The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas MEGA Millions Jackpot/Cash Option for Tue Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(4.9%) | $6,178,900 | | Net Lumpsum Payment | $73,303,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$206,500 |
$2,488,166 |
| 2 |
$4,425,120 |
$1,597,625
$216,831 |
$2,610,664 |
| 3 |
$4,646,320 |
$1,679,469
$227,670 |
$2,739,181 |
| 4 |
$4,878,720 |
$1,765,457
$239,057 |
$2,874,206 |
| 5 |
$5,122,600 |
$1,855,692
$251,007 |
$3,015,901 |
| 6 |
$5,378,800 |
$1,950,486
$263,561 |
$3,164,753 |
| 7 |
$5,647,600 |
$2,049,942
$276,732 |
$3,320,926 |
| 8 |
$5,930,120 |
$2,154,475
$290,576 |
$3,485,069 |
| 9 |
$6,226,640 |
$2,264,187
$305,105 |
$3,657,348 |
| 10 |
$6,538,000 |
$2,379,390
$320,362 |
$3,838,248 |
| 11 |
$6,864,760 |
$2,500,292
$336,373 |
$4,028,095 |
| 12 |
$7,208,040 |
$2,627,305
$353,194 |
$4,227,541 |
| 13 |
$7,568,400 |
$2,760,638
$370,852 |
$4,436,910 |
| 14 |
$7,946,960 |
$2,900,706
$389,401 |
$4,656,853 |
| 15 |
$8,344,280 |
$3,047,714
$408,870 |
$4,887,696 |
| 16 |
$8,761,480 |
$3,202,078
$429,313 |
$5,130,089 |
| 17 |
$9,199,400 |
$3,364,108
$450,771 |
$5,384,521 |
| 18 |
$9,659,440 |
$3,534,323
$473,313 |
$5,651,804 |
| 19 |
$10,142,440 |
$3,713,033
$496,980 |
$5,932,427 |
| 20 |
$10,649,520 |
$3,900,653
$521,826 |
$6,227,041 |
| 21 |
$11,182,080 |
$4,097,700
$547,922 |
$6,536,458 |
| 22 |
$11,741,240 |
$4,304,589
$575,321 |
$6,861,330 |
| 23 |
$12,328,120 |
$4,521,735
$604,078 |
$7,202,307 |
| 24 |
$12,944,680 |
$4,749,862
$634,289 |
$7,560,529 |
| 25 |
$13,591,760 |
$4,989,282
$665,996 |
$7,936,482 |
| 26 |
$14,271,600 |
$5,240,822
$699,308 |
$8,331,470 |
| 27 |
$14,985,040 |
$5,504,795
$734,267 |
$8,745,978 |
| 28 |
$15,734,320 |
$5,782,029
$770,982 |
$9,181,309 |
| 29 |
$16,521,120 |
$6,073,145
$809,535 |
$9,638,440 |
| 30 |
$17,347,120 |
$6,378,765
$850,009 |
$10,118,346 |
|
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