The jackpot for the MEGA Millions draw on Fri Jul 25, 2025, is projected to be $120 Million, with an option for a cash payout of $52.8 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 25, 2025 |
|---|
| Draw Date | Fri Jul 25, 2025 | | Projected Jackpot | $120,000,000 | | Cash Value | $52,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $52,800,000 | | Federal Tax(24%) | $12,672,000 | | Additional Federal Tax | $6,824,330 | | State Tax(4.9%) | $2,587,200 | | Net Lumpsum Payment | $30,716,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$88,500 |
$1,089,025 |
| 2 |
$1,896,480 |
$662,028
$92,928 |
$1,141,524 |
| 3 |
$1,991,280 |
$697,104
$97,573 |
$1,196,603 |
| 4 |
$2,090,880 |
$733,956
$102,453 |
$1,254,471 |
| 5 |
$2,195,400 |
$772,628
$107,575 |
$1,315,197 |
| 6 |
$2,305,200 |
$813,254
$112,955 |
$1,378,991 |
| 7 |
$2,420,400 |
$855,878
$118,600 |
$1,445,922 |
| 8 |
$2,541,480 |
$900,678
$124,533 |
$1,516,269 |
| 9 |
$2,668,560 |
$947,698
$130,759 |
$1,590,103 |
| 10 |
$2,802,000 |
$997,070
$137,298 |
$1,667,632 |
| 11 |
$2,942,040 |
$1,048,885
$144,160 |
$1,748,995 |
| 12 |
$3,089,160 |
$1,103,320
$151,369 |
$1,834,471 |
| 13 |
$3,243,600 |
$1,160,462
$158,936 |
$1,924,202 |
| 14 |
$3,405,840 |
$1,220,491
$166,886 |
$2,018,463 |
| 15 |
$3,576,120 |
$1,283,495
$175,230 |
$2,117,395 |
| 16 |
$3,754,920 |
$1,349,651
$183,991 |
$2,221,278 |
| 17 |
$3,942,600 |
$1,419,092
$193,187 |
$2,330,321 |
| 18 |
$4,139,760 |
$1,492,042
$202,848 |
$2,444,870 |
| 19 |
$4,346,760 |
$1,568,632
$212,991 |
$2,565,137 |
| 20 |
$4,564,080 |
$1,649,040
$223,640 |
$2,691,400 |
| 21 |
$4,792,320 |
$1,733,489
$234,824 |
$2,824,007 |
| 22 |
$5,031,960 |
$1,822,156
$246,566 |
$2,963,238 |
| 23 |
$5,283,480 |
$1,915,218
$258,891 |
$3,109,371 |
| 24 |
$5,547,720 |
$2,012,987
$271,838 |
$3,262,895 |
| 25 |
$5,825,040 |
$2,115,595
$285,427 |
$3,424,018 |
| 26 |
$6,116,400 |
$2,223,398
$299,704 |
$3,593,298 |
| 27 |
$6,422,160 |
$2,336,530
$314,686 |
$3,770,944 |
| 28 |
$6,743,280 |
$2,455,344
$330,421 |
$3,957,515 |
| 29 |
$7,080,480 |
$2,580,108
$346,944 |
$4,153,428 |
| 30 |
$7,434,480 |
$2,711,088
$364,290 |
$4,359,102 |
|
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