The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025 |
Draw Date |
Tue Jun 10, 2025 |
Projected Jackpot |
$243,000,000 |
Cash Value |
$108,000,000 |
Lumpsum Option Taxes and Payment |
Cash Gross Payment |
$108,000,000 |
Federal Tax(24%) |
$25,920,000 |
Additional Federal Tax |
$14,000,330 |
State Tax(4.9%) |
$5,292,000 |
Net Lumpsum Payment |
$62,787,670 |
Annuity Payment in 30 Installations |
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,657,393 |
$1,313,566
$179,212 |
$2,164,615 |
2 |
$3,840,372 |
$1,381,268
$188,178 |
$2,270,926 |
3 |
$4,032,342 |
$1,452,297
$197,585 |
$2,382,460 |
4 |
$4,234,032 |
$1,526,922
$207,468 |
$2,499,642 |
5 |
$4,445,685 |
$1,605,234
$217,839 |
$2,622,612 |
6 |
$4,668,030 |
$1,687,501
$228,733 |
$2,751,796 |
7 |
$4,901,310 |
$1,773,815
$240,164 |
$2,887,331 |
8 |
$5,146,497 |
$1,864,534
$252,178 |
$3,029,785 |
9 |
$5,403,834 |
$1,959,749
$264,788 |
$3,179,297 |
10 |
$5,674,050 |
$2,059,729
$278,028 |
$3,336,293 |
11 |
$5,957,631 |
$2,164,654
$291,924 |
$3,501,053 |
12 |
$6,255,549 |
$2,274,884
$306,522 |
$3,674,143 |
13 |
$6,568,290 |
$2,390,598
$321,846 |
$3,855,846 |
14 |
$6,896,826 |
$2,512,156
$337,944 |
$4,046,726 |
15 |
$7,241,643 |
$2,639,738
$354,841 |
$4,247,064 |
16 |
$7,603,713 |
$2,773,704
$372,582 |
$4,457,427 |
17 |
$7,983,765 |
$2,914,323
$391,204 |
$4,678,238 |
18 |
$8,383,014 |
$3,062,046
$410,768 |
$4,910,200 |
19 |
$8,802,189 |
$3,217,140
$431,307 |
$5,153,742 |
20 |
$9,242,262 |
$3,379,967
$452,871 |
$5,409,424 |
21 |
$9,704,448 |
$3,550,976
$475,518 |
$5,677,954 |
22 |
$10,189,719 |
$3,730,526
$499,296 |
$5,959,897 |
23 |
$10,699,047 |
$3,918,978
$524,253 |
$6,255,816 |
24 |
$11,234,133 |
$4,116,960
$550,473 |
$6,566,700 |
25 |
$11,795,706 |
$4,324,742
$577,990 |
$6,892,974 |
26 |
$12,385,710 |
$4,543,043
$606,900 |
$7,235,767 |
27 |
$13,004,874 |
$4,772,134
$637,239 |
$7,595,501 |
28 |
$13,655,142 |
$5,012,733
$669,102 |
$7,973,307 |
29 |
$14,337,972 |
$5,265,380
$702,561 |
$8,370,031 |
30 |
$15,054,822 |
$5,530,615
$737,686 |
$8,786,521 |
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