Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(4.9%)	$10,339,000
Net Lumpsum Payment	$122,630,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$344,412	$4,123,412
2	$7,380,468	-$2,691,104 -$361,643	$4,327,721
3	$7,749,398	-$2,827,608 -$379,721	$4,542,069
4	$8,137,008	-$2,971,023 -$398,713	$4,767,272
5	$8,543,765	-$3,121,523 -$418,644	$5,003,598
6	$8,971,070	-$3,279,626 -$439,582	$5,251,862
7	$9,419,390	-$3,445,505 -$461,550	$5,512,335
8	$9,890,593	-$3,619,850 -$484,639	$5,786,104
9	$10,385,146	-$3,802,834 -$508,872	$6,073,440
10	$10,904,450	-$3,994,977 -$534,318	$6,375,155
11	$11,449,439	-$4,196,623 -$561,023	$6,691,793
12	$12,021,981	-$4,408,463 -$589,077	$7,024,441
13	$12,623,010	-$4,630,844 -$618,527	$7,373,639
14	$13,254,394	-$4,864,456 -$649,465	$7,740,473
15	$13,917,067	-$5,109,645 -$681,936	$8,125,486
16	$14,612,897	-$5,367,102 -$716,032	$8,529,763
17	$15,343,285	-$5,637,346 -$751,821	$8,954,118
18	$16,110,566	-$5,921,240 -$789,418	$9,399,908
19	$16,916,141	-$6,219,303 -$828,891	$9,867,947
20	$17,761,878	-$6,532,225 -$870,332	$10,359,321
21	$18,650,112	-$6,860,872 -$913,855	$10,875,385
22	$19,582,711	-$7,205,933 -$959,553	$11,417,225
23	$20,561,543	-$7,568,101 -$1,007,516	$11,985,926
24	$21,589,877	-$7,948,585 -$1,057,904	$12,583,388
25	$22,669,114	-$8,347,903 -$1,110,787	$13,210,424
26	$23,802,990	-$8,767,437 -$1,166,347	$13,869,206
27	$24,992,906	-$9,207,706 -$1,224,652	$14,560,548
28	$26,242,598	-$9,670,092 -$1,285,887	$15,286,619
29	$27,554,868	-$10,155,632 -$1,350,189	$16,049,047
30	$28,932,518	-$10,665,362 -$1,417,693	$16,849,463