Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(4.9%)	$7,536,200
Net Lumpsum Payment	$89,397,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$255,175	$3,065,312
2	$5,468,184	-$1,983,558 -$267,941	$3,216,685
3	$5,741,524	-$2,084,694 -$281,335	$3,375,495
4	$6,028,704	-$2,190,951 -$295,406	$3,542,347
5	$6,330,070	-$2,302,456 -$310,173	$3,717,441
6	$6,646,660	-$2,419,595 -$325,686	$3,901,379
7	$6,978,820	-$2,542,494 -$341,962	$4,094,364
8	$7,327,934	-$2,671,666 -$359,069	$4,297,199
9	$7,694,348	-$2,807,239 -$377,023	$4,510,086
10	$8,079,100	-$2,949,597 -$395,876	$4,733,627
11	$8,482,882	-$3,098,997 -$415,661	$4,968,224
12	$8,907,078	-$3,255,949 -$436,447	$5,214,682
13	$9,352,380	-$3,420,711 -$458,267	$5,473,402
14	$9,820,172	-$3,593,794 -$481,188	$5,745,190
15	$10,311,146	-$3,775,454 -$505,246	$6,030,446
16	$10,826,686	-$3,966,204 -$530,508	$6,329,974
17	$11,367,830	-$4,166,427 -$557,024	$6,644,379
18	$11,936,308	-$4,376,764 -$584,879	$6,974,665
19	$12,533,158	-$4,597,599 -$614,125	$7,321,434
20	$13,159,764	-$4,829,443 -$644,828	$7,685,493
21	$13,817,856	-$5,072,937 -$677,075	$8,067,844
22	$14,508,818	-$5,328,593 -$710,932	$8,469,293
23	$15,234,034	-$5,596,923 -$746,468	$8,890,643
24	$15,995,926	-$5,878,823 -$783,800	$9,333,303
25	$16,795,532	-$6,174,677 -$822,981	$9,797,874
26	$17,635,620	-$6,485,510 -$864,145	$10,285,965
27	$18,517,228	-$6,811,705 -$907,344	$10,798,179
28	$19,443,124	-$7,154,286 -$952,713	$11,336,125
29	$20,415,384	-$7,514,022 -$1,000,354	$11,901,008
30	$21,436,084	-$7,891,681 -$1,050,368	$12,494,035