Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(4.9%)	$6,840,400
Net Lumpsum Payment	$81,147,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$254,437	$3,056,567
2	$5,452,380	-$1,977,711 -$267,167	$3,207,502
3	$5,724,930	-$2,078,554 -$280,522	$3,365,854
4	$6,011,280	-$2,184,504 -$294,553	$3,532,223
5	$6,311,775	-$2,295,687 -$309,277	$3,706,811
6	$6,627,450	-$2,412,487 -$324,745	$3,890,218
7	$6,958,650	-$2,535,031 -$340,974	$4,082,645
8	$7,306,755	-$2,663,830 -$358,031	$4,284,894
9	$7,672,110	-$2,799,011 -$375,933	$4,497,166
10	$8,055,750	-$2,940,958 -$394,732	$4,720,060
11	$8,458,365	-$3,089,925 -$414,460	$4,953,980
12	$8,881,335	-$3,246,424 -$435,185	$5,199,726
13	$9,325,350	-$3,410,710 -$456,942	$5,457,698
14	$9,791,790	-$3,583,293 -$479,798	$5,728,699
15	$10,281,345	-$3,764,428 -$503,786	$6,013,131
16	$10,795,395	-$3,954,627 -$528,974	$6,311,794
17	$11,334,975	-$4,154,271 -$555,414	$6,625,290
18	$11,901,810	-$4,364,000 -$583,189	$6,954,621
19	$12,496,935	-$4,584,196 -$612,350	$7,300,389
20	$13,121,730	-$4,815,370 -$642,965	$7,663,395
21	$13,777,920	-$5,058,161 -$675,118	$8,044,641
22	$14,466,885	-$5,313,078 -$708,877	$8,444,930
23	$15,190,005	-$5,580,632 -$744,310	$8,865,063
24	$15,949,695	-$5,861,718 -$781,535	$9,306,442
25	$16,746,990	-$6,156,717 -$820,603	$9,769,670
26	$17,584,650	-$6,466,651 -$861,648	$10,256,351
27	$18,463,710	-$6,791,903 -$904,722	$10,767,085
28	$19,386,930	-$7,133,494 -$949,960	$11,303,476
29	$20,356,380	-$7,492,191 -$997,463	$11,866,726
30	$21,374,130	-$7,868,758 -$1,047,332	$12,458,040