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 |
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Draw Date | Fri Mar 21, 2025 | Projected Jackpot | $324,000,000 | Cash Value | $150,600,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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