The jackpot for the MEGA Millions draw on Tue Jul 7, 2026, is projected to be $576 Million, with an option for a cash payout of $253.9 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 Tue Jul 7, 2026 |
|---|
| Draw Date | Tue Jul 7, 2026 | | Projected Jackpot | $576,000,000 | | Cash Value | $253,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $253,900,000 | | Federal Tax(24%) | $60,936,000 | | Additional Federal Tax | $32,967,330 | | State Tax(4.9%) | $12,441,100 | | Net Lumpsum Payment | $147,555,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,669,376 |
$3,168,000
$424,799 |
$5,076,577 |
| 2 |
$9,103,104 |
$3,328,479
$446,052 |
$5,328,573 |
| 3 |
$9,558,144 |
$3,496,844
$468,349 |
$5,592,951 |
| 4 |
$10,036,224 |
$3,673,733
$491,775 |
$5,870,716 |
| 5 |
$10,537,920 |
$3,859,361
$516,358 |
$6,162,201 |
| 6 |
$11,064,960 |
$4,054,366
$542,183 |
$6,468,411 |
| 7 |
$11,617,920 |
$4,258,961
$569,278 |
$6,789,681 |
| 8 |
$12,199,104 |
$4,473,999
$597,756 |
$7,127,349 |
| 9 |
$12,809,088 |
$4,699,693
$627,645 |
$7,481,750 |
| 10 |
$13,449,600 |
$4,936,682
$659,030 |
$7,853,888 |
| 11 |
$14,121,792 |
$5,185,393
$691,968 |
$8,244,431 |
| 12 |
$14,827,968 |
$5,446,679
$726,570 |
$8,654,719 |
| 13 |
$15,569,280 |
$5,720,964
$762,895 |
$9,085,421 |
| 14 |
$16,348,032 |
$6,009,102
$801,054 |
$9,537,876 |
| 15 |
$17,165,376 |
$6,311,520
$841,103 |
$10,012,753 |
| 16 |
$18,023,616 |
$6,629,068
$883,157 |
$10,511,391 |
| 17 |
$18,924,480 |
$6,962,388
$927,300 |
$11,034,792 |
| 18 |
$19,870,848 |
$7,312,544
$973,672 |
$11,584,632 |
| 19 |
$20,864,448 |
$7,680,176
$1,022,358 |
$12,161,914 |
| 20 |
$21,907,584 |
$8,066,136
$1,073,472 |
$12,767,976 |
| 21 |
$23,003,136 |
$8,471,491
$1,127,154 |
$13,404,491 |
| 22 |
$24,153,408 |
$8,897,091
$1,183,517 |
$14,072,800 |
| 23 |
$25,360,704 |
$9,343,791
$1,242,674 |
$14,774,239 |
| 24 |
$26,629,056 |
$9,813,081
$1,304,824 |
$15,511,151 |
| 25 |
$27,960,192 |
$10,305,601
$1,370,049 |
$16,284,542 |
| 26 |
$29,358,720 |
$10,823,057
$1,438,577 |
$17,097,086 |
| 27 |
$30,826,368 |
$11,366,087
$1,510,492 |
$17,949,789 |
| 28 |
$32,367,744 |
$11,936,396
$1,586,019 |
$18,845,329 |
| 29 |
$33,986,304 |
$12,535,263
$1,665,329 |
$19,785,712 |
| 30 |
$35,685,504 |
$13,163,967
$1,748,590 |
$20,772,947 |
|
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