The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(4.9%) | $7,619,500 | | Net Lumpsum Payment | $90,385,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$256,650 |
$3,082,801 |
| 2 |
$5,499,792 |
$1,995,253
$269,490 |
$3,235,049 |
| 3 |
$5,774,712 |
$2,096,974
$282,961 |
$3,394,777 |
| 4 |
$6,063,552 |
$2,203,845
$297,114 |
$3,562,593 |
| 5 |
$6,366,660 |
$2,315,995
$311,966 |
$3,738,699 |
| 6 |
$6,685,080 |
$2,433,810
$327,569 |
$3,923,701 |
| 7 |
$7,019,160 |
$2,557,420
$343,939 |
$4,117,801 |
| 8 |
$7,370,292 |
$2,687,338
$361,144 |
$4,321,810 |
| 9 |
$7,738,824 |
$2,823,695
$379,202 |
$4,535,927 |
| 10 |
$8,125,800 |
$2,966,876
$398,164 |
$4,760,760 |
| 11 |
$8,531,916 |
$3,117,139
$418,064 |
$4,996,713 |
| 12 |
$8,958,564 |
$3,274,999
$438,970 |
$5,244,595 |
| 13 |
$9,406,440 |
$3,440,713
$460,916 |
$5,504,811 |
| 14 |
$9,876,936 |
$3,614,797
$483,970 |
$5,778,169 |
| 15 |
$10,370,748 |
$3,797,507
$508,167 |
$6,065,074 |
| 16 |
$10,889,268 |
$3,989,360
$533,574 |
$6,366,334 |
| 17 |
$11,433,540 |
$4,190,740
$560,243 |
$6,682,557 |
| 18 |
$12,005,304 |
$4,402,293
$588,260 |
$7,014,751 |
| 19 |
$12,605,604 |
$4,624,404
$617,675 |
$7,363,525 |
| 20 |
$13,235,832 |
$4,857,588
$648,556 |
$7,729,688 |
| 21 |
$13,897,728 |
$5,102,490
$680,989 |
$8,114,249 |
| 22 |
$14,592,684 |
$5,359,623
$715,042 |
$8,518,019 |
| 23 |
$15,322,092 |
$5,629,504
$750,783 |
$8,941,805 |
| 24 |
$16,088,388 |
$5,913,034
$788,331 |
$9,387,023 |
| 25 |
$16,892,616 |
$6,210,598
$827,738 |
$9,854,280 |
| 26 |
$17,737,560 |
$6,523,228
$869,140 |
$10,345,192 |
| 27 |
$18,624,264 |
$6,851,308
$912,589 |
$10,860,367 |
| 28 |
$19,555,512 |
$7,195,870
$958,220 |
$11,401,422 |
| 29 |
$20,533,392 |
$7,557,685
$1,006,136 |
$11,969,571 |
| 30 |
$21,559,992 |
$7,937,527
$1,056,440 |
$12,566,025 |
|
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