Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(4.9%)	$5,855,500
Net Lumpsum Payment	$69,469,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$188,800	$2,278,295
2	$4,045,824	-$1,457,285 -$198,245	$2,390,294
3	$4,248,064	-$1,532,114 -$208,155	$2,507,795
4	$4,460,544	-$1,610,732 -$218,567	$2,631,245
5	$4,683,520	-$1,693,233 -$229,492	$2,760,795
6	$4,917,760	-$1,779,902 -$240,970	$2,896,888
7	$5,163,520	-$1,870,833 -$253,012	$3,039,675
8	$5,421,824	-$1,966,405 -$265,669	$3,189,750
9	$5,692,928	-$2,066,714 -$278,953	$3,347,261
10	$5,977,600	-$2,172,042 -$292,902	$3,512,656
11	$6,276,352	-$2,282,581 -$307,541	$3,686,230
12	$6,590,208	-$2,398,707 -$322,920	$3,868,581
13	$6,919,680	-$2,520,612 -$339,064	$4,060,004
14	$7,265,792	-$2,648,673 -$356,024	$4,261,095
15	$7,629,056	-$2,783,081 -$373,824	$4,472,151
16	$8,010,496	-$2,924,214 -$392,514	$4,693,768
17	$8,410,880	-$3,072,356 -$412,133	$4,926,391
18	$8,831,488	-$3,227,981 -$432,743	$5,170,764
19	$9,273,088	-$3,391,373 -$454,381	$5,427,334
20	$9,736,704	-$3,562,911 -$477,098	$5,696,695
21	$10,223,616	-$3,743,068 -$500,957	$5,979,591
22	$10,734,848	-$3,932,224 -$526,008	$6,276,616
23	$11,271,424	-$4,130,757 -$552,300	$6,588,367
24	$11,835,136	-$4,339,331 -$579,922	$6,915,883
25	$12,426,752	-$4,558,229 -$608,911	$7,259,612
26	$13,048,320	-$4,788,209 -$639,368	$7,620,743
27	$13,700,608	-$5,029,555 -$671,330	$7,999,723
28	$14,385,664	-$5,283,026 -$704,898	$8,397,740
29	$15,105,024	-$5,549,189 -$740,146	$8,815,689
30	$15,860,224	-$5,828,613 -$777,151	$9,254,460