The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025 |
Draw Date |
Tue Jun 10, 2025 |
Projected Jackpot |
$243,000,000 |
Cash Value |
$108,000,000 |
Lumpsum Option Taxes and Payment |
Cash Gross Payment |
$108,000,000 |
Federal Tax(24%) |
$25,920,000 |
Additional Federal Tax |
$14,000,330 |
State Tax(2.5%) |
$2,700,000 |
Net Lumpsum Payment |
$65,379,670 |
Annuity Payment in 30 Installations |
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,657,393 |
$1,313,566
$91,435 |
$2,252,392 |
2 |
$3,840,372 |
$1,381,268
$96,009 |
$2,363,095 |
3 |
$4,032,342 |
$1,452,297
$100,809 |
$2,479,236 |
4 |
$4,234,032 |
$1,526,922
$105,851 |
$2,601,259 |
5 |
$4,445,685 |
$1,605,234
$111,142 |
$2,729,309 |
6 |
$4,668,030 |
$1,687,501
$116,701 |
$2,863,828 |
7 |
$4,901,310 |
$1,773,815
$122,533 |
$3,004,962 |
8 |
$5,146,497 |
$1,864,534
$128,662 |
$3,153,301 |
9 |
$5,403,834 |
$1,959,749
$135,096 |
$3,308,989 |
10 |
$5,674,050 |
$2,059,729
$141,851 |
$3,472,470 |
11 |
$5,957,631 |
$2,164,654
$148,941 |
$3,644,036 |
12 |
$6,255,549 |
$2,274,884
$156,389 |
$3,824,276 |
13 |
$6,568,290 |
$2,390,598
$164,207 |
$4,013,485 |
14 |
$6,896,826 |
$2,512,156
$172,421 |
$4,212,249 |
15 |
$7,241,643 |
$2,639,738
$181,041 |
$4,420,864 |
16 |
$7,603,713 |
$2,773,704
$190,093 |
$4,639,916 |
17 |
$7,983,765 |
$2,914,323
$199,594 |
$4,869,848 |
18 |
$8,383,014 |
$3,062,046
$209,575 |
$5,111,393 |
19 |
$8,802,189 |
$3,217,140
$220,055 |
$5,364,994 |
20 |
$9,242,262 |
$3,379,967
$231,057 |
$5,631,238 |
21 |
$9,704,448 |
$3,550,976
$242,611 |
$5,910,861 |
22 |
$10,189,719 |
$3,730,526
$254,743 |
$6,204,450 |
23 |
$10,699,047 |
$3,918,978
$267,476 |
$6,512,593 |
24 |
$11,234,133 |
$4,116,960
$280,853 |
$6,836,320 |
25 |
$11,795,706 |
$4,324,742
$294,893 |
$7,176,071 |
26 |
$12,385,710 |
$4,543,043
$309,643 |
$7,533,024 |
27 |
$13,004,874 |
$4,772,134
$325,122 |
$7,907,618 |
28 |
$13,655,142 |
$5,012,733
$341,379 |
$8,301,030 |
29 |
$14,337,972 |
$5,265,380
$358,449 |
$8,714,143 |
30 |
$15,054,822 |
$5,530,615
$376,371 |
$9,147,836 |
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