Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(4.9%)	$6,178,900
Net Lumpsum Payment	$73,303,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$206,500	$2,488,166
2	$4,425,120	-$1,597,625 -$216,831	$2,610,664
3	$4,646,320	-$1,679,469 -$227,670	$2,739,181
4	$4,878,720	-$1,765,457 -$239,057	$2,874,206
5	$5,122,600	-$1,855,692 -$251,007	$3,015,901
6	$5,378,800	-$1,950,486 -$263,561	$3,164,753
7	$5,647,600	-$2,049,942 -$276,732	$3,320,926
8	$5,930,120	-$2,154,475 -$290,576	$3,485,069
9	$6,226,640	-$2,264,187 -$305,105	$3,657,348
10	$6,538,000	-$2,379,390 -$320,362	$3,838,248
11	$6,864,760	-$2,500,292 -$336,373	$4,028,095
12	$7,208,040	-$2,627,305 -$353,194	$4,227,541
13	$7,568,400	-$2,760,638 -$370,852	$4,436,910
14	$7,946,960	-$2,900,706 -$389,401	$4,656,853
15	$8,344,280	-$3,047,714 -$408,870	$4,887,696
16	$8,761,480	-$3,202,078 -$429,313	$5,130,089
17	$9,199,400	-$3,364,108 -$450,771	$5,384,521
18	$9,659,440	-$3,534,323 -$473,313	$5,651,804
19	$10,142,440	-$3,713,033 -$496,980	$5,932,427
20	$10,649,520	-$3,900,653 -$521,826	$6,227,041
21	$11,182,080	-$4,097,700 -$547,922	$6,536,458
22	$11,741,240	-$4,304,589 -$575,321	$6,861,330
23	$12,328,120	-$4,521,735 -$604,078	$7,202,307
24	$12,944,680	-$4,749,862 -$634,289	$7,560,529
25	$13,591,760	-$4,989,282 -$665,996	$7,936,482
26	$14,271,600	-$5,240,822 -$699,308	$8,331,470
27	$14,985,040	-$5,504,795 -$734,267	$8,745,978
28	$15,734,320	-$5,782,029 -$770,982	$9,181,309
29	$16,521,120	-$6,073,145 -$809,535	$9,638,440
30	$17,347,120	-$6,378,765 -$850,009	$10,118,346