The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(4.9%) | $5,502,700 | | Net Lumpsum Payment | $65,285,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$185,112 |
$2,234,572 |
| 2 |
$3,966,804 |
$1,428,048
$194,373 |
$2,344,383 |
| 3 |
$4,165,094 |
$1,501,415
$204,090 |
$2,459,589 |
| 4 |
$4,373,424 |
$1,578,497
$214,298 |
$2,580,629 |
| 5 |
$4,592,045 |
$1,659,387
$225,010 |
$2,707,648 |
| 6 |
$4,821,710 |
$1,744,363
$236,264 |
$2,841,083 |
| 7 |
$5,062,670 |
$1,833,518
$248,071 |
$2,981,081 |
| 8 |
$5,315,929 |
$1,927,224
$260,481 |
$3,128,224 |
| 9 |
$5,581,738 |
$2,025,573
$273,505 |
$3,282,660 |
| 10 |
$5,860,850 |
$2,128,845
$287,182 |
$3,444,823 |
| 11 |
$6,153,767 |
$2,237,224
$301,535 |
$3,615,008 |
| 12 |
$6,461,493 |
$2,351,083
$316,613 |
$3,793,797 |
| 13 |
$6,784,530 |
$2,470,606
$332,442 |
$3,981,482 |
| 14 |
$7,123,882 |
$2,596,167
$349,070 |
$4,178,645 |
| 15 |
$7,480,051 |
$2,727,949
$366,522 |
$4,385,580 |
| 16 |
$7,854,041 |
$2,866,326
$384,848 |
$4,602,867 |
| 17 |
$8,246,605 |
$3,011,574
$404,084 |
$4,830,947 |
| 18 |
$8,658,998 |
$3,164,160
$424,291 |
$5,070,547 |
| 19 |
$9,091,973 |
$3,324,360
$445,507 |
$5,322,106 |
| 20 |
$9,546,534 |
$3,492,548
$467,780 |
$5,586,206 |
| 21 |
$10,023,936 |
$3,669,187
$491,173 |
$5,863,576 |
| 22 |
$10,525,183 |
$3,854,648
$515,734 |
$6,154,801 |
| 23 |
$11,051,279 |
$4,049,304
$541,513 |
$6,460,462 |
| 24 |
$11,603,981 |
$4,253,803
$568,595 |
$6,781,583 |
| 25 |
$12,184,042 |
$4,468,426
$597,018 |
$7,118,598 |
| 26 |
$12,793,470 |
$4,693,914
$626,880 |
$7,472,676 |
| 27 |
$13,433,018 |
$4,930,547
$658,218 |
$7,844,253 |
| 28 |
$14,104,694 |
$5,179,067
$691,130 |
$8,234,497 |
| 29 |
$14,810,004 |
$5,440,032
$725,690 |
$8,644,282 |
| 30 |
$15,550,454 |
$5,713,998
$761,972 |
$9,074,484 |
|
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