Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(4.9%)	$9,138,500
Net Lumpsum Payment	$108,396,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$326,712	$3,913,541
2	$7,001,172	-$2,550,764 -$343,057	$4,107,351
3	$7,351,142	-$2,680,253 -$360,206	$4,310,683
4	$7,718,832	-$2,816,298 -$378,223	$4,524,311
5	$8,104,685	-$2,959,064 -$397,130	$4,748,491
6	$8,510,030	-$3,109,041 -$416,991	$4,983,998
7	$8,935,310	-$3,266,395 -$437,830	$5,231,085
8	$9,382,297	-$3,431,780 -$459,733	$5,490,784
9	$9,851,434	-$3,605,361 -$482,720	$5,763,353
10	$10,344,050	-$3,787,629 -$506,858	$6,049,563
11	$10,861,031	-$3,978,912 -$532,191	$6,349,928
12	$11,404,149	-$4,179,866 -$558,803	$6,665,480
13	$11,974,290	-$4,390,818 -$586,740	$6,996,732
14	$12,573,226	-$4,612,424 -$616,088	$7,344,714
15	$13,201,843	-$4,845,012 -$646,890	$7,709,941
16	$13,861,913	-$5,089,238 -$679,234	$8,093,441
17	$14,554,765	-$5,345,593 -$713,183	$8,495,989
18	$15,282,614	-$5,614,898 -$748,848	$8,918,868
19	$16,046,789	-$5,897,642 -$786,293	$9,362,854
20	$16,849,062	-$6,194,483 -$825,604	$9,828,975
21	$17,691,648	-$6,506,240 -$866,891	$10,318,517
22	$18,576,319	-$6,833,568 -$910,240	$10,832,511
23	$19,504,847	-$7,177,124 -$955,738	$11,371,985
24	$20,480,333	-$7,538,054 -$1,003,536	$11,938,743
25	$21,504,106	-$7,916,850 -$1,053,701	$12,533,555
26	$22,579,710	-$8,314,823 -$1,106,406	$13,158,481
27	$23,708,474	-$8,732,466 -$1,161,715	$13,814,293
28	$24,893,942	-$9,171,089 -$1,219,803	$14,503,050
29	$26,138,772	-$9,631,676 -$1,280,800	$15,226,296
30	$27,445,622	-$10,115,211 -$1,344,835	$15,985,576