The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(4.9%) | $2,420,600 | | Net Lumpsum Payment | $28,741,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$81,125 |
$1,001,579 |
| 2 |
$1,738,440 |
$603,553
$85,184 |
$1,049,703 |
| 3 |
$1,825,340 |
$635,706
$89,442 |
$1,100,192 |
| 4 |
$1,916,640 |
$669,487
$93,915 |
$1,153,238 |
| 5 |
$2,012,450 |
$704,937
$98,610 |
$1,208,903 |
| 6 |
$2,113,100 |
$742,177
$103,542 |
$1,267,381 |
| 7 |
$2,218,700 |
$781,249
$108,716 |
$1,328,735 |
| 8 |
$2,329,690 |
$822,316
$114,155 |
$1,393,219 |
| 9 |
$2,446,180 |
$865,417
$119,863 |
$1,460,900 |
| 10 |
$2,568,500 |
$910,675
$125,857 |
$1,531,968 |
| 11 |
$2,696,870 |
$958,172
$132,147 |
$1,606,551 |
| 12 |
$2,831,730 |
$1,008,070
$138,755 |
$1,684,905 |
| 13 |
$2,973,300 |
$1,060,451
$145,692 |
$1,767,157 |
| 14 |
$3,122,020 |
$1,115,478
$152,979 |
$1,853,563 |
| 15 |
$3,278,110 |
$1,173,231
$160,627 |
$1,944,252 |
| 16 |
$3,442,010 |
$1,233,874
$168,658 |
$2,039,478 |
| 17 |
$3,614,050 |
$1,297,529
$177,088 |
$2,139,433 |
| 18 |
$3,794,780 |
$1,364,399
$185,944 |
$2,244,437 |
| 19 |
$3,984,530 |
$1,434,606
$195,242 |
$2,354,682 |
| 20 |
$4,183,740 |
$1,508,314
$205,003 |
$2,470,423 |
| 21 |
$4,392,960 |
$1,585,726
$215,255 |
$2,591,979 |
| 22 |
$4,612,630 |
$1,667,003
$226,019 |
$2,719,608 |
| 23 |
$4,843,190 |
$1,752,311
$237,316 |
$2,853,563 |
| 24 |
$5,085,410 |
$1,841,932
$249,185 |
$2,994,293 |
| 25 |
$5,339,620 |
$1,935,990
$261,641 |
$3,141,989 |
| 26 |
$5,606,700 |
$2,034,809
$274,728 |
$3,297,163 |
| 27 |
$5,886,980 |
$2,138,513
$288,462 |
$3,460,005 |
| 28 |
$6,181,340 |
$2,247,426
$302,886 |
$3,631,028 |
| 29 |
$6,490,440 |
$2,361,793
$318,032 |
$3,810,615 |
| 30 |
$6,814,940 |
$2,481,858
$333,932 |
$3,999,150 |
|
|
