Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 12, 2025 is estimated to be $182 Million, with a cash option of 82.1 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 Tue Aug 12, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 12, 2025	$182,000,000	$82,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,100,000
Federal Tax(24%)	$19,704,000
Additional Federal Tax	$10,633,330
State Tax(4.9%)	$4,022,900
Net Lumpsum Payment	$47,739,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,739,282	-$973,865 -$134,225	$1,631,192
2	$2,876,328	-$1,024,572 -$140,940	$1,710,816
3	$3,020,108	-$1,077,770 -$147,985	$1,794,353
4	$3,171,168	-$1,133,663 -$155,387	$1,882,118
5	$3,329,690	-$1,192,316 -$163,155	$1,974,219
6	$3,496,220	-$1,253,932 -$171,315	$2,070,973
7	$3,670,940	-$1,318,578 -$179,876	$2,172,486
8	$3,854,578	-$1,386,524 -$188,874	$2,279,180
9	$4,047,316	-$1,457,837 -$198,318	$2,391,161
10	$4,249,700	-$1,532,719 -$208,235	$2,508,746
11	$4,462,094	-$1,611,305 -$218,643	$2,632,146
12	$4,685,226	-$1,693,864 -$229,576	$2,761,786
13	$4,919,460	-$1,780,531 -$241,054	$2,897,875
14	$5,165,524	-$1,871,574 -$253,111	$3,040,839
15	$5,423,782	-$1,967,130 -$265,765	$3,190,887
16	$5,694,962	-$2,067,466 -$279,053	$3,348,443
17	$5,979,610	-$2,172,786 -$293,001	$3,513,823
18	$6,278,636	-$2,283,426 -$307,653	$3,687,557
19	$6,592,586	-$2,399,587 -$323,037	$3,869,962
20	$6,922,188	-$2,521,540 -$339,187	$4,061,461
21	$7,268,352	-$2,649,621 -$356,149	$4,262,582
22	$7,631,806	-$2,784,099 -$373,958	$4,473,749
23	$8,013,278	-$2,925,243 -$392,651	$4,695,384
24	$8,414,042	-$3,073,526 -$412,288	$4,928,228
25	$8,834,644	-$3,229,149 -$432,898	$5,172,597
26	$9,276,540	-$3,392,650 -$454,550	$5,429,340
27	$9,740,276	-$3,564,233 -$477,274	$5,698,769
28	$10,227,308	-$3,744,434 -$501,138	$5,981,736
29	$10,738,728	-$3,933,660 -$526,198	$6,278,870
30	$11,275,628	-$4,132,313 -$552,506	$6,590,809