The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(4.9%) | $9,138,500 | | Net Lumpsum Payment | $108,396,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$326,712 |
$3,913,541 |
| 2 |
$7,001,172 |
$2,550,764
$343,057 |
$4,107,351 |
| 3 |
$7,351,142 |
$2,680,253
$360,206 |
$4,310,683 |
| 4 |
$7,718,832 |
$2,816,298
$378,223 |
$4,524,311 |
| 5 |
$8,104,685 |
$2,959,064
$397,130 |
$4,748,491 |
| 6 |
$8,510,030 |
$3,109,041
$416,991 |
$4,983,998 |
| 7 |
$8,935,310 |
$3,266,395
$437,830 |
$5,231,085 |
| 8 |
$9,382,297 |
$3,431,780
$459,733 |
$5,490,784 |
| 9 |
$9,851,434 |
$3,605,361
$482,720 |
$5,763,353 |
| 10 |
$10,344,050 |
$3,787,629
$506,858 |
$6,049,563 |
| 11 |
$10,861,031 |
$3,978,912
$532,191 |
$6,349,928 |
| 12 |
$11,404,149 |
$4,179,866
$558,803 |
$6,665,480 |
| 13 |
$11,974,290 |
$4,390,818
$586,740 |
$6,996,732 |
| 14 |
$12,573,226 |
$4,612,424
$616,088 |
$7,344,714 |
| 15 |
$13,201,843 |
$4,845,012
$646,890 |
$7,709,941 |
| 16 |
$13,861,913 |
$5,089,238
$679,234 |
$8,093,441 |
| 17 |
$14,554,765 |
$5,345,593
$713,183 |
$8,495,989 |
| 18 |
$15,282,614 |
$5,614,898
$748,848 |
$8,918,868 |
| 19 |
$16,046,789 |
$5,897,642
$786,293 |
$9,362,854 |
| 20 |
$16,849,062 |
$6,194,483
$825,604 |
$9,828,975 |
| 21 |
$17,691,648 |
$6,506,240
$866,891 |
$10,318,517 |
| 22 |
$18,576,319 |
$6,833,568
$910,240 |
$10,832,511 |
| 23 |
$19,504,847 |
$7,177,124
$955,738 |
$11,371,985 |
| 24 |
$20,480,333 |
$7,538,054
$1,003,536 |
$11,938,743 |
| 25 |
$21,504,106 |
$7,916,850
$1,053,701 |
$12,533,555 |
| 26 |
$22,579,710 |
$8,314,823
$1,106,406 |
$13,158,481 |
| 27 |
$23,708,474 |
$8,732,466
$1,161,715 |
$13,814,293 |
| 28 |
$24,893,942 |
$9,171,089
$1,219,803 |
$14,503,050 |
| 29 |
$26,138,772 |
$9,631,676
$1,280,800 |
$15,226,296 |
| 30 |
$27,445,622 |
$10,115,211
$1,344,835 |
$15,985,576 |
|
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