The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 Sep 5, 2025 |
---|
Draw Date | Fri Sep 5, 2025 | Projected Jackpot | $336,000,000 | Cash Value | $151,300,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $151,300,000 | Federal Tax(24%) | $36,312,000 | Additional Federal Tax | $19,629,330 | State Tax(4.9%) | $7,413,700 | Net Lumpsum Payment | $87,944,970 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$5,057,136 |
$1,831,471 $247,800 |
$2,977,865 |
2 |
$5,310,144 |
$1,925,084 $260,197 |
$3,124,863 |
3 |
$5,575,584 |
$2,023,296 $273,204 |
$3,279,084 |
4 |
$5,854,464 |
$2,126,482 $286,869 |
$3,441,113 |
5 |
$6,147,120 |
$2,234,765 $301,209 |
$3,611,146 |
6 |
$6,454,560 |
$2,348,518 $316,273 |
$3,789,769 |
7 |
$6,777,120 |
$2,467,865 $332,079 |
$3,977,176 |
8 |
$7,116,144 |
$2,593,304 $348,691 |
$4,174,149 |
9 |
$7,471,968 |
$2,724,959 $366,126 |
$4,380,883 |
10 |
$7,845,600 |
$2,863,202 $384,434 |
$4,597,964 |
11 |
$8,237,712 |
$3,008,284 $403,648 |
$4,825,780 |
12 |
$8,649,648 |
$3,160,700 $423,833 |
$5,065,115 |
13 |
$9,082,080 |
$3,320,700 $445,022 |
$5,316,358 |
14 |
$9,536,352 |
$3,488,781 $467,281 |
$5,580,290 |
15 |
$10,013,136 |
$3,665,191 $490,644 |
$5,857,301 |
16 |
$10,513,776 |
$3,850,428 $515,175 |
$6,148,173 |
17 |
$11,039,280 |
$4,044,864 $540,925 |
$6,453,491 |
18 |
$11,591,328 |
$4,249,122 $567,975 |
$6,774,231 |
19 |
$12,170,928 |
$4,463,574 $596,375 |
$7,110,979 |
20 |
$12,779,424 |
$4,688,717 $626,192 |
$7,464,515 |
21 |
$13,418,496 |
$4,925,174 $657,506 |
$7,835,816 |
22 |
$14,089,488 |
$5,173,441 $690,385 |
$8,225,662 |
23 |
$14,793,744 |
$5,434,016 $724,893 |
$8,634,835 |
24 |
$15,533,616 |
$5,707,768 $761,147 |
$9,064,701 |
25 |
$16,310,112 |
$5,995,072 $799,195 |
$9,515,845 |
26 |
$17,125,920 |
$6,296,921 $839,170 |
$9,989,829 |
27 |
$17,982,048 |
$6,613,688 $881,120 |
$10,487,240 |
28 |
$18,881,184 |
$6,946,368 $925,178 |
$11,009,638 |
29 |
$19,825,344 |
$7,295,708 $971,442 |
$11,558,194 |
30 |
$20,816,544 |
$7,662,452 $1,020,011 |
$12,134,081 |
|
|