The jackpot for the MEGA Millions draw on Fri May 9, 2025, is projected to be $100 Million, with an option for a cash payout of $45.3 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 May 9, 2025 |
|---|
| Draw Date | Fri May 9, 2025 | | Projected Jackpot | $100,000,000 | | Cash Value | $45,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $45,300,000 | | Federal Tax(24%) | $10,872,000 | | Additional Federal Tax | $5,849,330 | | State Tax(4.9%) | $2,219,700 | | Net Lumpsum Payment | $26,358,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$73,750 |
$914,133 |
| 2 |
$1,580,400 |
$545,078
$77,440 |
$957,882 |
| 3 |
$1,659,400 |
$574,308
$81,311 |
$1,003,781 |
| 4 |
$1,742,400 |
$605,018
$85,378 |
$1,052,004 |
| 5 |
$1,829,500 |
$637,245
$89,646 |
$1,102,609 |
| 6 |
$1,921,000 |
$671,100
$94,129 |
$1,155,771 |
| 7 |
$2,017,000 |
$706,620
$98,833 |
$1,211,547 |
| 8 |
$2,117,900 |
$743,953
$103,777 |
$1,270,170 |
| 9 |
$2,223,800 |
$783,136
$108,966 |
$1,331,698 |
| 10 |
$2,335,000 |
$824,280
$114,415 |
$1,396,305 |
| 11 |
$2,451,700 |
$867,459
$120,133 |
$1,464,108 |
| 12 |
$2,574,300 |
$912,821
$126,141 |
$1,535,338 |
| 13 |
$2,703,000 |
$960,440
$132,447 |
$1,610,113 |
| 14 |
$2,838,200 |
$1,010,464
$139,072 |
$1,688,664 |
| 15 |
$2,980,100 |
$1,062,967
$146,025 |
$1,771,108 |
| 16 |
$3,129,100 |
$1,118,097
$153,326 |
$1,857,677 |
| 17 |
$3,285,500 |
$1,175,965
$160,990 |
$1,948,545 |
| 18 |
$3,449,800 |
$1,236,756
$169,040 |
$2,044,004 |
| 19 |
$3,622,300 |
$1,300,581
$177,493 |
$2,144,226 |
| 20 |
$3,803,400 |
$1,367,588
$186,367 |
$2,249,445 |
| 21 |
$3,993,600 |
$1,437,962
$195,686 |
$2,359,952 |
| 22 |
$4,193,300 |
$1,511,851
$205,472 |
$2,475,977 |
| 23 |
$4,402,900 |
$1,589,403
$215,742 |
$2,597,755 |
| 24 |
$4,623,100 |
$1,670,877
$226,532 |
$2,725,691 |
| 25 |
$4,854,200 |
$1,756,384
$237,856 |
$2,859,960 |
| 26 |
$5,097,000 |
$1,846,220
$249,753 |
$3,001,027 |
| 27 |
$5,351,800 |
$1,940,496
$262,238 |
$3,149,066 |
| 28 |
$5,619,400 |
$2,039,508
$275,351 |
$3,304,541 |
| 29 |
$5,900,400 |
$2,143,478
$289,120 |
$3,467,802 |
| 30 |
$6,195,400 |
$2,252,628
$303,575 |
$3,639,197 |
|
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