Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 3, 2026 is estimated to be $473 Million, with a cash option of 221.8 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 Tue Mar 3, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 3, 2026	$473,000,000	$221,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$221,800,000
Federal Tax(24%)	$53,232,000
Additional Federal Tax	$28,794,330
State Tax(4.9%)	$10,868,200
Net Lumpsum Payment	$128,905,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,119,123	-$2,594,406 -$348,837	$4,175,880
2	$7,475,292	-$2,726,188 -$366,289	$4,382,815
3	$7,848,962	-$2,864,446 -$384,599	$4,599,917
4	$8,241,552	-$3,009,705 -$403,836	$4,828,011
5	$8,653,535	-$3,162,138 -$424,023	$5,067,374
6	$9,086,330	-$3,322,272 -$445,230	$5,318,828
7	$9,540,410	-$3,490,282 -$467,480	$5,582,648
8	$10,017,667	-$3,666,867 -$490,866	$5,859,934
9	$10,518,574	-$3,852,203 -$515,410	$6,150,961
10	$11,044,550	-$4,046,814 -$541,183	$6,456,553
11	$11,596,541	-$4,251,051 -$568,231	$6,777,259
12	$12,176,439	-$4,465,613 -$596,646	$7,114,180
13	$12,785,190	-$4,690,851 -$626,474	$7,467,865
14	$13,424,686	-$4,927,464 -$657,810	$7,839,412
15	$14,095,873	-$5,175,803 -$690,698	$8,229,372
16	$14,800,643	-$5,436,568 -$725,232	$8,638,843
17	$15,540,415	-$5,710,284 -$761,480	$9,068,651
18	$16,317,554	-$5,997,825 -$799,560	$9,520,169
19	$17,133,479	-$6,299,718 -$839,540	$9,994,221
20	$17,990,082	-$6,616,661 -$881,514	$10,491,907
21	$18,889,728	-$6,949,530 -$925,597	$11,014,601
22	$19,834,309	-$7,299,025 -$971,881	$11,563,403
23	$20,825,717	-$7,665,846 -$1,020,460	$12,139,411
24	$21,867,263	-$8,051,218 -$1,071,496	$12,744,549
25	$22,960,366	-$8,455,666 -$1,125,058	$13,379,642
26	$24,108,810	-$8,880,590 -$1,181,332	$14,046,888
27	$25,314,014	-$9,326,516 -$1,240,387	$14,747,111
28	$26,579,762	-$9,794,842 -$1,302,408	$15,482,512
29	$27,908,892	-$10,286,620 -$1,367,536	$16,254,736
30	$29,304,242	-$10,802,900 -$1,435,908	$17,065,434