The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(4.9%) | $7,139,300 | | Net Lumpsum Payment | $84,691,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$240,425 |
$2,890,419 |
| 2 |
$5,152,104 |
$1,866,609
$252,453 |
$3,033,042 |
| 3 |
$5,409,644 |
$1,961,899
$265,073 |
$3,182,672 |
| 4 |
$5,680,224 |
$2,062,013
$278,331 |
$3,339,880 |
| 5 |
$5,964,170 |
$2,167,073
$292,244 |
$3,504,853 |
| 6 |
$6,262,460 |
$2,277,441
$306,861 |
$3,678,158 |
| 7 |
$6,575,420 |
$2,393,236
$322,196 |
$3,859,988 |
| 8 |
$6,904,354 |
$2,514,941
$338,313 |
$4,051,100 |
| 9 |
$7,249,588 |
$2,642,678
$355,230 |
$4,251,680 |
| 10 |
$7,612,100 |
$2,776,807
$372,993 |
$4,462,300 |
| 11 |
$7,992,542 |
$2,917,571
$391,635 |
$4,683,336 |
| 12 |
$8,392,218 |
$3,065,451
$411,219 |
$4,915,548 |
| 13 |
$8,811,780 |
$3,220,689
$431,777 |
$5,159,314 |
| 14 |
$9,252,532 |
$3,383,767
$453,374 |
$5,415,391 |
| 15 |
$9,715,126 |
$3,554,927
$476,041 |
$5,684,158 |
| 16 |
$10,200,866 |
$3,734,651
$499,842 |
$5,966,373 |
| 17 |
$10,710,730 |
$3,923,300
$524,826 |
$6,262,604 |
| 18 |
$11,246,348 |
$4,121,479
$551,071 |
$6,573,798 |
| 19 |
$11,808,698 |
$4,329,549
$578,626 |
$6,900,523 |
| 20 |
$12,399,084 |
$4,547,991
$607,555 |
$7,243,538 |
| 21 |
$13,019,136 |
$4,777,411
$637,938 |
$7,603,787 |
| 22 |
$13,670,158 |
$5,018,289
$669,838 |
$7,982,031 |
| 23 |
$14,353,454 |
$5,271,108
$703,319 |
$8,379,027 |
| 24 |
$15,071,306 |
$5,536,714
$738,494 |
$8,796,098 |
| 25 |
$15,824,692 |
$5,815,466
$775,410 |
$9,233,816 |
| 26 |
$16,616,220 |
$6,108,332
$814,195 |
$9,693,693 |
| 27 |
$17,446,868 |
$6,415,672
$854,897 |
$10,176,299 |
| 28 |
$18,319,244 |
$6,738,451
$897,643 |
$10,683,150 |
| 29 |
$19,235,304 |
$7,077,393
$942,530 |
$11,215,381 |
| 30 |
$20,197,004 |
$7,433,222
$989,653 |
$11,774,129 |
|
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