The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Tue Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(2.5%) | $8,352,500 | | Net Lumpsum Payment | $202,170,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$268,660 |
$6,541,250 |
| 2 |
$11,284,056 |
$4,135,431
$282,101 |
$6,866,524 |
| 3 |
$11,848,116 |
$4,344,133
$296,203 |
$7,207,780 |
| 4 |
$12,440,736 |
$4,563,403
$311,018 |
$7,566,315 |
| 5 |
$13,062,630 |
$4,793,503
$326,566 |
$7,942,561 |
| 6 |
$13,715,940 |
$5,035,228
$342,899 |
$8,337,813 |
| 7 |
$14,401,380 |
$5,288,841
$360,035 |
$8,752,504 |
| 8 |
$15,121,806 |
$5,555,399
$378,045 |
$9,188,362 |
| 9 |
$15,877,932 |
$5,835,165
$396,948 |
$9,645,819 |
| 10 |
$16,671,900 |
$6,128,933
$416,798 |
$10,126,169 |
| 11 |
$17,505,138 |
$6,437,231
$437,628 |
$10,630,279 |
| 12 |
$18,380,502 |
$6,761,116
$459,513 |
$11,159,873 |
| 13 |
$19,299,420 |
$7,101,116
$482,486 |
$11,715,818 |
| 14 |
$20,264,748 |
$7,458,287
$506,619 |
$12,299,842 |
| 15 |
$21,277,914 |
$7,833,159
$531,948 |
$12,912,807 |
| 16 |
$22,341,774 |
$8,226,787
$558,544 |
$13,556,443 |
| 17 |
$23,458,470 |
$8,639,964
$586,462 |
$14,232,044 |
| 18 |
$24,631,572 |
$9,074,012
$615,789 |
$14,941,771 |
| 19 |
$25,863,222 |
$9,529,723
$646,581 |
$15,686,918 |
| 20 |
$27,156,276 |
$10,008,153
$678,907 |
$16,469,216 |
| 21 |
$28,514,304 |
$10,510,623
$712,858 |
$17,290,823 |
| 22 |
$29,940,162 |
$11,038,190
$748,504 |
$18,153,468 |
| 23 |
$31,436,706 |
$11,591,912
$785,918 |
$19,058,876 |
| 24 |
$33,008,934 |
$12,173,636
$825,223 |
$20,010,075 |
| 25 |
$34,658,988 |
$12,784,156
$866,475 |
$21,008,357 |
| 26 |
$36,392,580 |
$13,425,585
$909,815 |
$22,057,180 |
| 27 |
$38,211,852 |
$14,098,716
$955,296 |
$23,157,840 |
| 28 |
$40,122,516 |
$14,805,661
$1,003,063 |
$24,313,792 |
| 29 |
$42,128,856 |
$15,548,007
$1,053,221 |
$25,527,628 |
| 30 |
$44,235,156 |
$16,327,338
$1,105,879 |
$26,801,939 |
|
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