The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(4.9%) | $9,951,900 | | Net Lumpsum Payment | $118,040,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$323,025 |
$3,869,818 |
| 2 |
$6,922,152 |
$2,521,527
$339,185 |
$4,061,440 |
| 3 |
$7,268,172 |
$2,649,554
$356,140 |
$4,262,478 |
| 4 |
$7,631,712 |
$2,784,064
$373,954 |
$4,473,694 |
| 5 |
$8,013,210 |
$2,925,218
$392,647 |
$4,695,345 |
| 6 |
$8,413,980 |
$3,073,503
$412,285 |
$4,928,192 |
| 7 |
$8,834,460 |
$3,229,081
$432,889 |
$5,172,490 |
| 8 |
$9,276,402 |
$3,392,599
$454,544 |
$5,429,259 |
| 9 |
$9,740,244 |
$3,564,221
$477,272 |
$5,698,751 |
| 10 |
$10,227,300 |
$3,744,431
$501,138 |
$5,981,731 |
| 11 |
$10,738,446 |
$3,933,555
$526,184 |
$6,278,707 |
| 12 |
$11,275,434 |
$4,132,241
$552,496 |
$6,590,697 |
| 13 |
$11,839,140 |
$4,340,812
$580,118 |
$6,918,210 |
| 14 |
$12,431,316 |
$4,559,917
$609,134 |
$7,262,265 |
| 15 |
$13,052,838 |
$4,789,880
$639,589 |
$7,623,369 |
| 16 |
$13,705,458 |
$5,031,350
$671,567 |
$8,002,541 |
| 17 |
$14,390,490 |
$5,284,812
$705,134 |
$8,400,544 |
| 18 |
$15,110,124 |
$5,551,076
$740,396 |
$8,818,652 |
| 19 |
$15,865,674 |
$5,830,630
$777,418 |
$9,257,626 |
| 20 |
$16,658,892 |
$6,124,120
$816,286 |
$9,718,486 |
| 21 |
$17,491,968 |
$6,432,359
$857,106 |
$10,202,503 |
| 22 |
$18,366,654 |
$6,755,992
$899,966 |
$10,710,696 |
| 23 |
$19,284,702 |
$7,095,670
$944,950 |
$11,244,082 |
| 24 |
$20,249,178 |
$7,452,526
$992,210 |
$11,804,442 |
| 25 |
$21,261,396 |
$7,827,047
$1,041,808 |
$12,392,541 |
| 26 |
$22,324,860 |
$8,220,529
$1,093,918 |
$13,010,413 |
| 27 |
$23,440,884 |
$8,633,457
$1,148,603 |
$13,658,824 |
| 28 |
$24,612,972 |
$9,067,130
$1,206,036 |
$14,339,806 |
| 29 |
$25,843,752 |
$9,522,519
$1,266,344 |
$15,054,889 |
| 30 |
$27,135,852 |
$10,000,596
$1,329,657 |
$15,805,599 |
|
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