Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(4.9%)	$3,077,200
Net Lumpsum Payment	$36,526,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$103,250	$1,263,918
2	$2,212,560	-$778,978 -$108,415	$1,325,167
3	$2,323,160	-$819,900 -$113,835	$1,389,425
4	$2,439,360	-$862,894 -$119,529	$1,456,937
5	$2,561,300	-$908,011 -$125,504	$1,527,785
6	$2,689,400	-$955,408 -$131,781	$1,602,211
7	$2,823,800	-$1,005,136 -$138,366	$1,680,298
8	$2,965,060	-$1,057,403 -$145,288	$1,762,369
9	$3,113,320	-$1,112,259 -$152,553	$1,848,508
10	$3,269,000	-$1,169,860 -$160,181	$1,938,959
11	$3,432,380	-$1,230,311 -$168,187	$2,033,882
12	$3,604,020	-$1,293,818 -$176,597	$2,133,605
13	$3,784,200	-$1,360,484 -$185,426	$2,238,290
14	$3,973,480	-$1,430,518 -$194,701	$2,348,261
15	$4,172,140	-$1,504,022 -$204,435	$2,463,683
16	$4,380,740	-$1,581,204 -$214,656	$2,584,880
17	$4,599,700	-$1,662,219 -$225,385	$2,712,096
18	$4,829,720	-$1,747,327 -$236,656	$2,845,737
19	$5,071,220	-$1,836,682 -$248,490	$2,986,048
20	$5,324,760	-$1,930,492 -$260,913	$3,133,355
21	$5,591,040	-$2,029,015 -$273,961	$3,288,064
22	$5,870,620	-$2,132,460 -$287,660	$3,450,500
23	$6,164,060	-$2,241,033 -$302,039	$3,620,988
24	$6,472,340	-$2,355,096 -$317,145	$3,800,099
25	$6,795,880	-$2,474,806 -$332,998	$3,988,076
26	$7,135,800	-$2,600,576 -$349,654	$4,185,570
27	$7,492,520	-$2,732,563 -$367,133	$4,392,824
28	$7,867,160	-$2,871,180 -$385,491	$4,610,489
29	$8,260,560	-$3,016,738 -$404,767	$4,839,055
30	$8,673,560	-$3,169,548 -$425,004	$5,079,008