The jackpot for the MEGA Millions draw on Fri Sep 18, 2026, is projected to be $244 Million, with an option for a cash payout of $103.5 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 Sep 18, 2026 |
|---|
| Draw Date | Fri Sep 18, 2026 | | Projected Jackpot | $244,000,000 | | Cash Value | $103,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,500,000 | | Federal Tax(24%) | $24,840,000 | | Additional Federal Tax | $13,415,330 | | State Tax(4.9%) | $5,071,500 | | Net Lumpsum Payment | $60,173,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$179,950 |
$2,173,359 |
| 2 |
$3,856,176 |
$1,387,116
$188,953 |
$2,280,107 |
| 3 |
$4,048,936 |
$1,458,437
$198,398 |
$2,392,101 |
| 4 |
$4,251,456 |
$1,533,369
$208,321 |
$2,509,766 |
| 5 |
$4,463,980 |
$1,612,003
$218,735 |
$2,633,242 |
| 6 |
$4,687,240 |
$1,694,609
$229,675 |
$2,762,956 |
| 7 |
$4,921,480 |
$1,781,278
$241,153 |
$2,899,049 |
| 8 |
$5,167,676 |
$1,872,371
$253,216 |
$3,042,089 |
| 9 |
$5,426,072 |
$1,967,977
$265,878 |
$3,192,217 |
| 10 |
$5,697,400 |
$2,068,368
$279,173 |
$3,349,859 |
| 11 |
$5,982,148 |
$2,173,725
$293,125 |
$3,515,298 |
| 12 |
$6,281,292 |
$2,284,408
$307,783 |
$3,689,101 |
| 13 |
$6,595,320 |
$2,400,599
$323,171 |
$3,871,550 |
| 14 |
$6,925,208 |
$2,522,657
$339,335 |
$4,063,216 |
| 15 |
$7,271,444 |
$2,650,765
$356,301 |
$4,264,378 |
| 16 |
$7,635,004 |
$2,785,282
$374,115 |
$4,475,607 |
| 17 |
$8,016,620 |
$2,926,480
$392,814 |
$4,697,326 |
| 18 |
$8,417,512 |
$3,074,810
$412,458 |
$4,930,244 |
| 19 |
$8,838,412 |
$3,230,543
$433,082 |
$5,174,787 |
| 20 |
$9,280,296 |
$3,394,040
$454,735 |
$5,431,521 |
| 21 |
$9,744,384 |
$3,565,752
$477,475 |
$5,701,157 |
| 22 |
$10,231,652 |
$3,746,042
$501,351 |
$5,984,259 |
| 23 |
$10,743,076 |
$3,935,269
$526,411 |
$6,281,396 |
| 24 |
$11,280,364 |
$4,134,065
$552,738 |
$6,593,561 |
| 25 |
$11,844,248 |
$4,342,702
$580,368 |
$6,921,178 |
| 26 |
$12,436,680 |
$4,561,902
$609,397 |
$7,265,381 |
| 27 |
$13,058,392 |
$4,791,935
$639,861 |
$7,626,596 |
| 28 |
$13,711,336 |
$5,033,525
$671,855 |
$8,005,956 |
| 29 |
$14,396,976 |
$5,287,212
$705,452 |
$8,404,312 |
| 30 |
$15,116,776 |
$5,553,538
$740,722 |
$8,822,516 |
|
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