The jackpot for the MEGA Millions draw on Tue Jan 20, 2026, is projected to be $250 Million, with an option for a cash payout of $113.5 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 Tue Jan 20, 2026 |
|---|
| Draw Date | Tue Jan 20, 2026 | | Projected Jackpot | $250,000,000 | | Cash Value | $113,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $113,500,000 | | Federal Tax(24%) | $27,240,000 | | Additional Federal Tax | $14,715,330 | | State Tax(4.9%) | $5,561,500 | | Net Lumpsum Payment | $65,983,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,762,750 |
$1,352,548
$184,375 |
$2,225,827 |
| 2 |
$3,951,000 |
$1,422,200
$193,599 |
$2,335,201 |
| 3 |
$4,148,500 |
$1,495,275
$203,277 |
$2,449,948 |
| 4 |
$4,356,000 |
$1,572,050
$213,444 |
$2,570,506 |
| 5 |
$4,573,750 |
$1,652,618
$224,114 |
$2,697,018 |
| 6 |
$4,802,500 |
$1,737,255
$235,323 |
$2,829,922 |
| 7 |
$5,042,500 |
$1,826,055
$247,083 |
$2,969,362 |
| 8 |
$5,294,750 |
$1,919,388
$259,443 |
$3,115,919 |
| 9 |
$5,559,500 |
$2,017,345
$272,416 |
$3,269,739 |
| 10 |
$5,837,500 |
$2,120,205
$286,038 |
$3,431,257 |
| 11 |
$6,129,250 |
$2,228,153
$300,333 |
$3,600,764 |
| 12 |
$6,435,750 |
$2,341,558
$315,352 |
$3,778,840 |
| 13 |
$6,757,500 |
$2,460,605
$331,118 |
$3,965,777 |
| 14 |
$7,095,500 |
$2,585,665
$347,680 |
$4,162,155 |
| 15 |
$7,450,250 |
$2,716,923
$365,062 |
$4,368,265 |
| 16 |
$7,822,750 |
$2,854,748
$383,315 |
$4,584,687 |
| 17 |
$8,213,750 |
$2,999,418
$402,474 |
$4,811,858 |
| 18 |
$8,624,500 |
$3,151,395
$422,601 |
$5,050,504 |
| 19 |
$9,055,750 |
$3,310,958
$443,732 |
$5,301,060 |
| 20 |
$9,508,500 |
$3,478,475
$465,917 |
$5,564,108 |
| 21 |
$9,984,000 |
$3,654,410
$489,216 |
$5,840,374 |
| 22 |
$10,483,250 |
$3,839,133
$513,679 |
$6,130,438 |
| 23 |
$11,007,250 |
$4,033,013
$539,355 |
$6,434,882 |
| 24 |
$11,557,750 |
$4,236,698
$566,330 |
$6,754,722 |
| 25 |
$12,135,500 |
$4,450,465
$594,640 |
$7,090,395 |
| 26 |
$12,742,500 |
$4,675,055
$624,383 |
$7,443,062 |
| 27 |
$13,379,500 |
$4,910,745
$655,596 |
$7,813,159 |
| 28 |
$14,048,500 |
$5,158,275
$688,377 |
$8,201,848 |
| 29 |
$14,751,000 |
$5,418,200
$722,799 |
$8,610,001 |
| 30 |
$15,488,500 |
$5,691,075
$758,937 |
$9,038,488 |
|
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