The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(4.9%) | $10,451,700 | | Net Lumpsum Payment | $123,966,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$372,437 |
$4,455,708 |
| 2 |
$7,981,020 |
$2,913,308
$391,070 |
$4,676,642 |
| 3 |
$8,379,970 |
$3,060,919
$410,619 |
$4,908,432 |
| 4 |
$8,799,120 |
$3,216,005
$431,157 |
$5,151,958 |
| 5 |
$9,238,975 |
$3,378,751
$452,710 |
$5,407,514 |
| 6 |
$9,701,050 |
$3,549,719
$475,351 |
$5,675,980 |
| 7 |
$10,185,850 |
$3,729,095
$499,107 |
$5,957,648 |
| 8 |
$10,695,395 |
$3,917,627
$524,074 |
$6,253,694 |
| 9 |
$11,230,190 |
$4,115,501
$550,279 |
$6,564,410 |
| 10 |
$11,791,750 |
$4,323,278
$577,796 |
$6,890,676 |
| 11 |
$12,381,085 |
$4,541,332
$606,673 |
$7,233,080 |
| 12 |
$13,000,215 |
$4,770,410
$637,011 |
$7,592,794 |
| 13 |
$13,650,150 |
$5,010,886
$668,857 |
$7,970,407 |
| 14 |
$14,332,910 |
$5,263,507
$702,313 |
$8,367,090 |
| 15 |
$15,049,505 |
$5,528,647
$737,426 |
$8,783,432 |
| 16 |
$15,801,955 |
$5,807,054
$774,296 |
$9,220,605 |
| 17 |
$16,591,775 |
$6,099,287
$812,997 |
$9,679,491 |
| 18 |
$17,421,490 |
$6,406,282
$853,653 |
$10,161,555 |
| 19 |
$18,292,615 |
$6,728,598
$896,338 |
$10,667,679 |
| 20 |
$19,207,170 |
$7,066,983
$941,151 |
$11,199,036 |
| 21 |
$20,167,680 |
$7,422,372
$988,216 |
$11,757,092 |
| 22 |
$21,176,165 |
$7,795,511
$1,037,632 |
$12,343,022 |
| 23 |
$22,234,645 |
$8,187,149
$1,089,498 |
$12,957,998 |
| 24 |
$23,346,655 |
$8,598,593
$1,143,986 |
$13,604,076 |
| 25 |
$24,513,710 |
$9,030,403
$1,201,172 |
$14,282,135 |
| 26 |
$25,739,850 |
$9,484,075
$1,261,253 |
$14,994,522 |
| 27 |
$27,026,590 |
$9,960,169
$1,324,303 |
$15,742,118 |
| 28 |
$28,377,970 |
$10,460,179
$1,390,521 |
$16,527,270 |
| 29 |
$29,797,020 |
$10,985,228
$1,460,054 |
$17,351,738 |
| 30 |
$31,286,770 |
$11,536,435
$1,533,052 |
$18,217,283 |
|
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