The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(4.9%) | $3,684,800 | | Net Lumpsum Payment | $43,730,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$122,425 |
$1,491,278 |
| 2 |
$2,623,464 |
$931,012
$128,550 |
$1,563,902 |
| 3 |
$2,754,604 |
$979,534
$134,976 |
$1,640,094 |
| 4 |
$2,892,384 |
$1,030,512
$141,727 |
$1,720,145 |
| 5 |
$3,036,970 |
$1,084,009
$148,812 |
$1,804,149 |
| 6 |
$3,188,860 |
$1,140,209
$156,254 |
$1,892,397 |
| 7 |
$3,348,220 |
$1,199,172
$164,063 |
$1,984,985 |
| 8 |
$3,515,714 |
$1,261,145
$172,270 |
$2,082,299 |
| 9 |
$3,691,508 |
$1,326,188
$180,884 |
$2,184,436 |
| 10 |
$3,876,100 |
$1,394,487
$189,929 |
$2,291,684 |
| 11 |
$4,069,822 |
$1,466,165
$199,421 |
$2,404,236 |
| 12 |
$4,273,338 |
$1,541,465
$209,394 |
$2,522,479 |
| 13 |
$4,486,980 |
$1,620,513
$219,862 |
$2,646,605 |
| 14 |
$4,711,412 |
$1,703,553
$230,859 |
$2,777,000 |
| 15 |
$4,946,966 |
$1,790,708
$242,401 |
$2,913,857 |
| 16 |
$5,194,306 |
$1,882,224
$254,521 |
$3,057,561 |
| 17 |
$5,453,930 |
$1,978,284
$267,243 |
$3,208,403 |
| 18 |
$5,726,668 |
$2,079,198
$280,607 |
$3,366,863 |
| 19 |
$6,013,018 |
$2,185,147
$294,638 |
$3,533,233 |
| 20 |
$6,313,644 |
$2,296,379
$309,369 |
$3,707,896 |
| 21 |
$6,629,376 |
$2,413,200
$324,839 |
$3,891,337 |
| 22 |
$6,960,878 |
$2,535,855
$341,083 |
$4,083,940 |
| 23 |
$7,308,814 |
$2,664,592
$358,132 |
$4,286,090 |
| 24 |
$7,674,346 |
$2,799,838
$376,043 |
$4,498,465 |
| 25 |
$8,057,972 |
$2,941,780
$394,841 |
$4,721,351 |
| 26 |
$8,461,020 |
$3,090,908
$414,590 |
$4,955,522 |
| 27 |
$8,883,988 |
$3,247,406
$435,315 |
$5,201,267 |
| 28 |
$9,328,204 |
$3,411,766
$457,082 |
$5,459,356 |
| 29 |
$9,794,664 |
$3,584,356
$479,939 |
$5,730,369 |
| 30 |
$10,284,364 |
$3,765,545
$503,934 |
$6,014,885 |
|
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