The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(4.9%) | $8,016,400 | | Net Lumpsum Payment | $95,091,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$271,400 |
$3,257,693 |
| 2 |
$5,815,872 |
$2,112,203
$284,978 |
$3,418,691 |
| 3 |
$6,106,592 |
$2,219,769
$299,223 |
$3,587,600 |
| 4 |
$6,412,032 |
$2,332,782
$314,190 |
$3,765,060 |
| 5 |
$6,732,560 |
$2,451,378
$329,895 |
$3,951,287 |
| 6 |
$7,069,280 |
$2,575,964
$346,395 |
$4,146,921 |
| 7 |
$7,422,560 |
$2,706,678
$363,705 |
$4,352,177 |
| 8 |
$7,793,872 |
$2,844,063
$381,900 |
$4,567,909 |
| 9 |
$8,183,584 |
$2,988,256
$400,996 |
$4,794,332 |
| 10 |
$8,592,800 |
$3,139,666
$421,047 |
$5,032,087 |
| 11 |
$9,022,256 |
$3,298,565
$442,091 |
$5,281,600 |
| 12 |
$9,473,424 |
$3,465,497
$464,198 |
$5,543,729 |
| 13 |
$9,947,040 |
$3,640,735
$487,405 |
$5,818,900 |
| 14 |
$10,444,576 |
$3,824,824
$511,784 |
$6,107,968 |
| 15 |
$10,966,768 |
$4,018,035
$537,372 |
$6,411,361 |
| 16 |
$11,515,088 |
$4,220,913
$564,239 |
$6,729,936 |
| 17 |
$12,090,640 |
$4,433,867
$592,441 |
$7,064,332 |
| 18 |
$12,695,264 |
$4,657,578
$622,068 |
$7,415,618 |
| 19 |
$13,330,064 |
$4,892,454
$653,173 |
$7,784,437 |
| 20 |
$13,996,512 |
$5,139,040
$685,829 |
$8,171,643 |
| 21 |
$14,696,448 |
$5,398,016
$720,126 |
$8,578,306 |
| 22 |
$15,431,344 |
$5,669,928
$756,136 |
$9,005,280 |
| 23 |
$16,202,672 |
$5,955,319
$793,931 |
$9,453,422 |
| 24 |
$17,013,008 |
$6,255,143
$833,637 |
$9,924,228 |
| 25 |
$17,863,456 |
$6,569,809
$875,309 |
$10,418,338 |
| 26 |
$18,756,960 |
$6,900,406
$919,091 |
$10,937,463 |
| 27 |
$19,694,624 |
$7,247,341
$965,037 |
$11,482,246 |
| 28 |
$20,679,392 |
$7,611,705
$1,013,290 |
$12,054,397 |
| 29 |
$21,713,472 |
$7,994,315
$1,063,960 |
$12,655,197 |
| 30 |
$22,799,072 |
$8,395,987
$1,117,155 |
$13,285,930 |
|
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