The jackpot for the MEGA Millions draw on Fri Mar 14, 2025, is projected to be $277 Million, with an option for a cash payout of $129.5 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 Mar 14, 2025 |
|---|
| Draw Date | Fri Mar 14, 2025 | | Projected Jackpot | $277,000,000 | | Cash Value | $129,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $129,500,000 | | Federal Tax(24%) | $31,080,000 | | Additional Federal Tax | $16,795,330 | | State Tax(2.5%) | $3,237,500 | | Net Lumpsum Payment | $78,387,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$104,228 |
$2,561,992 |
| 2 |
$4,377,708 |
$1,580,082
$109,443 |
$2,688,183 |
| 3 |
$4,596,538 |
$1,661,049
$114,913 |
$2,820,576 |
| 4 |
$4,826,448 |
$1,746,116
$120,661 |
$2,959,671 |
| 5 |
$5,067,715 |
$1,835,385
$126,693 |
$3,105,637 |
| 6 |
$5,321,170 |
$1,929,163
$133,029 |
$3,258,978 |
| 7 |
$5,587,090 |
$2,027,554
$139,677 |
$3,419,859 |
| 8 |
$5,866,583 |
$2,130,966
$146,665 |
$3,588,952 |
| 9 |
$6,159,926 |
$2,239,503
$153,998 |
$3,766,425 |
| 10 |
$6,467,950 |
$2,353,472
$161,699 |
$3,952,779 |
| 11 |
$6,791,209 |
$2,473,078
$169,780 |
$4,148,351 |
| 12 |
$7,130,811 |
$2,598,730
$178,270 |
$4,353,811 |
| 13 |
$7,487,310 |
$2,730,635
$187,183 |
$4,569,492 |
| 14 |
$7,861,814 |
$2,869,202
$196,545 |
$4,796,067 |
| 15 |
$8,254,877 |
$3,014,635
$206,372 |
$5,033,870 |
| 16 |
$8,667,607 |
$3,167,345
$216,690 |
$5,283,572 |
| 17 |
$9,100,835 |
$3,327,639
$227,521 |
$5,545,675 |
| 18 |
$9,555,946 |
$3,496,030
$238,899 |
$5,821,017 |
| 19 |
$10,033,771 |
$3,672,826
$250,844 |
$6,110,101 |
| 20 |
$10,535,418 |
$3,858,435
$263,385 |
$6,413,598 |
| 21 |
$11,062,272 |
$4,053,371
$276,557 |
$6,732,344 |
| 22 |
$11,615,441 |
$4,258,044
$290,386 |
$7,067,011 |
| 23 |
$12,196,033 |
$4,472,863
$304,901 |
$7,418,269 |
| 24 |
$12,805,987 |
$4,698,546
$320,150 |
$7,787,291 |
| 25 |
$13,446,134 |
$4,935,400
$336,153 |
$8,174,581 |
| 26 |
$14,118,690 |
$5,184,246
$352,967 |
$8,581,477 |
| 27 |
$14,824,486 |
$5,445,390
$370,612 |
$9,008,484 |
| 28 |
$15,565,738 |
$5,719,653
$389,143 |
$9,456,942 |
| 29 |
$16,344,108 |
$6,007,650
$408,603 |
$9,927,855 |
| 30 |
$17,161,258 |
$6,309,996
$429,031 |
$10,422,231 |
|
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