,920 |
$1,305,251
$90,873 |
$2,238,796 |
| 3 |
$3,816,620 |
$1,372,480
$95,416 |
$2,348,724 |
| 4 |
$4,007,520 |
$1,443,113
$100,188 |
$2,464,219 |
| 5 |
$4,207,850 |
$1,517,235
$105,196 |
$2,585,419 |
| 6 |
$4,418,300 |
$1,595,101
$110,458 |
$2,712,741 |
| 7 |
$4,639,100 |
$1,676,797
$115,978 |
$2,846,325 |
| 8 |
$4,871,170 |
$1,762,663
$121,779 |
$2,986,728 |
| 9 |
$5,114,740 |
$1,852,784
$127,869 |
$3,134,087 |
| 10 |
$5,370,500 |
$1,947,415
$134,263 |
$3,288,822 |
| 11 |
$5,638,910 |
$2,046,727
$140,973 |
$3,451,210 |
| 12 |
$5,920,890 |
$2,151,060
$148,022 |
$3,621,808 |
| 13 |
$6,216,900 |
$2,260,583
$155,423 |
$3,800,894 |
| 14 |
$6,527,860 |
$2,375,639
$163,197 |
$3,989,024 |
| 15 |
$6,854,230 |
$2,496,395
$171,356 |
$4,186,479 |
| 16 |
$7,196,930 |
$2,623,194
$179,923 |
$4,393,813 |
| 17 |
$7,556,650 |
$2,756,291
$188,916 |
$4,611,443 |
| 18 |
$7,934,540 |
$2,896,110
$198,364 |
$4,840,066 |
| 19 |
$8,331,290 |
$3,042,908
$208,282 |
$5,080,100 |
| 20 |
$8,747,820 |
$3,197,024
$218,696 |
$5,332,100 |
| 21 |
$9,185,280 |
$3,358,884
$229,632 |
$5,596,764 |
| 22 |
$9,644,590 |
$3,528,829
$241,115 |
$5,874,646 |
| 23 |
$10,126,670 |
$3,707,198
$253,167 |
$6,166,305 |
| 24 |
$10,633,130 |
$3,894,588
$265,828 |
$6,472,714 |
| 25 |
$11,164,660 |
$4,091,255
$279,117 |
$6,794,288 |
| 26 |
$11,723,100 |
$4,297,877
$293,078 |
$7,132,145 |
| 27 |
$12,309,140 |
$4,514,712
$307,729 |
$7,486,699 |
| 28 |
$12,924,620 |
$4,742,440
$323,116 |
$7,859,064 |
| 29 |
$13,570,920 |
$4,981,571
$339,273 |
$8,250,076 |
| 30 |
$14,249,420 |
$5,232,616
$356,236 |
$8,660,568 |
|
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