The jackpot for the MEGA Millions draw on Tue Jun 2, 2026, is projected to be $346 Million, with an option for a cash payout of $153.8 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 2, 2026 |
|---|
| Draw Date | Tue Jun 2, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $153,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $153,800,000 | | Federal Tax(24%) | $36,912,000 | | Additional Federal Tax | $19,954,330 | | State Tax(2.5%) | $3,845,000 | | Net Lumpsum Payment | $93,088,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$130,191 |
$3,190,296 |
| 2 |
$5,468,184 |
$1,983,558
$136,705 |
$3,347,921 |
| 3 |
$5,741,524 |
$2,084,694
$143,538 |
$3,513,292 |
| 4 |
$6,028,704 |
$2,190,951
$150,718 |
$3,687,035 |
| 5 |
$6,330,070 |
$2,302,456
$158,252 |
$3,869,362 |
| 6 |
$6,646,660 |
$2,419,595
$166,167 |
$4,060,898 |
| 7 |
$6,978,820 |
$2,542,494
$174,471 |
$4,261,855 |
| 8 |
$7,327,934 |
$2,671,666
$183,198 |
$4,473,070 |
| 9 |
$7,694,348 |
$2,807,239
$192,359 |
$4,694,750 |
| 10 |
$8,079,100 |
$2,949,597
$201,978 |
$4,927,525 |
| 11 |
$8,482,882 |
$3,098,997
$212,072 |
$5,171,813 |
| 12 |
$8,907,078 |
$3,255,949
$222,677 |
$5,428,452 |
| 13 |
$9,352,380 |
$3,420,711
$233,810 |
$5,697,859 |
| 14 |
$9,820,172 |
$3,593,794
$245,504 |
$5,980,874 |
| 15 |
$10,311,146 |
$3,775,454
$257,779 |
$6,277,913 |
| 16 |
$10,826,686 |
$3,966,204
$270,667 |
$6,589,815 |
| 17 |
$11,367,830 |
$4,166,427
$284,196 |
$6,917,207 |
| 18 |
$11,936,308 |
$4,376,764
$298,408 |
$7,261,136 |
| 19 |
$12,533,158 |
$4,597,599
$313,329 |
$7,622,230 |
| 20 |
$13,159,764 |
$4,829,443
$328,994 |
$8,001,327 |
| 21 |
$13,817,856 |
$5,072,937
$345,446 |
$8,399,473 |
| 22 |
$14,508,818 |
$5,328,593
$362,720 |
$8,817,505 |
| 23 |
$15,234,034 |
$5,596,923
$380,851 |
$9,256,260 |
| 24 |
$15,995,926 |
$5,878,823
$399,898 |
$9,717,205 |
| 25 |
$16,795,532 |
$6,174,677
$419,888 |
$10,200,967 |
| 26 |
$17,635,620 |
$6,485,510
$440,891 |
$10,709,219 |
| 27 |
$18,517,228 |
$6,811,705
$462,931 |
$11,242,592 |
| 28 |
$19,443,124 |
$7,154,286
$486,078 |
$11,802,760 |
| 29 |
$20,415,384 |
$7,514,022
$510,385 |
$12,390,977 |
| 30 |
$21,436,084 |
$7,891,681
$535,902 |
$13,008,501 |
|
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