Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 16, 2026 is estimated to be $230 Million, with a cash option of 105.1 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 Jan 16, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 16, 2026	$230,000,000	$105,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$105,100,000
Federal Tax(24%)	$25,224,000
Additional Federal Tax	$13,623,330
State Tax(4.9%)	$5,149,900
Net Lumpsum Payment	$61,102,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,461,730	-$1,241,170 -$169,625	$2,050,935
2	$3,634,920	-$1,305,251 -$178,111	$2,151,558
3	$3,816,620	-$1,372,480 -$187,014	$2,257,126
4	$4,007,520	-$1,443,113 -$196,368	$2,368,039
5	$4,207,850	-$1,517,235 -$206,185	$2,484,430
6	$4,418,300	-$1,595,101 -$216,497	$2,606,702
7	$4,639,100	-$1,676,797 -$227,316	$2,734,987
8	$4,871,170	-$1,762,663 -$238,687	$2,869,820
9	$5,114,740	-$1,852,784 -$250,622	$3,011,334
10	$5,370,500	-$1,947,415 -$263,155	$3,159,930
11	$5,638,910	-$2,046,727 -$276,307	$3,315,876
12	$5,920,890	-$2,151,060 -$290,124	$3,479,706
13	$6,216,900	-$2,260,583 -$304,628	$3,651,689
14	$6,527,860	-$2,375,639 -$319,865	$3,832,356
15	$6,854,230	-$2,496,395 -$335,857	$4,021,978
16	$7,196,930	-$2,623,194 -$352,650	$4,221,086
17	$7,556,650	-$2,756,291 -$370,276	$4,430,083
18	$7,934,540	-$2,896,110 -$388,792	$4,649,638
19	$8,331,290	-$3,042,908 -$408,233	$4,880,149
20	$8,747,820	-$3,197,024 -$428,643	$5,122,153
21	$9,185,280	-$3,358,884 -$450,079	$5,376,317
22	$9,644,590	-$3,528,829 -$472,585	$5,643,176
23	$10,126,670	-$3,707,198 -$496,207	$5,923,265
24	$10,633,130	-$3,894,588 -$521,023	$6,217,519
25	$11,164,660	-$4,091,255 -$547,068	$6,526,337
26	$11,723,100	-$4,297,877 -$574,432	$6,850,791
27	$12,309,140	-$4,514,712 -$603,148	$7,191,280
28	$12,924,620	-$4,742,440 -$633,306	$7,548,874
29	$13,570,920	-$4,981,571 -$664,975	$7,924,374
30	$14,249,420	-$5,232,616 -$698,222	$8,318,582