Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 25, 2025 is estimated to be $60 Million, with a cash option of 26.9 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Arkansas MEGA Millions Jackpot/Cash Option for Fri Apr 25, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 25, 2025	$60,000,000	$26,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$26,900,000
Federal Tax(24%)	$6,456,000
Additional Federal Tax	$3,457,330
State Tax(4.9%)	$1,318,100
Net Lumpsum Payment	$15,668,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$44,250	$564,347
2	$948,240	-$311,179 -$46,464	$590,597
3	$995,640	-$328,717 -$48,786	$618,137
4	$1,045,440	-$347,143 -$51,227	$647,070
5	$1,097,700	-$366,479 -$53,787	$677,434
6	$1,152,600	-$386,792 -$56,477	$709,331
7	$1,210,200	-$408,104 -$59,300	$742,796
8	$1,270,740	-$430,504 -$62,266	$777,970
9	$1,334,280	-$454,014 -$65,380	$814,886
10	$1,401,000	-$478,700 -$68,649	$853,651
11	$1,471,020	-$504,608 -$72,080	$894,332
12	$1,544,580	-$531,825 -$75,684	$937,071
13	$1,621,800	-$560,396 -$79,468	$981,936
14	$1,702,920	-$590,411 -$83,443	$1,029,066
15	$1,788,060	-$621,913 -$87,615	$1,078,532
16	$1,877,460	-$654,991 -$91,996	$1,130,473
17	$1,971,300	-$689,711 -$96,594	$1,184,995
18	$2,069,880	-$726,186 -$101,424	$1,242,270
19	$2,173,380	-$764,481 -$106,496	$1,302,403
20	$2,282,040	-$804,685 -$111,820	$1,365,535
21	$2,396,160	-$846,910 -$117,412	$1,431,838
22	$2,515,980	-$891,243 -$123,283	$1,501,454
23	$2,641,740	-$937,774 -$129,445	$1,574,521
24	$2,773,860	-$986,659 -$135,919	$1,651,282
25	$2,912,520	-$1,037,963 -$142,713	$1,731,844
26	$3,058,200	-$1,091,864 -$149,852	$1,816,484
27	$3,211,080	-$1,148,430 -$157,343	$1,905,307
28	$3,371,640	-$1,207,837 -$165,210	$1,998,593
29	$3,540,240	-$1,270,219 -$173,472	$2,096,549
30	$3,717,240	-$1,335,709 -$182,145	$2,199,386