The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
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Draw Date | Fri Sep 19, 2025 | Projected Jackpot | $423,000,000 | Cash Value | $196,500,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $196,500,000 | Federal Tax(24%) | $47,160,000 | Additional Federal Tax | $25,505,330 | State Tax(2.5%) | $4,912,500 | Net Lumpsum Payment | $118,922,170 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,366,573 |
$2,315,962 $159,164 |
$3,891,447 |
2 |
$6,685,092 |
$2,433,814 $167,127 |
$4,084,151 |
3 |
$7,019,262 |
$2,557,457 $175,482 |
$4,286,323 |
4 |
$7,370,352 |
$2,687,361 $184,259 |
$4,498,732 |
5 |
$7,738,785 |
$2,823,681 $193,470 |
$4,721,634 |
6 |
$8,125,830 |
$2,966,887 $203,146 |
$4,955,797 |
7 |
$8,531,910 |
$3,117,137 $213,298 |
$5,201,475 |
8 |
$8,958,717 |
$3,275,056 $223,968 |
$5,459,693 |
9 |
$9,406,674 |
$3,440,800 $235,167 |
$5,730,707 |
10 |
$9,877,050 |
$3,614,839 $246,926 |
$6,015,285 |
11 |
$10,370,691 |
$3,797,486 $259,267 |
$6,313,938 |
12 |
$10,889,289 |
$3,989,367 $272,232 |
$6,627,690 |
13 |
$11,433,690 |
$4,190,796 $285,842 |
$6,957,052 |
14 |
$12,005,586 |
$4,402,397 $300,140 |
$7,303,049 |
15 |
$12,605,823 |
$4,624,485 $315,146 |
$7,666,192 |
16 |
$13,236,093 |
$4,857,685 $330,902 |
$8,047,506 |
17 |
$13,897,665 |
$5,102,466 $347,442 |
$8,447,757 |
18 |
$14,592,654 |
$5,359,612 $364,816 |
$8,868,226 |
19 |
$15,322,329 |
$5,629,592 $383,058 |
$9,309,679 |
20 |
$16,088,382 |
$5,913,032 $402,210 |
$9,773,140 |
21 |
$16,892,928 |
$6,210,714 $422,323 |
$10,259,891 |
22 |
$17,737,659 |
$6,523,264 $443,441 |
$10,770,954 |
23 |
$18,624,267 |
$6,851,309 $465,607 |
$11,307,351 |
24 |
$19,555,713 |
$7,195,944 $488,893 |
$11,870,876 |
25 |
$20,533,266 |
$7,557,639 $513,332 |
$12,462,295 |
26 |
$21,560,310 |
$7,937,645 $539,008 |
$13,083,657 |
27 |
$22,638,114 |
$8,336,433 $565,953 |
$13,735,728 |
28 |
$23,770,062 |
$8,755,253 $594,252 |
$14,420,557 |
29 |
$24,958,692 |
$9,195,046 $623,967 |
$15,139,679 |
30 |
$26,206,542 |
$9,656,751 $655,164 |
$15,894,627 |
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