Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Arkansas, your state will take 4.9% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Arkansas MEGA Millions Jackpot/Cash Option for Tue Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(4.9%)	$4,718,700
Net Lumpsum Payment	$55,989,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$167,412	$2,024,701
2	$3,587,508	-$1,287,708 -$175,788	$2,124,012
3	$3,766,838	-$1,354,060 -$184,575	$2,228,203
4	$3,955,248	-$1,423,772 -$193,807	$2,337,669
5	$4,152,965	-$1,496,927 -$203,495	$2,452,543
6	$4,360,670	-$1,573,778 -$213,673	$2,573,219
7	$4,578,590	-$1,654,409 -$224,351	$2,699,830
8	$4,807,633	-$1,739,155 -$235,574	$2,832,904
9	$5,048,026	-$1,828,100 -$247,353	$2,972,573
10	$5,300,450	-$1,921,497 -$259,722	$3,119,231
11	$5,565,359	-$2,019,513 -$272,703	$3,273,143
12	$5,843,661	-$2,122,485 -$286,339	$3,434,837
13	$6,135,810	-$2,230,580 -$300,655	$3,604,575
14	$6,442,714	-$2,344,135 -$315,693	$3,782,886
15	$6,764,827	-$2,463,316 -$331,477	$3,970,034
16	$7,103,057	-$2,588,461 -$348,050	$4,166,546
17	$7,458,085	-$2,719,822 -$365,446	$4,372,817
18	$7,831,046	-$2,857,817 -$383,721	$4,589,508
19	$8,222,621	-$3,002,700 -$402,908	$4,817,013
20	$8,633,718	-$3,154,806 -$423,052	$5,055,860
21	$9,065,472	-$3,314,555 -$444,208	$5,306,709
22	$9,518,791	-$3,482,283 -$466,421	$5,570,087
23	$9,994,583	-$3,658,326 -$489,735	$5,846,522
24	$10,494,437	-$3,843,272 -$514,227	$6,136,938
25	$11,019,034	-$4,037,373 -$539,933	$6,441,728
26	$11,570,190	-$4,241,301 -$566,939	$6,761,950
27	$12,148,586	-$4,455,307 -$595,281	$7,097,998
28	$12,756,038	-$4,680,064 -$625,046	$7,450,928
29	$13,393,908	-$4,916,076 -$656,301	$7,821,531
30	$14,063,558	-$5,163,847 -$689,114	$8,210,597