The jackpot for the MEGA Millions draw on Fri Oct 30, 2026, is projected to be $463 Million, with an option for a cash payout of $194.9 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 Oct 30, 2026 |
|---|
| Draw Date | Fri Oct 30, 2026 | | Projected Jackpot | $463,000,000 | | Cash Value | $194,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,900,000 | | Federal Tax(24%) | $46,776,000 | | Additional Federal Tax | $25,297,330 | | State Tax(4.9%) | $9,550,100 | | Net Lumpsum Payment | $113,276,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,968,613 |
$2,538,717
$341,462 |
$4,088,434 |
| 2 |
$7,317,252 |
$2,667,714
$358,545 |
$4,290,993 |
| 3 |
$7,683,022 |
$2,803,049
$376,468 |
$4,503,505 |
| 4 |
$8,067,312 |
$2,945,236
$395,298 |
$4,726,778 |
| 5 |
$8,470,585 |
$3,094,447
$415,059 |
$4,961,079 |
| 6 |
$8,894,230 |
$3,251,195
$435,817 |
$5,207,218 |
| 7 |
$9,338,710 |
$3,415,653
$457,597 |
$5,465,460 |
| 8 |
$9,805,877 |
$3,588,505
$480,488 |
$5,736,884 |
| 9 |
$10,296,194 |
$3,769,922
$504,514 |
$6,021,758 |
| 10 |
$10,811,050 |
$3,960,419
$529,741 |
$6,320,890 |
| 11 |
$11,351,371 |
$4,160,338
$556,217 |
$6,634,816 |
| 12 |
$11,919,009 |
$4,370,364
$584,031 |
$6,964,614 |
| 13 |
$12,514,890 |
$4,590,840
$613,230 |
$7,310,820 |
| 14 |
$13,140,866 |
$4,822,451
$643,902 |
$7,674,513 |
| 15 |
$13,797,863 |
$5,065,540
$676,095 |
$8,056,228 |
| 16 |
$14,487,733 |
$5,320,792
$709,899 |
$8,457,042 |
| 17 |
$15,211,865 |
$5,588,720
$745,381 |
$8,877,764 |
| 18 |
$15,972,574 |
$5,870,183
$782,656 |
$9,319,735 |
| 19 |
$16,771,249 |
$6,165,693
$821,791 |
$9,783,765 |
| 20 |
$17,609,742 |
$6,475,935
$862,877 |
$10,270,930 |
| 21 |
$18,490,368 |
$6,801,767
$906,028 |
$10,782,573 |
| 22 |
$19,414,979 |
$7,143,873
$951,334 |
$11,319,772 |
| 23 |
$20,385,427 |
$7,502,938
$998,886 |
$11,883,603 |
| 24 |
$21,404,953 |
$7,880,163
$1,048,843 |
$12,475,947 |
| 25 |
$22,474,946 |
$8,276,060
$1,101,272 |
$13,097,614 |
| 26 |
$23,599,110 |
$8,692,001
$1,156,356 |
$13,750,753 |
| 27 |
$24,778,834 |
$9,128,499
$1,214,163 |
$14,436,172 |
| 28 |
$26,017,822 |
$9,586,925
$1,274,873 |
$15,156,024 |
| 29 |
$27,318,852 |
$10,068,306
$1,338,624 |
$15,911,922 |
| 30 |
$28,684,702 |
$10,573,670
$1,405,550 |
$16,705,482 |
|
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