Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(4.9%)	$8,981,700
Net Lumpsum Payment	$106,536,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$291,312	$3,493,799
2	$6,242,580	-$2,270,085 -$305,886	$3,666,609
3	$6,554,630	-$2,385,543 -$321,177	$3,847,910
4	$6,882,480	-$2,506,848 -$337,242	$4,038,390
5	$7,226,525	-$2,634,145 -$354,100	$4,238,280
6	$7,587,950	-$2,767,872 -$371,810	$4,448,268
7	$7,967,150	-$2,908,176 -$390,390	$4,668,584
8	$8,365,705	-$3,055,641 -$409,920	$4,900,144
9	$8,784,010	-$3,210,414 -$430,416	$5,143,180
10	$9,223,250	-$3,372,933 -$451,939	$5,398,378
11	$9,684,215	-$3,543,490 -$474,527	$5,666,198
12	$10,168,485	-$3,722,670 -$498,256	$5,947,559
13	$10,676,850	-$3,910,765 -$523,166	$6,242,919
14	$11,210,890	-$4,108,360 -$549,334	$6,553,196
15	$11,771,395	-$4,315,747 -$576,798	$6,878,850
16	$12,359,945	-$4,533,510 -$605,637	$7,220,798
17	$12,977,725	-$4,762,089 -$635,909	$7,579,727
18	$13,626,710	-$5,002,213 -$667,709	$7,956,788
19	$14,308,085	-$5,254,322 -$701,096	$8,352,667
20	$15,023,430	-$5,518,999 -$736,148	$8,768,283
21	$15,774,720	-$5,796,977 -$772,961	$9,204,782
22	$16,563,535	-$6,088,838 -$811,613	$9,663,084
23	$17,391,455	-$6,395,169 -$852,181	$10,144,105
24	$18,261,245	-$6,716,991 -$894,801	$10,649,453
25	$19,174,090	-$7,054,744 -$939,530	$11,179,816
26	$20,133,150	-$7,409,596 -$986,524	$11,737,030
27	$21,139,610	-$7,781,986 -$1,035,841	$12,321,783
28	$22,196,630	-$8,173,083 -$1,087,635	$12,935,912
29	$23,306,580	-$8,583,765 -$1,142,022	$13,580,793
30	$24,471,830	-$9,014,907 -$1,199,120	$14,257,803