The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(4.9%) | $7,139,300 | | Net Lumpsum Payment | $84,691,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$238,212 |
$2,864,186 |
| 2 |
$5,104,692 |
$1,849,066
$250,130 |
$3,005,496 |
| 3 |
$5,359,862 |
$1,943,479
$262,633 |
$3,153,750 |
| 4 |
$5,627,952 |
$2,042,673
$275,770 |
$3,309,509 |
| 5 |
$5,909,285 |
$2,146,766
$289,555 |
$3,472,964 |
| 6 |
$6,204,830 |
$2,256,117
$304,037 |
$3,644,676 |
| 7 |
$6,514,910 |
$2,370,847
$319,231 |
$3,824,832 |
| 8 |
$6,840,817 |
$2,491,433
$335,200 |
$4,014,184 |
| 9 |
$7,182,874 |
$2,617,994
$351,961 |
$4,212,919 |
| 10 |
$7,542,050 |
$2,750,889
$369,560 |
$4,421,601 |
| 11 |
$7,918,991 |
$2,890,357
$388,031 |
$4,640,603 |
| 12 |
$8,314,989 |
$3,036,876
$407,434 |
$4,870,679 |
| 13 |
$8,730,690 |
$3,190,686
$427,804 |
$5,112,200 |
| 14 |
$9,167,386 |
$3,352,263
$449,202 |
$5,365,921 |
| 15 |
$9,625,723 |
$3,521,848
$471,660 |
$5,632,215 |
| 16 |
$10,106,993 |
$3,699,918
$495,243 |
$5,911,832 |
| 17 |
$10,612,165 |
$3,886,831
$519,996 |
$6,205,338 |
| 18 |
$11,142,854 |
$4,083,186
$546,000 |
$6,513,668 |
| 19 |
$11,700,029 |
$4,289,341
$573,301 |
$6,837,387 |
| 20 |
$12,284,982 |
$4,505,774
$601,964 |
$7,177,244 |
| 21 |
$12,899,328 |
$4,733,082
$632,067 |
$7,534,179 |
| 22 |
$13,544,359 |
$4,971,743
$663,674 |
$7,908,942 |
| 23 |
$14,221,367 |
$5,222,236
$696,847 |
$8,302,284 |
| 24 |
$14,932,613 |
$5,485,397
$731,698 |
$8,715,518 |
| 25 |
$15,679,066 |
$5,761,585
$768,274 |
$9,149,207 |
| 26 |
$16,463,310 |
$6,051,755
$806,702 |
$9,604,853 |
| 27 |
$17,286,314 |
$6,356,267
$847,029 |
$10,083,018 |
| 28 |
$18,150,662 |
$6,676,075
$889,382 |
$10,585,205 |
| 29 |
$19,058,292 |
$7,011,898
$933,856 |
$11,112,538 |
| 30 |
$20,011,142 |
$7,364,453
$980,546 |
$11,666,143 |
|
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