Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 17, 2026 is estimated to be $600 Million, with a cash option of 246.9 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 Nov 17, 2026

Draw Date	Jackpot	Cash Option
Tue Nov 17, 2026	$600,000,000	$246,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$246,900,000
Federal Tax(24%)	$59,256,000
Additional Federal Tax	$32,057,330
State Tax(4.9%)	$12,098,100
Net Lumpsum Payment	$143,488,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$442,499	$5,286,449
2	$9,482,400	-$3,468,818 -$464,638	$5,548,944
3	$9,956,400	-$3,644,198 -$487,864	$5,824,338
4	$10,454,400	-$3,828,458 -$512,266	$6,113,676
5	$10,977,000	-$4,021,820 -$537,873	$6,417,307
6	$11,526,000	-$4,224,950 -$564,774	$6,736,276
7	$12,102,000	-$4,438,070 -$592,998	$7,070,932
8	$12,707,400	-$4,662,068 -$622,663	$7,422,669
9	$13,342,800	-$4,897,166 -$653,797	$7,791,837
10	$14,010,000	-$5,144,030 -$686,490	$8,179,480
11	$14,710,200	-$5,403,104 -$720,800	$8,586,296
12	$15,445,800	-$5,675,276 -$756,844	$9,013,680
13	$16,218,000	-$5,960,990 -$794,682	$9,462,328
14	$17,029,200	-$6,261,134 -$834,431	$9,933,635
15	$17,880,600	-$6,576,152 -$876,149	$10,428,299
16	$18,774,600	-$6,906,932 -$919,955	$10,947,713
17	$19,713,000	-$7,254,140 -$965,937	$11,492,923
18	$20,698,800	-$7,618,886 -$1,014,241	$12,065,673
19	$21,733,800	-$8,001,836 -$1,064,956	$12,667,008
20	$22,820,400	-$8,403,878 -$1,118,200	$13,298,322
21	$23,961,600	-$8,826,122 -$1,174,118	$13,961,360
22	$25,159,800	-$9,269,456 -$1,232,830	$14,657,514
23	$26,417,400	-$9,734,768 -$1,294,453	$15,388,179
24	$27,738,600	-$10,223,612 -$1,359,191	$16,155,797
25	$29,125,200	-$10,736,654 -$1,427,135	$16,961,411
26	$30,582,000	-$11,275,670 -$1,498,518	$17,807,812
27	$32,110,800	-$11,841,326 -$1,573,429	$18,696,045
28	$33,716,400	-$12,435,398 -$1,652,104	$19,628,898
29	$35,402,400	-$13,059,218 -$1,734,718	$20,608,464
30	$37,172,400	-$13,714,118 -$1,821,448	$21,636,834