The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(2.5%) | $3,215,000 | | Net Lumpsum Payment | $77,842,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$111,377 |
$2,735,003 |
| 2 |
$4,677,984 |
$1,691,184
$116,950 |
$2,869,850 |
| 3 |
$4,911,824 |
$1,777,705
$122,796 |
$3,011,323 |
| 4 |
$5,157,504 |
$1,868,607
$128,938 |
$3,159,959 |
| 5 |
$5,415,320 |
$1,963,999
$135,383 |
$3,315,938 |
| 6 |
$5,686,160 |
$2,064,210
$142,154 |
$3,479,796 |
| 7 |
$5,970,320 |
$2,169,349
$149,258 |
$3,651,713 |
| 8 |
$6,268,984 |
$2,279,854
$156,725 |
$3,832,405 |
| 9 |
$6,582,448 |
$2,395,836
$164,561 |
$4,022,051 |
| 10 |
$6,911,600 |
$2,517,622
$172,790 |
$4,221,188 |
| 11 |
$7,257,032 |
$2,645,432
$181,426 |
$4,430,174 |
| 12 |
$7,619,928 |
$2,779,704
$190,498 |
$4,649,726 |
| 13 |
$8,000,880 |
$2,920,656
$200,022 |
$4,880,202 |
| 14 |
$8,401,072 |
$3,068,727
$210,027 |
$5,122,318 |
| 15 |
$8,821,096 |
$3,224,136
$220,527 |
$5,376,433 |
| 16 |
$9,262,136 |
$3,387,321
$231,553 |
$5,643,262 |
| 17 |
$9,725,080 |
$3,558,610
$243,127 |
$5,923,343 |
| 18 |
$10,211,408 |
$3,738,551
$255,285 |
$6,217,572 |
| 19 |
$10,722,008 |
$3,927,473
$268,050 |
$6,526,485 |
| 20 |
$11,258,064 |
$4,125,814
$281,452 |
$6,850,798 |
| 21 |
$11,821,056 |
$4,334,121
$295,526 |
$7,191,409 |
| 22 |
$12,412,168 |
$4,552,833
$310,304 |
$7,549,031 |
| 23 |
$13,032,584 |
$4,782,386
$325,815 |
$7,924,383 |
| 24 |
$13,684,376 |
$5,023,550
$342,109 |
$8,318,717 |
| 25 |
$14,368,432 |
$5,276,650
$359,211 |
$8,732,571 |
| 26 |
$15,087,120 |
$5,542,565
$377,178 |
$9,167,377 |
| 27 |
$15,841,328 |
$5,821,622
$396,033 |
$9,623,673 |
| 28 |
$16,633,424 |
$6,114,697
$415,836 |
$10,102,891 |
| 29 |
$17,465,184 |
$6,422,448
$436,630 |
$10,606,106 |
| 30 |
$18,338,384 |
$6,745,532
$458,460 |
$11,134,392 |
|
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