The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Fri Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(2.5%) | $7,332,500 | | Net Lumpsum Payment | $177,486,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$252,857 |
$6,158,804 |
| 2 |
$10,620,288 |
$3,889,837
$265,507 |
$6,464,944 |
| 3 |
$11,151,168 |
$4,086,263
$278,779 |
$6,786,126 |
| 4 |
$11,708,928 |
$4,292,634
$292,723 |
$7,123,571 |
| 5 |
$12,294,240 |
$4,509,199
$307,356 |
$7,477,685 |
| 6 |
$12,909,120 |
$4,736,705
$322,728 |
$7,849,687 |
| 7 |
$13,554,240 |
$4,975,399
$338,856 |
$8,239,985 |
| 8 |
$14,232,288 |
$5,226,277
$355,807 |
$8,650,204 |
| 9 |
$14,943,936 |
$5,489,587
$373,598 |
$9,080,751 |
| 10 |
$15,691,200 |
$5,766,074
$392,280 |
$9,532,846 |
| 11 |
$16,475,424 |
$6,056,237
$411,886 |
$10,007,301 |
| 12 |
$17,299,296 |
$6,361,070
$432,482 |
$10,505,744 |
| 13 |
$18,164,160 |
$6,681,070
$454,104 |
$11,028,986 |
| 14 |
$19,072,704 |
$7,017,231
$476,818 |
$11,578,655 |
| 15 |
$20,026,272 |
$7,370,051
$500,657 |
$12,155,564 |
| 16 |
$21,027,552 |
$7,740,525
$525,689 |
$12,761,338 |
| 17 |
$22,078,560 |
$8,129,398
$551,964 |
$13,397,198 |
| 18 |
$23,182,656 |
$8,537,913
$579,566 |
$14,065,177 |
| 19 |
$24,341,856 |
$8,966,817
$608,546 |
$14,766,493 |
| 20 |
$25,558,848 |
$9,417,104
$638,971 |
$15,502,773 |
| 21 |
$26,836,992 |
$9,890,017
$670,925 |
$16,276,050 |
| 22 |
$28,178,976 |
$10,386,552
$704,474 |
$17,087,950 |
| 23 |
$29,587,488 |
$10,907,701
$739,687 |
$17,940,100 |
| 24 |
$31,067,232 |
$11,455,206
$776,681 |
$18,835,345 |
| 25 |
$32,620,224 |
$12,029,813
$815,506 |
$19,774,905 |
| 26 |
$34,251,840 |
$12,633,511
$856,296 |
$20,762,033 |
| 27 |
$35,964,096 |
$13,267,046
$899,102 |
$21,797,948 |
| 28 |
$37,762,368 |
$13,932,407
$944,059 |
$22,885,902 |
| 29 |
$39,650,688 |
$14,631,085
$991,267 |
$24,028,336 |
| 30 |
$41,633,088 |
$15,364,573
$1,040,827 |
$25,227,688 |
|
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