The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(4.9%) | $15,846,600 | | Net Lumpsum Payment | $187,935,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$547,962 |
$6,536,930 |
| 2 |
$11,742,372 |
$4,305,008
$575,376 |
$6,861,988 |
| 3 |
$12,329,342 |
$4,522,187
$604,138 |
$7,203,017 |
| 4 |
$12,946,032 |
$4,750,362
$634,356 |
$7,561,314 |
| 5 |
$13,593,185 |
$4,989,809
$666,066 |
$7,937,310 |
| 6 |
$14,273,030 |
$5,241,351
$699,378 |
$8,332,301 |
| 7 |
$14,986,310 |
$5,505,265
$734,329 |
$8,746,716 |
| 8 |
$15,735,997 |
$5,782,649
$771,064 |
$9,182,284 |
| 9 |
$16,522,834 |
$6,073,779
$809,619 |
$9,639,436 |
| 10 |
$17,349,050 |
$6,379,479
$850,103 |
$10,119,468 |
| 11 |
$18,216,131 |
$6,700,299
$892,590 |
$10,623,242 |
| 12 |
$19,127,049 |
$7,037,339
$937,225 |
$11,152,485 |
| 13 |
$20,083,290 |
$7,391,148
$984,081 |
$11,708,061 |
| 14 |
$21,087,826 |
$7,762,826
$1,033,303 |
$12,291,697 |
| 15 |
$22,142,143 |
$8,152,923
$1,084,965 |
$12,904,255 |
| 16 |
$23,249,213 |
$8,562,539
$1,139,211 |
$13,547,463 |
| 17 |
$24,411,265 |
$8,992,498
$1,196,152 |
$14,222,615 |
| 18 |
$25,632,014 |
$9,444,176
$1,255,969 |
$14,931,869 |
| 19 |
$26,913,689 |
$9,918,395
$1,318,771 |
$15,676,523 |
| 20 |
$28,259,262 |
$10,416,257
$1,384,704 |
$16,458,301 |
| 21 |
$29,672,448 |
$10,939,136
$1,453,950 |
$17,279,362 |
| 22 |
$31,156,219 |
$11,488,131
$1,526,655 |
$18,141,433 |
| 23 |
$32,713,547 |
$12,064,343
$1,602,964 |
$19,046,240 |
| 24 |
$34,349,633 |
$12,669,695
$1,683,132 |
$19,996,806 |
| 25 |
$36,066,706 |
$13,305,012
$1,767,269 |
$20,994,425 |
| 26 |
$37,870,710 |
$13,972,493
$1,855,665 |
$22,042,552 |
| 27 |
$39,763,874 |
$14,672,964
$1,948,430 |
$23,142,480 |
| 28 |
$41,752,142 |
$15,408,623
$2,045,855 |
$24,297,664 |
| 29 |
$43,839,972 |
$16,181,120
$2,148,159 |
$25,510,693 |
| 30 |
$46,031,822 |
$16,992,105
$2,255,559 |
$26,784,158 |
|
|
