The jackpot for the MEGA Millions draw on Tue May 12, 2026, is projected to be $232 Million, with an option for a cash payout of $103.8 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 May 12, 2026 |
|---|
| Draw Date | Tue May 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $103,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,800,000 | | Federal Tax(24%) | $24,912,000 | | Additional Federal Tax | $13,454,330 | | State Tax(4.9%) | $5,086,200 | | Net Lumpsum Payment | $60,347,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$171,100 |
$2,068,424 |
| 2 |
$3,666,528 |
$1,316,946
$179,660 |
$2,169,922 |
| 3 |
$3,849,808 |
$1,384,759
$188,641 |
$2,276,408 |
| 4 |
$4,042,368 |
$1,456,007
$198,076 |
$2,388,285 |
| 5 |
$4,244,440 |
$1,530,773
$207,978 |
$2,505,689 |
| 6 |
$4,456,720 |
$1,609,317
$218,379 |
$2,629,024 |
| 7 |
$4,679,440 |
$1,691,723
$229,293 |
$2,758,424 |
| 8 |
$4,913,528 |
$1,778,336
$240,763 |
$2,894,429 |
| 9 |
$5,159,216 |
$1,869,240
$252,802 |
$3,037,174 |
| 10 |
$5,417,200 |
$1,964,694
$265,443 |
$3,187,063 |
| 11 |
$5,687,944 |
$2,064,870
$278,709 |
$3,344,365 |
| 12 |
$5,972,376 |
$2,170,110
$292,646 |
$3,509,620 |
| 13 |
$6,270,960 |
$2,280,586
$307,277 |
$3,683,097 |
| 14 |
$6,584,624 |
$2,396,641
$322,647 |
$3,865,336 |
| 15 |
$6,913,832 |
$2,518,448
$338,778 |
$4,056,606 |
| 16 |
$7,259,512 |
$2,646,350
$355,716 |
$4,257,446 |
| 17 |
$7,622,360 |
$2,780,604
$373,496 |
$4,468,260 |
| 18 |
$8,003,536 |
$2,921,639
$392,173 |
$4,689,724 |
| 19 |
$8,403,736 |
$3,069,713
$411,783 |
$4,922,240 |
| 20 |
$8,823,888 |
$3,225,169
$432,371 |
$5,166,348 |
| 21 |
$9,265,152 |
$3,388,437
$453,992 |
$5,422,723 |
| 22 |
$9,728,456 |
$3,559,859
$476,694 |
$5,691,903 |
| 23 |
$10,214,728 |
$3,739,780
$500,522 |
$5,974,426 |
| 24 |
$10,725,592 |
$3,928,799
$525,554 |
$6,271,239 |
| 25 |
$11,261,744 |
$4,127,176
$551,825 |
$6,582,743 |
| 26 |
$11,825,040 |
$4,335,595
$579,427 |
$6,910,018 |
| 27 |
$12,416,176 |
$4,554,316
$608,393 |
$7,253,467 |
| 28 |
$13,037,008 |
$4,784,023
$638,813 |
$7,614,172 |
| 29 |
$13,688,928 |
$5,025,234
$670,757 |
$7,992,937 |
| 30 |
$14,373,328 |
$5,278,462
$704,293 |
$8,390,573 |
|
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