Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(4.9%)	$3,327,100
Net Lumpsum Payment	$39,489,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$110,625	$1,351,364
2	$2,370,600	-$837,452 -$116,159	$1,416,989
3	$2,489,100	-$881,297 -$121,966	$1,485,837
4	$2,613,600	-$927,362 -$128,066	$1,558,172
5	$2,744,250	-$975,703 -$134,468	$1,634,079
6	$2,881,500	-$1,026,485 -$141,194	$1,713,821
7	$3,025,500	-$1,079,765 -$148,250	$1,797,485
8	$3,176,850	-$1,135,765 -$155,666	$1,885,419
9	$3,335,700	-$1,194,539 -$163,449	$1,977,712
10	$3,502,500	-$1,256,255 -$171,623	$2,074,622
11	$3,677,550	-$1,321,024 -$180,200	$2,176,326
12	$3,861,450	-$1,389,067 -$189,211	$2,283,172
13	$4,054,500	-$1,460,495 -$198,671	$2,395,334
14	$4,257,300	-$1,535,531 -$208,608	$2,513,161
15	$4,470,150	-$1,614,286 -$219,037	$2,636,827
16	$4,693,650	-$1,696,981 -$229,989	$2,766,680
17	$4,928,250	-$1,783,783 -$241,484	$2,902,983
18	$5,174,700	-$1,874,969 -$253,560	$3,046,171
19	$5,433,450	-$1,970,707 -$266,239	$3,196,504
20	$5,705,100	-$2,071,217 -$279,550	$3,354,333
21	$5,990,400	-$2,176,778 -$293,530	$3,520,092
22	$6,289,950	-$2,287,612 -$308,208	$3,694,130
23	$6,604,350	-$2,403,940 -$323,613	$3,876,797
24	$6,934,650	-$2,526,151 -$339,798	$4,068,701
25	$7,281,300	-$2,654,411 -$356,784	$4,270,105
26	$7,645,500	-$2,789,165 -$374,630	$4,481,705
27	$8,027,700	-$2,930,579 -$393,357	$4,703,764
28	$8,429,100	-$3,079,097 -$413,026	$4,936,977
29	$8,850,600	-$3,235,052 -$433,679	$5,181,869
30	$9,293,100	-$3,398,777 -$455,362	$5,438,961