Jackpot Analysis Arkansas Mega Millions

Jackpot Analysis for Arkansas Mega Millions
The jackpot for the MEGA Millions draw on , is projected to be $, with an option for a cash payout of $. 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 those living in Arkansas, the bright side is you won't have to pay any state taxes on your lottery prize.

Arkansas MEGA Millions Jackpot/Cash Option for
Draw Date
Projected Jackpot$0
Cash Value$0

Lumpsum Option Taxes and Payment
Cash Gross Payment$0
Federal Tax(24%)$0
Additional Federal Tax$0
State Tax(%)$0
Net Lumpsum Payment$0
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment