The jackpot for the MEGA Millions draw on Tue Jun 23, 2026, is projected to be $467 Million, with an option for a cash payout of $211 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 Jun 23, 2026 |
|---|
| Draw Date | Tue Jun 23, 2026 | | Projected Jackpot | $467,000,000 | | Cash Value | $211,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $211,000,000 | | Federal Tax(24%) | $50,640,000 | | Additional Federal Tax | $27,390,330 | | State Tax(4.9%) | $10,339,000 | | Net Lumpsum Payment | $122,630,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$344,412 |
$4,123,412 |
| 2 |
$7,380,468 |
$2,691,104
$361,643 |
$4,327,721 |
| 3 |
$7,749,398 |
$2,827,608
$379,721 |
$4,542,069 |
| 4 |
$8,137,008 |
$2,971,023
$398,713 |
$4,767,272 |
| 5 |
$8,543,765 |
$3,121,523
$418,644 |
$5,003,598 |
| 6 |
$8,971,070 |
$3,279,626
$439,582 |
$5,251,862 |
| 7 |
$9,419,390 |
$3,445,505
$461,550 |
$5,512,335 |
| 8 |
$9,890,593 |
$3,619,850
$484,639 |
$5,786,104 |
| 9 |
$10,385,146 |
$3,802,834
$508,872 |
$6,073,440 |
| 10 |
$10,904,450 |
$3,994,977
$534,318 |
$6,375,155 |
| 11 |
$11,449,439 |
$4,196,623
$561,023 |
$6,691,793 |
| 12 |
$12,021,981 |
$4,408,463
$589,077 |
$7,024,441 |
| 13 |
$12,623,010 |
$4,630,844
$618,527 |
$7,373,639 |
| 14 |
$13,254,394 |
$4,864,456
$649,465 |
$7,740,473 |
| 15 |
$13,917,067 |
$5,109,645
$681,936 |
$8,125,486 |
| 16 |
$14,612,897 |
$5,367,102
$716,032 |
$8,529,763 |
| 17 |
$15,343,285 |
$5,637,346
$751,821 |
$8,954,118 |
| 18 |
$16,110,566 |
$5,921,240
$789,418 |
$9,399,908 |
| 19 |
$16,916,141 |
$6,219,303
$828,891 |
$9,867,947 |
| 20 |
$17,761,878 |
$6,532,225
$870,332 |
$10,359,321 |
| 21 |
$18,650,112 |
$6,860,872
$913,855 |
$10,875,385 |
| 22 |
$19,582,711 |
$7,205,933
$959,553 |
$11,417,225 |
| 23 |
$20,561,543 |
$7,568,101
$1,007,516 |
$11,985,926 |
| 24 |
$21,589,877 |
$7,948,585
$1,057,904 |
$12,583,388 |
| 25 |
$22,669,114 |
$8,347,903
$1,110,787 |
$13,210,424 |
| 26 |
$23,802,990 |
$8,767,437
$1,166,347 |
$13,869,206 |
| 27 |
$24,992,906 |
$9,207,706
$1,224,652 |
$14,560,548 |
| 28 |
$26,242,598 |
$9,670,092
$1,285,887 |
$15,286,619 |
| 29 |
$27,554,868 |
$10,155,632
$1,350,189 |
$16,049,047 |
| 30 |
$28,932,518 |
$10,665,362
$1,417,693 |
$16,849,463 |
|
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