Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Arkansas MEGA Millions Jackpot/Cash Option for Fri Jun 27, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 27, 2025	$348,000,000	$155,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$155,500,000
Federal Tax(24%)	$37,320,000
Additional Federal Tax	$20,175,330
State Tax(4.9%)	$7,619,500
Net Lumpsum Payment	$90,385,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,237,748	-$1,898,297 -$256,650	$3,082,801
2	$5,499,792	-$1,995,253 -$269,490	$3,235,049
3	$5,774,712	-$2,096,974 -$282,961	$3,394,777
4	$6,063,552	-$2,203,845 -$297,114	$3,562,593
5	$6,366,660	-$2,315,995 -$311,966	$3,738,699
6	$6,685,080	-$2,433,810 -$327,569	$3,923,701
7	$7,019,160	-$2,557,420 -$343,939	$4,117,801
8	$7,370,292	-$2,687,338 -$361,144	$4,321,810
9	$7,738,824	-$2,823,695 -$379,202	$4,535,927
10	$8,125,800	-$2,966,876 -$398,164	$4,760,760
11	$8,531,916	-$3,117,139 -$418,064	$4,996,713
12	$8,958,564	-$3,274,999 -$438,970	$5,244,595
13	$9,406,440	-$3,440,713 -$460,916	$5,504,811
14	$9,876,936	-$3,614,797 -$483,970	$5,778,169
15	$10,370,748	-$3,797,507 -$508,167	$6,065,074
16	$10,889,268	-$3,989,360 -$533,574	$6,366,334
17	$11,433,540	-$4,190,740 -$560,243	$6,682,557
18	$12,005,304	-$4,402,293 -$588,260	$7,014,751
19	$12,605,604	-$4,624,404 -$617,675	$7,363,525
20	$13,235,832	-$4,857,588 -$648,556	$7,729,688
21	$13,897,728	-$5,102,490 -$680,989	$8,114,249
22	$14,592,684	-$5,359,623 -$715,042	$8,518,019
23	$15,322,092	-$5,629,504 -$750,783	$8,941,805
24	$16,088,388	-$5,913,034 -$788,331	$9,387,023
25	$16,892,616	-$6,210,598 -$827,738	$9,854,280
26	$17,737,560	-$6,523,228 -$869,140	$10,345,192
27	$18,624,264	-$6,851,308 -$912,589	$10,860,367
28	$19,555,512	-$7,195,870 -$958,220	$11,401,422
29	$20,533,392	-$7,557,685 -$1,006,136	$11,969,571
30	$21,559,992	-$7,937,527 -$1,056,440	$12,566,025