The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(2.5%) | $4,090,000 | | Net Lumpsum Payment | $99,017,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$138,469 |
$3,390,624 |
| 2 |
$5,815,872 |
$2,112,203
$145,397 |
$3,558,272 |
| 3 |
$6,106,592 |
$2,219,769
$152,665 |
$3,734,158 |
| 4 |
$6,412,032 |
$2,332,782
$160,301 |
$3,918,949 |
| 5 |
$6,732,560 |
$2,451,378
$168,314 |
$4,112,868 |
| 6 |
$7,069,280 |
$2,575,964
$176,732 |
$4,316,584 |
| 7 |
$7,422,560 |
$2,706,678
$185,564 |
$4,530,318 |
| 8 |
$7,793,872 |
$2,844,063
$194,847 |
$4,754,962 |
| 9 |
$8,183,584 |
$2,988,256
$204,590 |
$4,990,738 |
| 10 |
$8,592,800 |
$3,139,666
$214,820 |
$5,238,314 |
| 11 |
$9,022,256 |
$3,298,565
$225,556 |
$5,498,135 |
| 12 |
$9,473,424 |
$3,465,497
$236,836 |
$5,771,091 |
| 13 |
$9,947,040 |
$3,640,735
$248,676 |
$6,057,629 |
| 14 |
$10,444,576 |
$3,824,824
$261,114 |
$6,358,638 |
| 15 |
$10,966,768 |
$4,018,035
$274,169 |
$6,674,564 |
| 16 |
$11,515,088 |
$4,220,913
$287,877 |
$7,006,298 |
| 17 |
$12,090,640 |
$4,433,867
$302,266 |
$7,354,507 |
| 18 |
$12,695,264 |
$4,657,578
$317,382 |
$7,720,304 |
| 19 |
$13,330,064 |
$4,892,454
$333,252 |
$8,104,358 |
| 20 |
$13,996,512 |
$5,139,040
$349,913 |
$8,507,559 |
| 21 |
$14,696,448 |
$5,398,016
$367,411 |
$8,931,021 |
| 22 |
$15,431,344 |
$5,669,928
$385,784 |
$9,375,632 |
| 23 |
$16,202,672 |
$5,955,319
$405,067 |
$9,842,286 |
| 24 |
$17,013,008 |
$6,255,143
$425,325 |
$10,332,540 |
| 25 |
$17,863,456 |
$6,569,809
$446,586 |
$10,847,061 |
| 26 |
$18,756,960 |
$6,900,406
$468,924 |
$11,387,630 |
| 27 |
$19,694,624 |
$7,247,341
$492,366 |
$11,954,917 |
| 28 |
$20,679,392 |
$7,611,705
$516,985 |
$12,550,702 |
| 29 |
$21,713,472 |
$7,994,315
$542,837 |
$13,176,320 |
| 30 |
$22,799,072 |
$8,395,987
$569,977 |
$13,833,108 |
|
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