The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 Nov 22, 2024 |
|---|
| Draw Date | Fri Nov 22, 2024 | | Projected Jackpot | $453,000,000 | | Cash Value | $209,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $209,600,000 | | Federal Tax(24%) | $50,304,000 | | Additional Federal Tax | $27,208,330 | | State Tax(2.5%) | $5,240,000 | | Net Lumpsum Payment | $126,847,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,818,103 |
$2,483,028
$170,453 |
$4,164,622 |
| 2 |
$7,159,212 |
$2,609,239
$178,980 |
$4,370,993 |
| 3 |
$7,517,082 |
$2,741,651
$187,927 |
$4,587,504 |
| 4 |
$7,893,072 |
$2,880,767
$197,327 |
$4,814,978 |
| 5 |
$8,287,635 |
$3,026,755
$207,191 |
$5,053,689 |
| 6 |
$8,702,130 |
$3,180,118
$217,553 |
$5,304,459 |
| 7 |
$9,137,010 |
$3,341,024
$228,425 |
$5,567,561 |
| 8 |
$9,594,087 |
$3,510,143
$239,852 |
$5,844,092 |
| 9 |
$10,073,814 |
$3,687,642
$251,845 |
$6,134,327 |
| 10 |
$10,577,550 |
$3,874,024
$264,439 |
$6,439,087 |
| 11 |
$11,106,201 |
$4,069,625
$277,655 |
$6,758,921 |
| 12 |
$11,661,579 |
$4,275,115
$291,539 |
$7,094,925 |
| 13 |
$12,244,590 |
$4,490,829
$306,115 |
$7,447,646 |
| 14 |
$12,857,046 |
$4,717,437
$321,426 |
$7,818,183 |
| 15 |
$13,499,853 |
$4,955,276
$337,496 |
$8,207,081 |
| 16 |
$14,174,823 |
$5,205,015
$354,371 |
$8,615,437 |
| 17 |
$14,883,315 |
$5,467,157
$372,083 |
$9,044,075 |
| 18 |
$15,627,594 |
$5,742,540
$390,690 |
$9,494,364 |
| 19 |
$16,409,019 |
$6,031,667
$410,225 |
$9,967,127 |
| 20 |
$17,229,402 |
$6,335,209
$430,735 |
$10,463,458 |
| 21 |
$18,091,008 |
$6,654,003
$452,275 |
$10,984,730 |
| 22 |
$18,995,649 |
$6,988,721
$474,891 |
$11,532,037 |
| 23 |
$19,945,137 |
$7,340,031
$498,628 |
$12,106,478 |
| 24 |
$20,942,643 |
$7,709,108
$523,566 |
$12,709,969 |
| 25 |
$21,989,526 |
$8,096,455
$549,738 |
$13,343,333 |
| 26 |
$23,089,410 |
$8,503,412
$577,235 |
$14,008,763 |
| 27 |
$24,243,654 |
$8,930,482
$606,091 |
$14,707,081 |
| 28 |
$25,455,882 |
$9,379,007
$636,397 |
$15,440,478 |
| 29 |
$26,728,812 |
$9,849,991
$668,220 |
$16,210,601 |
| 30 |
$28,065,162 |
$10,344,440
$701,629 |
$17,019,093 |
|
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