The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(4.9%) | $3,327,100 | | Net Lumpsum Payment | $39,489,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$110,625 |
$1,351,364 |
| 2 |
$2,370,600 |
$837,452
$116,159 |
$1,416,989 |
| 3 |
$2,489,100 |
$881,297
$121,966 |
$1,485,837 |
| 4 |
$2,613,600 |
$927,362
$128,066 |
$1,558,172 |
| 5 |
$2,744,250 |
$975,703
$134,468 |
$1,634,079 |
| 6 |
$2,881,500 |
$1,026,485
$141,194 |
$1,713,821 |
| 7 |
$3,025,500 |
$1,079,765
$148,250 |
$1,797,485 |
| 8 |
$3,176,850 |
$1,135,765
$155,666 |
$1,885,419 |
| 9 |
$3,335,700 |
$1,194,539
$163,449 |
$1,977,712 |
| 10 |
$3,502,500 |
$1,256,255
$171,623 |
$2,074,622 |
| 11 |
$3,677,550 |
$1,321,024
$180,200 |
$2,176,326 |
| 12 |
$3,861,450 |
$1,389,067
$189,211 |
$2,283,172 |
| 13 |
$4,054,500 |
$1,460,495
$198,671 |
$2,395,334 |
| 14 |
$4,257,300 |
$1,535,531
$208,608 |
$2,513,161 |
| 15 |
$4,470,150 |
$1,614,286
$219,037 |
$2,636,827 |
| 16 |
$4,693,650 |
$1,696,981
$229,989 |
$2,766,680 |
| 17 |
$4,928,250 |
$1,783,783
$241,484 |
$2,902,983 |
| 18 |
$5,174,700 |
$1,874,969
$253,560 |
$3,046,171 |
| 19 |
$5,433,450 |
$1,970,707
$266,239 |
$3,196,504 |
| 20 |
$5,705,100 |
$2,071,217
$279,550 |
$3,354,333 |
| 21 |
$5,990,400 |
$2,176,778
$293,530 |
$3,520,092 |
| 22 |
$6,289,950 |
$2,287,612
$308,208 |
$3,694,130 |
| 23 |
$6,604,350 |
$2,403,940
$323,613 |
$3,876,797 |
| 24 |
$6,934,650 |
$2,526,151
$339,798 |
$4,068,701 |
| 25 |
$7,281,300 |
$2,654,411
$356,784 |
$4,270,105 |
| 26 |
$7,645,500 |
$2,789,165
$374,630 |
$4,481,705 |
| 27 |
$8,027,700 |
$2,930,579
$393,357 |
$4,703,764 |
| 28 |
$8,429,100 |
$3,079,097
$413,026 |
$4,936,977 |
| 29 |
$8,850,600 |
$3,235,052
$433,679 |
$5,181,869 |
| 30 |
$9,293,100 |
$3,398,777
$455,362 |
$5,438,961 |
|
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