Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 27, 2026 is estimated to be $285 Million, with a cash option of 128.6 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 Jan 27, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 27, 2026	$285,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(4.9%)	$6,301,400
Net Lumpsum Payment	$74,756,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,289,535	-$1,547,458 -$210,187	$2,531,890
2	$4,504,140	-$1,626,862 -$220,703	$2,656,575
3	$4,729,290	-$1,710,168 -$231,735	$2,787,387
4	$4,965,840	-$1,797,691 -$243,326	$2,924,823
5	$5,214,075	-$1,889,538 -$255,490	$3,069,047
6	$5,474,850	-$1,986,025 -$268,268	$3,220,557
7	$5,748,450	-$2,087,257 -$281,674	$3,379,519
8	$6,036,015	-$2,193,656 -$295,765	$3,546,594
9	$6,337,830	-$2,305,327 -$310,554	$3,721,949
10	$6,654,750	-$2,422,588 -$326,083	$3,906,079
11	$6,987,345	-$2,545,648 -$342,380	$4,099,317
12	$7,336,755	-$2,674,930 -$359,501	$4,302,324
13	$7,703,550	-$2,810,644 -$377,474	$4,515,432
14	$8,088,870	-$2,953,212 -$396,355	$4,739,303
15	$8,493,285	-$3,102,846 -$416,171	$4,974,268
16	$8,917,935	-$3,259,966 -$436,979	$5,220,990
17	$9,363,675	-$3,424,890 -$458,820	$5,479,965
18	$9,831,930	-$3,598,144 -$481,765	$5,752,021
19	$10,323,555	-$3,780,046 -$505,854	$6,037,655
20	$10,839,690	-$3,971,016 -$531,145	$6,337,529
21	$11,381,760	-$4,171,582 -$557,706	$6,652,472
22	$11,950,905	-$4,382,165 -$585,594	$6,983,146
23	$12,548,265	-$4,603,188 -$614,865	$7,330,212
24	$13,175,835	-$4,835,389 -$645,616	$7,694,830
25	$13,834,470	-$5,079,084 -$677,889	$8,077,497
26	$14,526,450	-$5,335,117 -$711,796	$8,479,537
27	$15,252,630	-$5,603,803 -$747,379	$8,901,448
28	$16,015,290	-$5,885,988 -$784,749	$9,344,553
29	$16,816,140	-$6,182,302 -$823,991	$9,809,847
30	$17,656,890	-$6,493,380 -$865,188	$10,298,322