The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(4.9%) | $15,591,800 | | Net Lumpsum Payment | $184,913,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$501,499 |
$5,986,019 |
| 2 |
$10,746,720 |
$3,936,617
$526,589 |
$6,283,514 |
| 3 |
$11,283,920 |
$4,135,381
$552,912 |
$6,595,627 |
| 4 |
$11,848,320 |
$4,344,209
$580,568 |
$6,923,543 |
| 5 |
$12,440,600 |
$4,563,352
$609,589 |
$7,267,659 |
| 6 |
$13,062,800 |
$4,793,566
$640,077 |
$7,629,157 |
| 7 |
$13,715,600 |
$5,035,102
$672,064 |
$8,008,434 |
| 8 |
$14,401,720 |
$5,288,967
$705,684 |
$8,407,069 |
| 9 |
$15,121,840 |
$5,555,411
$740,970 |
$8,825,459 |
| 10 |
$15,878,000 |
$5,835,190
$778,022 |
$9,264,788 |
| 11 |
$16,671,560 |
$6,128,808
$816,906 |
$9,725,846 |
| 12 |
$17,505,240 |
$6,437,269
$857,757 |
$10,210,214 |
| 13 |
$18,380,400 |
$6,761,078
$900,640 |
$10,718,682 |
| 14 |
$19,299,760 |
$7,101,242
$945,688 |
$11,252,830 |
| 15 |
$20,264,680 |
$7,458,262
$992,969 |
$11,813,449 |
| 16 |
$21,277,880 |
$7,833,146
$1,042,616 |
$12,402,118 |
| 17 |
$22,341,400 |
$8,226,648
$1,094,729 |
$13,020,023 |
| 18 |
$23,458,640 |
$8,640,027
$1,149,473 |
$13,669,140 |
| 19 |
$24,631,640 |
$9,074,037
$1,206,950 |
$14,350,653 |
| 20 |
$25,863,120 |
$9,529,685
$1,267,293 |
$15,066,142 |
| 21 |
$27,156,480 |
$10,008,228
$1,330,668 |
$15,817,584 |
| 22 |
$28,514,440 |
$10,510,673
$1,397,208 |
$16,606,559 |
| 23 |
$29,939,720 |
$11,038,027
$1,467,046 |
$17,434,647 |
| 24 |
$31,437,080 |
$11,592,050
$1,540,417 |
$18,304,613 |
| 25 |
$33,008,560 |
$12,173,498
$1,617,419 |
$19,217,643 |
| 26 |
$34,659,600 |
$12,784,382
$1,698,320 |
$20,176,898 |
| 27 |
$36,392,240 |
$13,425,459
$1,783,220 |
$21,183,561 |
| 28 |
$38,211,920 |
$14,098,741
$1,872,384 |
$22,240,795 |
| 29 |
$40,122,720 |
$14,805,737
$1,966,013 |
$23,350,970 |
| 30 |
$42,128,720 |
$15,547,957
$2,064,307 |
$24,516,456 |
|
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