The jackpot for the MEGA Millions draw on Tue Feb 11, 2025, is projected to be $110 Million, with an option for a cash payout of $50.2 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 Feb 11, 2025 |
|---|
| Draw Date | Tue Feb 11, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $50,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $50,200,000 | | Federal Tax(24%) | $12,048,000 | | Additional Federal Tax | $6,486,330 | | State Tax(2.5%) | $1,255,000 | | Net Lumpsum Payment | $30,410,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$41,390 |
$1,041,314 |
| 2 |
$1,738,440 |
$603,553
$43,461 |
$1,091,426 |
| 3 |
$1,825,340 |
$635,706
$45,634 |
$1,144,000 |
| 4 |
$1,916,640 |
$669,487
$47,916 |
$1,199,237 |
| 5 |
$2,012,450 |
$704,937
$50,311 |
$1,257,202 |
| 6 |
$2,113,100 |
$742,177
$52,828 |
$1,318,095 |
| 7 |
$2,218,700 |
$781,249
$55,468 |
$1,381,983 |
| 8 |
$2,329,690 |
$822,316
$58,242 |
$1,449,132 |
| 9 |
$2,446,180 |
$865,417
$61,155 |
$1,519,608 |
| 10 |
$2,568,500 |
$910,675
$64,213 |
$1,593,612 |
| 11 |
$2,696,870 |
$958,172
$67,422 |
$1,671,276 |
| 12 |
$2,831,730 |
$1,008,070
$70,793 |
$1,752,867 |
| 13 |
$2,973,300 |
$1,060,451
$74,333 |
$1,838,516 |
| 14 |
$3,122,020 |
$1,115,478
$78,051 |
$1,928,491 |
| 15 |
$3,278,110 |
$1,173,231
$81,953 |
$2,022,926 |
| 16 |
$3,442,010 |
$1,233,874
$86,050 |
$2,122,086 |
| 17 |
$3,614,050 |
$1,297,529
$90,351 |
$2,226,170 |
| 18 |
$3,794,780 |
$1,364,399
$94,870 |
$2,335,511 |
| 19 |
$3,984,530 |
$1,434,606
$99,613 |
$2,450,311 |
| 20 |
$4,183,740 |
$1,508,314
$104,594 |
$2,570,832 |
| 21 |
$4,392,960 |
$1,585,726
$109,824 |
$2,697,410 |
| 22 |
$4,612,630 |
$1,667,003
$115,316 |
$2,830,311 |
| 23 |
$4,843,190 |
$1,752,311
$121,080 |
$2,969,799 |
| 24 |
$5,085,410 |
$1,841,932
$127,135 |
$3,116,343 |
| 25 |
$5,339,620 |
$1,935,990
$133,491 |
$3,270,139 |
| 26 |
$5,606,700 |
$2,034,809
$140,168 |
$3,431,723 |
| 27 |
$5,886,980 |
$2,138,513
$147,175 |
$3,601,292 |
| 28 |
$6,181,340 |
$2,247,426
$154,534 |
$3,779,380 |
| 29 |
$6,490,440 |
$2,361,793
$162,261 |
$3,966,386 |
| 30 |
$6,814,940 |
$2,481,858
$170,374 |
$4,162,708 |
|
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