The jackpot for the MEGA Millions draw on Tue Jul 1, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Jul 1, 2025 |
|---|
| Draw Date | Tue Jul 1, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(4.9%) | $1,097,600 | | Net Lumpsum Payment | $13,054,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$36,875 |
$476,901 |
| 2 |
$790,200 |
$252,704
$38,720 |
$498,776 |
| 3 |
$829,700 |
$267,319
$40,655 |
$521,726 |
| 4 |
$871,200 |
$282,674
$42,689 |
$545,837 |
| 5 |
$914,750 |
$298,788
$44,823 |
$571,139 |
| 6 |
$960,500 |
$315,715
$47,065 |
$597,720 |
| 7 |
$1,008,500 |
$333,475
$49,417 |
$625,608 |
| 8 |
$1,058,950 |
$352,142
$51,889 |
$654,919 |
| 9 |
$1,111,900 |
$371,733
$54,483 |
$685,684 |
| 10 |
$1,167,500 |
$392,305
$57,208 |
$717,987 |
| 11 |
$1,225,850 |
$413,895
$60,067 |
$751,888 |
| 12 |
$1,287,150 |
$436,576
$63,070 |
$787,504 |
| 13 |
$1,351,500 |
$460,385
$66,224 |
$824,891 |
| 14 |
$1,419,100 |
$485,397
$69,536 |
$864,167 |
| 15 |
$1,490,050 |
$511,649
$73,012 |
$905,389 |
| 16 |
$1,564,550 |
$539,214
$76,663 |
$948,673 |
| 17 |
$1,642,750 |
$568,148
$80,495 |
$994,107 |
| 18 |
$1,724,900 |
$598,543
$84,520 |
$1,041,837 |
| 19 |
$1,811,150 |
$630,456
$88,746 |
$1,091,948 |
| 20 |
$1,901,700 |
$663,959
$93,183 |
$1,144,558 |
| 21 |
$1,996,800 |
$699,146
$97,843 |
$1,199,811 |
| 22 |
$2,096,650 |
$736,091
$102,736 |
$1,257,823 |
| 23 |
$2,201,450 |
$774,867
$107,871 |
$1,318,712 |
| 24 |
$2,311,550 |
$815,604
$113,266 |
$1,382,680 |
| 25 |
$2,427,100 |
$858,357
$118,928 |
$1,449,815 |
| 26 |
$2,548,500 |
$903,275
$124,877 |
$1,520,348 |
| 27 |
$2,675,900 |
$950,413
$131,119 |
$1,594,368 |
| 28 |
$2,809,700 |
$999,919
$137,675 |
$1,672,106 |
| 29 |
$2,950,200 |
$1,051,904
$144,560 |
$1,753,736 |
| 30 |
$3,097,700 |
$1,106,479
$151,787 |
$1,839,434 |
|
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