Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 31, 2025 is estimated to be $754 Million, with a cash option of 352.8 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Arkansas MEGA Millions Jackpot/Cash Option for Fri Oct 31, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 31, 2025	$754,000,000	$352,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$352,800,000
Federal Tax(24%)	$84,672,000
Additional Federal Tax	$45,824,330
State Tax(4.9%)	$17,287,200
Net Lumpsum Payment	$205,016,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,348,454	-$4,159,258 -$556,074	$6,633,122
2	$11,916,216	-$4,369,330 -$583,895	$6,962,991
3	$12,511,876	-$4,589,725 -$613,082	$7,309,069
4	$13,137,696	-$4,821,278 -$643,747	$7,672,671
5	$13,794,430	-$5,064,269 -$675,927	$8,054,234
6	$14,484,340	-$5,319,536 -$709,733	$8,455,071
7	$15,208,180	-$5,587,357 -$745,201	$8,875,622
8	$15,968,966	-$5,868,848 -$782,479	$9,317,639
9	$16,767,452	-$6,164,288 -$821,605	$9,781,559
10	$17,605,900	-$6,474,513 -$862,689	$10,268,698
11	$18,485,818	-$6,800,083 -$905,805	$10,779,930
12	$19,410,222	-$7,142,113 -$951,101	$11,317,008
13	$20,380,620	-$7,501,160 -$998,650	$11,880,810
14	$21,400,028	-$7,878,341 -$1,048,601	$12,473,086
15	$22,469,954	-$8,274,213 -$1,101,028	$13,094,713
16	$23,593,414	-$8,689,894 -$1,156,077	$13,747,443
17	$24,772,670	-$9,126,218 -$1,213,861	$14,432,591
18	$26,011,492	-$9,584,582 -$1,274,563	$15,152,347
19	$27,312,142	-$10,065,823 -$1,338,295	$15,908,024
20	$28,677,636	-$10,571,056 -$1,405,204	$16,701,376
21	$30,111,744	-$11,101,676 -$1,475,475	$17,534,593
22	$31,617,482	-$11,658,799 -$1,549,257	$18,409,426
23	$33,197,866	-$12,243,541 -$1,626,695	$19,327,630
24	$34,858,174	-$12,857,855 -$1,708,051	$20,292,268
25	$36,600,668	-$13,502,578 -$1,793,433	$21,304,657
26	$38,431,380	-$14,179,941 -$1,883,138	$22,368,301
27	$40,352,572	-$14,890,782 -$1,977,276	$23,484,514
28	$42,370,276	-$15,637,333 -$2,076,144	$24,656,799
29	$44,489,016	-$16,421,266 -$2,179,962	$25,887,788
30	$46,713,316	-$17,244,257 -$2,288,952	$27,180,107