The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(4.9%) | $11,319,000 | | Net Lumpsum Payment | $134,250,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$376,862 |
$4,508,176 |
| 2 |
$8,075,844 |
$2,948,393
$395,716 |
$4,731,735 |
| 3 |
$8,479,534 |
$3,097,758
$415,497 |
$4,966,279 |
| 4 |
$8,903,664 |
$3,254,686
$436,280 |
$5,212,698 |
| 5 |
$9,348,745 |
$3,419,366
$458,089 |
$5,471,290 |
| 6 |
$9,816,310 |
$3,592,365
$480,999 |
$5,742,946 |
| 7 |
$10,306,870 |
$3,773,872
$505,037 |
$6,027,961 |
| 8 |
$10,822,469 |
$3,964,644
$530,301 |
$6,327,524 |
| 9 |
$11,363,618 |
$4,164,869
$556,817 |
$6,641,932 |
| 10 |
$11,931,850 |
$4,375,115
$584,661 |
$6,972,074 |
| 11 |
$12,528,187 |
$4,595,760
$613,881 |
$7,318,546 |
| 12 |
$13,154,673 |
$4,827,559
$644,579 |
$7,682,535 |
| 13 |
$13,812,330 |
$5,070,892
$676,804 |
$8,064,634 |
| 14 |
$14,503,202 |
$5,326,515
$710,657 |
$8,466,030 |
| 15 |
$15,228,311 |
$5,594,805
$746,187 |
$8,887,319 |
| 16 |
$15,989,701 |
$5,876,520
$783,495 |
$9,329,686 |
| 17 |
$16,788,905 |
$6,172,225
$822,656 |
$9,794,024 |
| 18 |
$17,628,478 |
$6,482,867
$863,795 |
$10,281,816 |
| 19 |
$18,509,953 |
$6,809,013
$906,988 |
$10,793,952 |
| 20 |
$19,435,374 |
$7,151,419
$952,333 |
$11,331,622 |
| 21 |
$20,407,296 |
$7,511,030
$999,958 |
$11,896,308 |
| 22 |
$21,427,763 |
$7,888,603
$1,049,960 |
$12,489,200 |
| 23 |
$22,498,819 |
$8,284,893
$1,102,442 |
$13,111,484 |
| 24 |
$23,624,041 |
$8,701,226
$1,157,578 |
$13,765,237 |
| 25 |
$24,804,962 |
$9,138,166
$1,215,443 |
$14,451,353 |
| 26 |
$26,045,670 |
$9,597,228
$1,276,238 |
$15,172,204 |
| 27 |
$27,347,698 |
$10,078,979
$1,340,037 |
$15,928,682 |
| 28 |
$28,715,134 |
$10,584,930
$1,407,042 |
$16,723,162 |
| 29 |
$30,151,044 |
$11,116,217
$1,477,401 |
$17,557,426 |
| 30 |
$31,658,494 |
$11,673,973
$1,551,266 |
$18,433,255 |
|
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