- 1½ cups tequila* (12 ounces or ½ a 750 milliliter bottle)
- 1 cup (8 ounces) triple sec
- 2 (12-ounce) cans frozen limeade concentrate, thawed and undiluted
- 2 quarts water
- 1 (10-ounce) can frozen margarita mix**, thawed (like Bacardi)
- Optional for serving: lime juice, coarse salt, lime slices