Lottery winnings in Arkansas are subject to both federal and state taxes. Winners of prizes between $500 and $4,999 will receive a W2-G form to file along with their taxes by the end of the year.
Here are the taxes withheld from lottery winnings for U.S. citizens or residents of Arkansas.
|Over $5,000||State Tax||5.9%|
If the winner is not a U.S. citizen or resident, the taxes withheld by the Arkansas Lottery are different.
|Over $5,000||State Tax||5.9%|
To play the Arkansas Lottery, you need to be 18 or older
Unfortunately, in the state of Arkansas, you can only purchase tickets from licensed retailers.
The club membership is free to join, and you can get updates from the latest games including winning numbers, access to contest promotions and events.
Yes, you can redeem your lottery prize winnings by mail. To redeem your lottery winnings by mail, you must print and fill out a claim form. You also must get a copy of a photo ID (driver's license, U.S. passport, passport issued by a foreign government, U.S. Armed Forces I.D., U.S. Bureau of Citizenship, and Immigration Services I.D.). Once you get all your documents, you must mail signed ticket, claim form, and copy of the I.D. to the following address:
Yes, in the state of Arkansas, winners of prizes over $500,000 can choose to remain anonymous but their identity would become public record after three years
More than 92 cents of every dollar of Arkansas Scholarship Lottery revenue goes to prizes, scholarships, retailer commissions, and other expenses in Arkansas
You have 180 days from the date of the draw to claim your winnings
If you lose your winning ticket, you are out of luck. The Arkansas Lottery is not responsible for lost, stolen or misplaced lottery tickets. Always sign the back of your ticket to prevent it from being claimed in case the winning ticket is ever lost or stolen.
All prizes that are over $600 must be claimed at the Arkansas Scholarship Lottery Claim Center or by mail.
124 W. Capitol Avenue
Little Rock, AR 72201
Open Monday - Friday, 8:00 a.m. - 4:30 p.m.
Closed on state holidays.
No claims processed after 4:15 p.m.
24% federal tax on prizes more than $5,000 and 4.9% tax on prizes more than $5,000. The Arkansas Lottery Commission is required to issue a W2-G form to prize winners of $600 or more, and those prizes are reported to the IRS.
If you win the lottery from the Arkansas Scholarship Lottery, you have two choices. You can choose annual payments or the cash option. Once a payout option has been selected it cannot be changed. Arkansas-only games cannot do annual payments, only one-time payments i.e., Natural Jackpot, etc.
Annual payments: The lottery winners can select to receive their prizes in annual payments. The number of annual payments varies by game. Jackpot prizes from Mega Millions® and Powerball® are paid in 30 annual payments. Lucky for Life® top and second prizes are paid for a minimum of 20 years.
Cash option: Lottery players may choose the cash option, which is a one-time, lump-sum payment. The cash option amount varies by game and prize value but your get all your money up front.
The official website is myarkansaslottery.com
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