The jackpot for the MEGA Millions draw on Fri Oct 16, 2026, is projected to be $403 Million, with an option for a cash payout of $162.1 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 Oct 16, 2026 |
|---|
| Draw Date | Fri Oct 16, 2026 | | Projected Jackpot | $403,000,000 | | Cash Value | $162,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $162,100,000 | | Federal Tax(24%) | $38,904,000 | | Additional Federal Tax | $21,033,330 | | State Tax(2.5%) | $4,052,500 | | Net Lumpsum Payment | $98,110,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,065,553 |
$2,204,585
$151,639 |
$3,709,329 |
| 2 |
$6,369,012 |
$2,316,865
$159,225 |
$3,892,922 |
| 3 |
$6,687,382 |
$2,434,662
$167,185 |
$4,085,535 |
| 4 |
$7,021,872 |
$2,558,423
$175,547 |
$4,287,902 |
| 5 |
$7,372,885 |
$2,688,298
$184,322 |
$4,500,265 |
| 6 |
$7,741,630 |
$2,824,733
$193,541 |
$4,723,356 |
| 7 |
$8,128,510 |
$2,967,879
$203,213 |
$4,957,418 |
| 8 |
$8,535,137 |
$3,118,331
$213,378 |
$5,203,428 |
| 9 |
$8,961,914 |
$3,276,239
$224,048 |
$5,461,627 |
| 10 |
$9,410,050 |
$3,442,049
$235,251 |
$5,732,750 |
| 11 |
$9,880,351 |
$3,616,060
$247,009 |
$6,017,282 |
| 12 |
$10,374,429 |
$3,798,869
$259,361 |
$6,316,199 |
| 13 |
$10,893,090 |
$3,990,774
$272,327 |
$6,629,989 |
| 14 |
$11,437,946 |
$4,192,370
$285,949 |
$6,959,627 |
| 15 |
$12,009,803 |
$4,403,957
$300,245 |
$7,305,601 |
| 16 |
$12,610,273 |
$4,626,131
$315,257 |
$7,668,885 |
| 17 |
$13,240,565 |
$4,859,339
$331,014 |
$8,050,212 |
| 18 |
$13,902,694 |
$5,104,327
$347,567 |
$8,450,800 |
| 19 |
$14,597,869 |
$5,361,542
$364,947 |
$8,871,380 |
| 20 |
$15,327,702 |
$5,631,580
$383,193 |
$9,312,929 |
| 21 |
$16,094,208 |
$5,915,187
$402,355 |
$9,776,666 |
| 22 |
$16,898,999 |
$6,212,960
$422,475 |
$10,263,564 |
| 23 |
$17,743,687 |
$6,525,495
$443,592 |
$10,774,600 |
| 24 |
$18,631,093 |
$6,853,835
$465,777 |
$11,311,481 |
| 25 |
$19,562,426 |
$7,198,428
$489,061 |
$11,874,937 |
| 26 |
$20,540,910 |
$7,560,467
$513,523 |
$12,466,920 |
| 27 |
$21,567,754 |
$7,940,399
$539,194 |
$13,088,161 |
| 28 |
$22,646,182 |
$8,339,418
$566,155 |
$13,740,609 |
| 29 |
$23,778,612 |
$8,758,417
$594,465 |
$14,425,730 |
| 30 |
$24,967,462 |
$9,198,291
$624,187 |
$15,144,984 |
|
|
