The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(4.9%) | $3,376,100 | | Net Lumpsum Payment | $40,070,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$118,000 |
$1,438,810 |
| 2 |
$2,528,640 |
$895,927
$123,903 |
$1,508,810 |
| 3 |
$2,655,040 |
$942,695
$130,097 |
$1,582,248 |
| 4 |
$2,787,840 |
$991,831
$136,604 |
$1,659,405 |
| 5 |
$2,927,200 |
$1,043,394
$143,433 |
$1,740,373 |
| 6 |
$3,073,600 |
$1,097,562
$150,606 |
$1,825,432 |
| 7 |
$3,227,200 |
$1,154,394
$158,133 |
$1,914,673 |
| 8 |
$3,388,640 |
$1,214,127
$166,043 |
$2,008,470 |
| 9 |
$3,558,080 |
$1,276,820
$174,346 |
$2,106,914 |
| 10 |
$3,736,000 |
$1,342,650
$183,064 |
$2,210,286 |
| 11 |
$3,922,720 |
$1,411,737
$192,213 |
$2,318,770 |
| 12 |
$4,118,880 |
$1,484,316
$201,825 |
$2,432,739 |
| 13 |
$4,324,800 |
$1,560,506
$211,915 |
$2,552,379 |
| 14 |
$4,541,120 |
$1,640,545
$222,515 |
$2,678,060 |
| 15 |
$4,768,160 |
$1,724,550
$233,640 |
$2,809,970 |
| 16 |
$5,006,560 |
$1,812,758
$245,321 |
$2,948,481 |
| 17 |
$5,256,800 |
$1,905,346
$257,583 |
$3,093,871 |
| 18 |
$5,519,680 |
$2,002,612
$270,464 |
$3,246,604 |
| 19 |
$5,795,680 |
$2,104,732
$283,988 |
$3,406,960 |
| 20 |
$6,085,440 |
$2,211,943
$298,187 |
$3,575,310 |
| 21 |
$6,389,760 |
$2,324,542
$313,098 |
$3,752,120 |
| 22 |
$6,709,280 |
$2,442,764
$328,755 |
$3,937,761 |
| 23 |
$7,044,640 |
$2,566,847
$345,187 |
$4,132,606 |
| 24 |
$7,396,960 |
$2,697,206
$362,451 |
$4,337,303 |
| 25 |
$7,766,720 |
$2,834,017
$380,569 |
$4,552,134 |
| 26 |
$8,155,200 |
$2,977,754
$399,605 |
$4,777,841 |
| 27 |
$8,562,880 |
$3,128,596
$419,581 |
$5,014,703 |
| 28 |
$8,991,040 |
$3,287,015
$440,561 |
$5,263,464 |
| 29 |
$9,440,640 |
$3,453,367
$462,591 |
$5,524,682 |
| 30 |
$9,912,640 |
$3,628,007
$485,719 |
$5,798,914 |
|
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