Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(4.9%)	$1,558,200
Net Lumpsum Payment	$18,515,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$51,625	$651,794
2	$1,106,280	-$369,654 -$54,208	$682,418
3	$1,161,580	-$390,115 -$56,917	$714,548
4	$1,219,680	-$411,612 -$59,764	$748,304
5	$1,280,650	-$434,171 -$62,752	$783,727
6	$1,344,700	-$457,869 -$65,890	$820,941
7	$1,411,900	-$482,733 -$69,183	$859,984
8	$1,482,530	-$508,866 -$72,644	$901,020
9	$1,556,660	-$536,295 -$76,276	$944,089
10	$1,634,500	-$565,095 -$80,091	$989,314
11	$1,716,190	-$595,321 -$84,093	$1,036,776
12	$1,802,010	-$627,074 -$88,298	$1,086,638
13	$1,892,100	-$660,407 -$92,713	$1,138,980
14	$1,986,740	-$695,424 -$97,350	$1,193,966
15	$2,086,070	-$732,176 -$102,217	$1,251,677
16	$2,190,370	-$770,767 -$107,328	$1,312,275
17	$2,299,850	-$811,275 -$112,693	$1,375,882
18	$2,414,860	-$853,829 -$118,328	$1,442,703
19	$2,535,610	-$898,506 -$124,245	$1,512,859
20	$2,662,380	-$945,411 -$130,457	$1,586,512
21	$2,795,520	-$994,673 -$136,980	$1,663,867
22	$2,935,310	-$1,046,395 -$143,830	$1,745,085
23	$3,082,030	-$1,100,681 -$151,019	$1,830,330
24	$3,236,170	-$1,157,713 -$158,572	$1,919,885
25	$3,397,940	-$1,217,568 -$166,499	$2,013,873
26	$3,567,900	-$1,280,453 -$174,827	$2,112,620
27	$3,746,260	-$1,346,447 -$183,567	$2,216,246
28	$3,933,580	-$1,415,755 -$192,745	$2,325,080
29	$4,130,280	-$1,488,534 -$202,384	$2,439,362
30	$4,336,780	-$1,564,939 -$212,502	$2,559,339