Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(4.9%)	$13,622,000
Net Lumpsum Payment	$161,557,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$469,787	$5,609,999
2	$10,067,148	-$3,685,175 -$493,290	$5,888,683
3	$10,570,378	-$3,871,370 -$517,949	$6,181,059
4	$11,099,088	-$4,066,993 -$543,855	$6,488,240
5	$11,653,915	-$4,272,279 -$571,042	$6,810,594
6	$12,236,770	-$4,487,935 -$599,602	$7,149,233
7	$12,848,290	-$4,714,198 -$629,566	$7,504,526
8	$13,491,023	-$4,952,009 -$661,060	$7,877,954
9	$14,165,606	-$5,201,605 -$694,115	$8,269,886
10	$14,873,950	-$5,463,692 -$728,824	$8,681,434
11	$15,617,329	-$5,738,742 -$765,249	$9,113,338
12	$16,398,291	-$6,027,698 -$803,516	$9,567,077
13	$17,218,110	-$6,331,031 -$843,687	$10,043,392
14	$18,079,334	-$6,649,684 -$885,887	$10,543,763
15	$18,983,237	-$6,984,128 -$930,179	$11,068,930
16	$19,932,367	-$7,335,306 -$976,686	$11,620,375
17	$20,928,635	-$7,703,925 -$1,025,503	$12,199,207
18	$21,975,226	-$8,091,164 -$1,076,786	$12,807,276
19	$23,074,051	-$8,497,729 -$1,130,628	$13,445,694
20	$24,227,658	-$8,924,564 -$1,187,155	$14,115,939
21	$25,439,232	-$9,372,846 -$1,246,522	$14,819,864
22	$26,711,321	-$9,843,519 -$1,308,855	$15,558,947
23	$28,046,473	-$10,337,525 -$1,374,277	$16,334,671
24	$29,449,147	-$10,856,515 -$1,443,008	$17,149,624
25	$30,921,254	-$11,401,194 -$1,515,141	$18,004,919
26	$32,467,890	-$11,973,450 -$1,590,927	$18,903,513
27	$34,090,966	-$12,573,988 -$1,670,457	$19,846,521
28	$35,795,578	-$13,204,694 -$1,753,983	$20,836,901
29	$37,585,548	-$13,866,983 -$1,841,692	$21,876,873
30	$39,464,698	-$14,562,269 -$1,933,770	$22,968,659