The jackpot for the MEGA Millions draw on Fri Mar 21, 2025, is projected to be $324 Million, with an option for a cash payout of $150.6 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 Mar 21, 2025 |
|---|
| Draw Date | Fri Mar 21, 2025 | | Projected Jackpot | $324,000,000 | | Cash Value | $150,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $150,600,000 | | Federal Tax(24%) | $36,144,000 | | Additional Federal Tax | $19,538,330 | | State Tax(4.9%) | $7,379,400 | | Net Lumpsum Payment | $87,538,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,876,524 |
$1,764,644
$238,950 |
$2,872,930 |
| 2 |
$5,120,496 |
$1,854,914
$250,904 |
$3,014,678 |
| 3 |
$5,376,456 |
$1,949,619
$263,446 |
$3,163,391 |
| 4 |
$5,645,376 |
$2,049,120
$276,623 |
$3,319,633 |
| 5 |
$5,927,580 |
$2,153,535
$290,451 |
$3,483,594 |
| 6 |
$6,224,040 |
$2,263,225
$304,978 |
$3,655,837 |
| 7 |
$6,535,080 |
$2,378,310
$320,219 |
$3,836,551 |
| 8 |
$6,861,996 |
$2,499,269
$336,238 |
$4,026,489 |
| 9 |
$7,205,112 |
$2,626,222
$353,050 |
$4,225,840 |
| 10 |
$7,565,400 |
$2,759,528
$370,705 |
$4,435,167 |
| 11 |
$7,943,508 |
$2,899,428
$389,232 |
$4,654,848 |
| 12 |
$8,340,732 |
$3,046,401
$408,696 |
$4,885,635 |
| 13 |
$8,757,720 |
$3,200,687
$429,128 |
$5,127,905 |
| 14 |
$9,195,768 |
$3,362,765
$450,593 |
$5,382,410 |
| 15 |
$9,655,524 |
$3,532,874
$473,121 |
$5,649,529 |
| 16 |
$10,138,284 |
$3,711,495
$496,776 |
$5,930,013 |
| 17 |
$10,645,020 |
$3,898,988
$521,606 |
$6,224,426 |
| 18 |
$11,177,352 |
$4,095,951
$547,690 |
$6,533,711 |
| 19 |
$11,736,252 |
$4,302,744
$575,076 |
$6,858,432 |
| 20 |
$12,323,016 |
$4,519,846
$603,828 |
$7,199,342 |
| 21 |
$12,939,264 |
$4,747,858
$634,024 |
$7,557,382 |
| 22 |
$13,586,292 |
$4,987,258
$665,728 |
$7,933,306 |
| 23 |
$14,265,396 |
$5,238,527
$699,004 |
$8,327,865 |
| 24 |
$14,978,844 |
$5,502,503
$733,963 |
$8,742,378 |
| 25 |
$15,727,608 |
$5,779,545
$770,653 |
$9,177,410 |
| 26 |
$16,514,280 |
$6,070,614
$809,200 |
$9,634,466 |
| 27 |
$17,339,832 |
$6,376,068
$849,652 |
$10,114,112 |
| 28 |
$18,206,856 |
$6,696,867
$892,136 |
$10,617,853 |
| 29 |
$19,117,296 |
$7,033,730
$936,748 |
$11,146,818 |
| 30 |
$20,073,096 |
$7,387,376
$983,582 |
$11,702,138 |
|
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