The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(4.9%) | $7,648,900 | | Net Lumpsum Payment | $90,733,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$255,175 |
$3,065,312 |
| 2 |
$5,468,184 |
$1,983,558
$267,941 |
$3,216,685 |
| 3 |
$5,741,524 |
$2,084,694
$281,335 |
$3,375,495 |
| 4 |
$6,028,704 |
$2,190,951
$295,406 |
$3,542,347 |
| 5 |
$6,330,070 |
$2,302,456
$310,173 |
$3,717,441 |
| 6 |
$6,646,660 |
$2,419,595
$325,686 |
$3,901,379 |
| 7 |
$6,978,820 |
$2,542,494
$341,962 |
$4,094,364 |
| 8 |
$7,327,934 |
$2,671,666
$359,069 |
$4,297,199 |
| 9 |
$7,694,348 |
$2,807,239
$377,023 |
$4,510,086 |
| 10 |
$8,079,100 |
$2,949,597
$395,876 |
$4,733,627 |
| 11 |
$8,482,882 |
$3,098,997
$415,661 |
$4,968,224 |
| 12 |
$8,907,078 |
$3,255,949
$436,447 |
$5,214,682 |
| 13 |
$9,352,380 |
$3,420,711
$458,267 |
$5,473,402 |
| 14 |
$9,820,172 |
$3,593,794
$481,188 |
$5,745,190 |
| 15 |
$10,311,146 |
$3,775,454
$505,246 |
$6,030,446 |
| 16 |
$10,826,686 |
$3,966,204
$530,508 |
$6,329,974 |
| 17 |
$11,367,830 |
$4,166,427
$557,024 |
$6,644,379 |
| 18 |
$11,936,308 |
$4,376,764
$584,879 |
$6,974,665 |
| 19 |
$12,533,158 |
$4,597,599
$614,125 |
$7,321,434 |
| 20 |
$13,159,764 |
$4,829,443
$644,828 |
$7,685,493 |
| 21 |
$13,817,856 |
$5,072,937
$677,075 |
$8,067,844 |
| 22 |
$14,508,818 |
$5,328,593
$710,932 |
$8,469,293 |
| 23 |
$15,234,034 |
$5,596,923
$746,468 |
$8,890,643 |
| 24 |
$15,995,926 |
$5,878,823
$783,800 |
$9,333,303 |
| 25 |
$16,795,532 |
$6,174,677
$822,981 |
$9,797,874 |
| 26 |
$17,635,620 |
$6,485,510
$864,145 |
$10,285,965 |
| 27 |
$18,517,228 |
$6,811,705
$907,344 |
$10,798,179 |
| 28 |
$19,443,124 |
$7,154,286
$952,713 |
$11,336,125 |
| 29 |
$20,415,384 |
$7,514,022
$1,000,354 |
$11,901,008 |
| 30 |
$21,436,084 |
$7,891,681
$1,050,368 |
$12,494,035 |
|
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