The jackpot for the MEGA Millions draw on Fri Jul 4, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Jul 4, 2025 |
|---|
| Draw Date | Fri Jul 4, 2025 | | Projected Jackpot | $60,000,000 | | Cash Value | $26,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $26,900,000 | | Federal Tax(24%) | $6,456,000 | | Additional Federal Tax | $3,457,330 | | State Tax(4.9%) | $1,318,100 | | Net Lumpsum Payment | $15,668,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$903,060 |
$294,463
$44,250 |
$564,347 |
| 2 |
$948,240 |
$311,179
$46,464 |
$590,597 |
| 3 |
$995,640 |
$328,717
$48,786 |
$618,137 |
| 4 |
$1,045,440 |
$347,143
$51,227 |
$647,070 |
| 5 |
$1,097,700 |
$366,479
$53,787 |
$677,434 |
| 6 |
$1,152,600 |
$386,792
$56,477 |
$709,331 |
| 7 |
$1,210,200 |
$408,104
$59,300 |
$742,796 |
| 8 |
$1,270,740 |
$430,504
$62,266 |
$777,970 |
| 9 |
$1,334,280 |
$454,014
$65,380 |
$814,886 |
| 10 |
$1,401,000 |
$478,700
$68,649 |
$853,651 |
| 11 |
$1,471,020 |
$504,608
$72,080 |
$894,332 |
| 12 |
$1,544,580 |
$531,825
$75,684 |
$937,071 |
| 13 |
$1,621,800 |
$560,396
$79,468 |
$981,936 |
| 14 |
$1,702,920 |
$590,411
$83,443 |
$1,029,066 |
| 15 |
$1,788,060 |
$621,913
$87,615 |
$1,078,532 |
| 16 |
$1,877,460 |
$654,991
$91,996 |
$1,130,473 |
| 17 |
$1,971,300 |
$689,711
$96,594 |
$1,184,995 |
| 18 |
$2,069,880 |
$726,186
$101,424 |
$1,242,270 |
| 19 |
$2,173,380 |
$764,481
$106,496 |
$1,302,403 |
| 20 |
$2,282,040 |
$804,685
$111,820 |
$1,365,535 |
| 21 |
$2,396,160 |
$846,910
$117,412 |
$1,431,838 |
| 22 |
$2,515,980 |
$891,243
$123,283 |
$1,501,454 |
| 23 |
$2,641,740 |
$937,774
$129,445 |
$1,574,521 |
| 24 |
$2,773,860 |
$986,659
$135,919 |
$1,651,282 |
| 25 |
$2,912,520 |
$1,037,963
$142,713 |
$1,731,844 |
| 26 |
$3,058,200 |
$1,091,864
$149,852 |
$1,816,484 |
| 27 |
$3,211,080 |
$1,148,430
$157,343 |
$1,905,307 |
| 28 |
$3,371,640 |
$1,207,837
$165,210 |
$1,998,593 |
| 29 |
$3,540,240 |
$1,270,219
$173,472 |
$2,096,549 |
| 30 |
$3,717,240 |
$1,335,709
$182,145 |
$2,199,386 |
|
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