Arkansas Lottery

ARLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 12, 2026 is estimated to be $232 Million, with a cash option of 103.8 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 May 12, 2026

Draw Date	Jackpot	Cash Option
Tue May 12, 2026	$232,000,000	$103,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$103,800,000
Federal Tax(24%)	$24,912,000
Additional Federal Tax	$13,454,330
State Tax(4.9%)	$5,086,200
Net Lumpsum Payment	$60,347,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,491,832	-$1,252,308 -$171,100	$2,068,424
2	$3,666,528	-$1,316,946 -$179,660	$2,169,922
3	$3,849,808	-$1,384,759 -$188,641	$2,276,408
4	$4,042,368	-$1,456,007 -$198,076	$2,388,285
5	$4,244,440	-$1,530,773 -$207,978	$2,505,689
6	$4,456,720	-$1,609,317 -$218,379	$2,629,024
7	$4,679,440	-$1,691,723 -$229,293	$2,758,424
8	$4,913,528	-$1,778,336 -$240,763	$2,894,429
9	$5,159,216	-$1,869,240 -$252,802	$3,037,174
10	$5,417,200	-$1,964,694 -$265,443	$3,187,063
11	$5,687,944	-$2,064,870 -$278,709	$3,344,365
12	$5,972,376	-$2,170,110 -$292,646	$3,509,620
13	$6,270,960	-$2,280,586 -$307,277	$3,683,097
14	$6,584,624	-$2,396,641 -$322,647	$3,865,336
15	$6,913,832	-$2,518,448 -$338,778	$4,056,606
16	$7,259,512	-$2,646,350 -$355,716	$4,257,446
17	$7,622,360	-$2,780,604 -$373,496	$4,468,260
18	$8,003,536	-$2,921,639 -$392,173	$4,689,724
19	$8,403,736	-$3,069,713 -$411,783	$4,922,240
20	$8,823,888	-$3,225,169 -$432,371	$5,166,348
21	$9,265,152	-$3,388,437 -$453,992	$5,422,723
22	$9,728,456	-$3,559,859 -$476,694	$5,691,903
23	$10,214,728	-$3,739,780 -$500,522	$5,974,426
24	$10,725,592	-$3,928,799 -$525,554	$6,271,239
25	$11,261,744	-$4,127,176 -$551,825	$6,582,743
26	$11,825,040	-$4,335,595 -$579,427	$6,910,018
27	$12,416,176	-$4,554,316 -$608,393	$7,253,467
28	$13,037,008	-$4,784,023 -$638,813	$7,614,172
29	$13,688,928	-$5,025,234 -$670,757	$7,992,937
30	$14,373,328	-$5,278,462 -$704,293	$8,390,573