The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(2.5%) | $1,800,000 | | Net Lumpsum Payment | $43,599,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$59,075 |
$1,469,289 |
| 2 |
$2,481,228 |
$878,385
$62,031 |
$1,540,812 |
| 3 |
$2,605,258 |
$924,276
$65,131 |
$1,615,851 |
| 4 |
$2,735,568 |
$972,491
$68,389 |
$1,694,688 |
| 5 |
$2,872,315 |
$1,023,087
$71,808 |
$1,777,420 |
| 6 |
$3,015,970 |
$1,076,239
$75,399 |
$1,864,332 |
| 7 |
$3,166,690 |
$1,132,006
$79,167 |
$1,955,517 |
| 8 |
$3,325,103 |
$1,190,618
$83,128 |
$2,051,357 |
| 9 |
$3,491,366 |
$1,252,136
$87,284 |
$2,151,946 |
| 10 |
$3,665,950 |
$1,316,732
$91,649 |
$2,257,569 |
| 11 |
$3,849,169 |
$1,384,523
$96,229 |
$2,368,417 |
| 12 |
$4,041,651 |
$1,455,741
$101,041 |
$2,484,869 |
| 13 |
$4,243,710 |
$1,530,503
$106,093 |
$2,607,114 |
| 14 |
$4,455,974 |
$1,609,041
$111,399 |
$2,735,534 |
| 15 |
$4,678,757 |
$1,691,470
$116,969 |
$2,870,318 |
| 16 |
$4,912,687 |
$1,778,025
$122,817 |
$3,011,845 |
| 17 |
$5,158,235 |
$1,868,877
$128,956 |
$3,160,402 |
| 18 |
$5,416,186 |
$1,964,319
$135,405 |
$3,316,462 |
| 19 |
$5,687,011 |
$2,064,524
$142,175 |
$3,480,312 |
| 20 |
$5,971,338 |
$2,169,725
$149,283 |
$3,652,330 |
| 21 |
$6,269,952 |
$2,280,213
$156,749 |
$3,832,990 |
| 22 |
$6,583,481 |
$2,396,218
$164,587 |
$4,022,676 |
| 23 |
$6,912,553 |
$2,517,975
$172,814 |
$4,221,764 |
| 24 |
$7,258,267 |
$2,645,889
$181,457 |
$4,430,921 |
| 25 |
$7,621,094 |
$2,780,135
$190,527 |
$4,650,432 |
| 26 |
$8,002,290 |
$2,921,178
$200,057 |
$4,881,055 |
| 27 |
$8,402,326 |
$3,069,191
$210,058 |
$5,123,077 |
| 28 |
$8,822,458 |
$3,224,640
$220,561 |
$5,377,257 |
| 29 |
$9,263,628 |
$3,387,873
$231,591 |
$5,644,164 |
| 30 |
$9,726,778 |
$3,559,238
$243,169 |
$5,924,371 |
|
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