The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 May 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(2.5%) | $2,157,500 | | Net Lumpsum Payment | $52,251,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$73,374 |
$1,815,311 |
| 2 |
$3,081,780 |
$1,100,589
$77,045 |
$1,904,146 |
| 3 |
$3,235,830 |
$1,157,587
$80,896 |
$1,997,347 |
| 4 |
$3,397,680 |
$1,217,472
$84,942 |
$2,095,266 |
| 5 |
$3,567,525 |
$1,280,315
$89,188 |
$2,198,022 |
| 6 |
$3,745,950 |
$1,346,332
$93,649 |
$2,305,969 |
| 7 |
$3,933,150 |
$1,415,596
$98,329 |
$2,419,225 |
| 8 |
$4,129,905 |
$1,488,395
$103,248 |
$2,538,262 |
| 9 |
$4,336,410 |
$1,564,802
$108,410 |
$2,663,198 |
| 10 |
$4,553,250 |
$1,645,033
$113,831 |
$2,794,386 |
| 11 |
$4,780,815 |
$1,729,232
$119,520 |
$2,932,063 |
| 12 |
$5,019,885 |
$1,817,688
$125,497 |
$3,076,700 |
| 13 |
$5,270,850 |
$1,910,545
$131,771 |
$3,228,534 |
| 14 |
$5,534,490 |
$2,008,092
$138,362 |
$3,388,036 |
| 15 |
$5,811,195 |
$2,110,473
$145,280 |
$3,555,442 |
| 16 |
$6,101,745 |
$2,217,976
$152,544 |
$3,731,225 |
| 17 |
$6,406,725 |
$2,330,819
$160,168 |
$3,915,738 |
| 18 |
$6,727,110 |
$2,449,361
$168,178 |
$4,109,571 |
| 19 |
$7,063,485 |
$2,573,820
$176,587 |
$4,313,078 |
| 20 |
$7,416,630 |
$2,704,483
$185,416 |
$4,526,731 |
| 21 |
$7,787,520 |
$2,841,713
$194,688 |
$4,751,119 |
| 22 |
$8,176,935 |
$2,985,796
$204,423 |
$4,986,716 |
| 23 |
$8,585,655 |
$3,137,023
$214,641 |
$5,233,991 |
| 24 |
$9,015,045 |
$3,295,897
$225,376 |
$5,493,772 |
| 25 |
$9,465,690 |
$3,462,636
$236,642 |
$5,766,412 |
| 26 |
$9,939,150 |
$3,637,816
$248,479 |
$6,052,855 |
| 27 |
$10,436,010 |
$3,821,654
$260,900 |
$6,353,456 |
| 28 |
$10,957,830 |
$4,014,727
$273,946 |
$6,669,157 |
| 29 |
$11,505,780 |
$4,217,469
$287,645 |
$7,000,666 |
| 30 |
$12,081,030 |
$4,430,311
$302,026 |
$7,348,693 |
|
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