The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Fri Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(2.5%) | $1,880,000 | | Net Lumpsum Payment | $45,535,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$62,462 |
$1,551,241 |
| 2 |
$2,623,464 |
$931,012
$65,587 |
$1,626,865 |
| 3 |
$2,754,604 |
$979,534
$68,865 |
$1,706,205 |
| 4 |
$2,892,384 |
$1,030,512
$72,310 |
$1,789,562 |
| 5 |
$3,036,970 |
$1,084,009
$75,924 |
$1,877,037 |
| 6 |
$3,188,860 |
$1,140,209
$79,722 |
$1,968,929 |
| 7 |
$3,348,220 |
$1,199,172
$83,706 |
$2,065,342 |
| 8 |
$3,515,714 |
$1,261,145
$87,893 |
$2,166,676 |
| 9 |
$3,691,508 |
$1,326,188
$92,288 |
$2,273,032 |
| 10 |
$3,876,100 |
$1,394,487
$96,903 |
$2,384,710 |
| 11 |
$4,069,822 |
$1,466,165
$101,746 |
$2,501,911 |
| 12 |
$4,273,338 |
$1,541,465
$106,833 |
$2,625,040 |
| 13 |
$4,486,980 |
$1,620,513
$112,175 |
$2,754,292 |
| 14 |
$4,711,412 |
$1,703,553
$117,785 |
$2,890,074 |
| 15 |
$4,946,966 |
$1,790,708
$123,674 |
$3,032,584 |
| 16 |
$5,194,306 |
$1,882,224
$129,858 |
$3,182,224 |
| 17 |
$5,453,930 |
$1,978,284
$136,348 |
$3,339,298 |
| 18 |
$5,726,668 |
$2,079,198
$143,167 |
$3,504,303 |
| 19 |
$6,013,018 |
$2,185,147
$150,325 |
$3,677,546 |
| 20 |
$6,313,644 |
$2,296,379
$157,841 |
$3,859,424 |
| 21 |
$6,629,376 |
$2,413,200
$165,734 |
$4,050,442 |
| 22 |
$6,960,878 |
$2,535,855
$174,022 |
$4,251,001 |
| 23 |
$7,308,814 |
$2,664,592
$182,720 |
$4,461,502 |
| 24 |
$7,674,346 |
$2,799,838
$191,859 |
$4,682,649 |
| 25 |
$8,057,972 |
$2,941,780
$201,449 |
$4,914,743 |
| 26 |
$8,461,020 |
$3,090,908
$211,526 |
$5,158,586 |
| 27 |
$8,883,988 |
$3,247,406
$222,100 |
$5,414,482 |
| 28 |
$9,328,204 |
$3,411,766
$233,205 |
$5,683,233 |
| 29 |
$9,794,664 |
$3,584,356
$244,867 |
$5,965,441 |
| 30 |
$10,284,364 |
$3,765,545
$257,109 |
$6,261,710 |
|
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