The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(4.9%) | $9,104,200 | | Net Lumpsum Payment | $107,989,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$295,000 |
$3,537,522 |
| 2 |
$6,321,600 |
$2,299,322
$309,758 |
$3,712,520 |
| 3 |
$6,637,600 |
$2,416,242
$325,242 |
$3,896,116 |
| 4 |
$6,969,600 |
$2,539,082
$341,510 |
$4,089,008 |
| 5 |
$7,318,000 |
$2,667,990
$358,582 |
$4,291,428 |
| 6 |
$7,684,000 |
$2,803,410
$376,516 |
$4,504,074 |
| 7 |
$8,068,000 |
$2,945,490
$395,332 |
$4,727,178 |
| 8 |
$8,471,600 |
$3,094,822
$415,108 |
$4,961,670 |
| 9 |
$8,895,200 |
$3,251,554
$435,865 |
$5,207,781 |
| 10 |
$9,340,000 |
$3,416,130
$457,660 |
$5,466,210 |
| 11 |
$9,806,800 |
$3,588,846
$480,533 |
$5,737,421 |
| 12 |
$10,297,200 |
$3,770,294
$504,563 |
$6,022,343 |
| 13 |
$10,812,000 |
$3,960,770
$529,788 |
$6,321,442 |
| 14 |
$11,352,800 |
$4,160,866
$556,287 |
$6,635,647 |
| 15 |
$11,920,400 |
$4,370,878
$584,100 |
$6,965,422 |
| 16 |
$12,516,400 |
$4,591,398
$613,304 |
$7,311,698 |
| 17 |
$13,142,000 |
$4,822,870
$643,958 |
$7,675,172 |
| 18 |
$13,799,200 |
$5,066,034
$676,161 |
$8,057,005 |
| 19 |
$14,489,200 |
$5,321,334
$709,971 |
$8,457,895 |
| 20 |
$15,213,600 |
$5,589,362
$745,466 |
$8,878,772 |
| 21 |
$15,974,400 |
$5,870,858
$782,746 |
$9,320,796 |
| 22 |
$16,773,200 |
$6,166,414
$821,887 |
$9,784,899 |
| 23 |
$17,611,600 |
$6,476,622
$862,968 |
$10,272,010 |
| 24 |
$18,492,400 |
$6,802,518
$906,128 |
$10,783,754 |
| 25 |
$19,416,800 |
$7,144,546
$951,423 |
$11,320,831 |
| 26 |
$20,388,000 |
$7,503,890
$999,012 |
$11,885,098 |
| 27 |
$21,407,200 |
$7,880,994
$1,048,953 |
$12,477,253 |
| 28 |
$22,477,600 |
$8,277,042
$1,101,402 |
$13,099,156 |
| 29 |
$23,601,600 |
$8,692,922
$1,156,478 |
$13,752,200 |
| 30 |
$24,781,600 |
$9,129,522
$1,214,298 |
$14,437,780 |
|
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