The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(4.9%) | $6,301,400 | | Net Lumpsum Payment | $74,756,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$218,300 |
$2,628,080 |
| 2 |
$4,677,984 |
$1,691,184
$229,221 |
$2,757,579 |
| 3 |
$4,911,824 |
$1,777,705
$240,679 |
$2,893,440 |
| 4 |
$5,157,504 |
$1,868,607
$252,718 |
$3,036,179 |
| 5 |
$5,415,320 |
$1,963,999
$265,351 |
$3,185,970 |
| 6 |
$5,686,160 |
$2,064,210
$278,622 |
$3,343,328 |
| 7 |
$5,970,320 |
$2,169,349
$292,546 |
$3,508,425 |
| 8 |
$6,268,984 |
$2,279,854
$307,180 |
$3,681,950 |
| 9 |
$6,582,448 |
$2,395,836
$322,540 |
$3,864,072 |
| 10 |
$6,911,600 |
$2,517,622
$338,668 |
$4,055,310 |
| 11 |
$7,257,032 |
$2,645,432
$355,595 |
$4,256,005 |
| 12 |
$7,619,928 |
$2,779,704
$373,376 |
$4,466,848 |
| 13 |
$8,000,880 |
$2,920,656
$392,043 |
$4,688,181 |
| 14 |
$8,401,072 |
$3,068,727
$411,653 |
$4,920,692 |
| 15 |
$8,821,096 |
$3,224,136
$432,234 |
$5,164,726 |
| 16 |
$9,262,136 |
$3,387,321
$453,845 |
$5,420,970 |
| 17 |
$9,725,080 |
$3,558,610
$476,529 |
$5,689,941 |
| 18 |
$10,211,408 |
$3,738,551
$500,359 |
$5,972,498 |
| 19 |
$10,722,008 |
$3,927,473
$525,378 |
$6,269,157 |
| 20 |
$11,258,064 |
$4,125,814
$551,645 |
$6,580,605 |
| 21 |
$11,821,056 |
$4,334,121
$579,232 |
$6,907,703 |
| 22 |
$12,412,168 |
$4,552,833
$608,196 |
$7,251,139 |
| 23 |
$13,032,584 |
$4,782,386
$638,597 |
$7,611,601 |
| 24 |
$13,684,376 |
$5,023,550
$670,534 |
$7,990,292 |
| 25 |
$14,368,432 |
$5,276,650
$704,053 |
$8,387,729 |
| 26 |
$15,087,120 |
$5,542,565
$739,269 |
$8,805,286 |
| 27 |
$15,841,328 |
$5,821,622
$776,225 |
$9,243,481 |
| 28 |
$16,633,424 |
$6,114,697
$815,038 |
$9,703,689 |
| 29 |
$17,465,184 |
$6,422,448
$855,794 |
$10,186,942 |
| 30 |
$18,338,384 |
$6,745,532
$898,581 |
$10,694,271 |
|
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