Virginia Lottery

VALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 30, 2025 is estimated to be $497 Million, with a cash option of 229.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Virginia, your state will take 4% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Virginia MEGA Millions Jackpot/Cash Option for Tue Sep 30, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 30, 2025	$497,000,000	$229,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$229,500,000
Federal Tax(24%)	$55,080,000
Additional Federal Tax	$29,795,330
State Tax(4%)	$9,180,000
Net Lumpsum Payment	$135,444,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,480,347	-$2,728,059 -$299,214	$4,453,074
2	$7,854,588	-$2,866,528 -$314,184	$4,673,876
3	$8,247,218	-$3,011,801 -$329,889	$4,905,528
4	$8,659,728	-$3,164,430 -$346,389	$5,148,909
5	$9,092,615	-$3,324,598 -$363,705	$5,404,312
6	$9,547,370	-$3,492,857 -$381,895	$5,672,618
7	$10,024,490	-$3,669,392 -$400,980	$5,954,118
8	$10,525,963	-$3,854,937 -$421,039	$6,249,987
9	$11,052,286	-$4,049,676 -$442,091	$6,560,519
10	$11,604,950	-$4,254,162 -$464,198	$6,886,590
11	$12,184,949	-$4,468,762 -$487,398	$7,228,789
12	$12,794,271	-$4,694,211 -$511,771	$7,588,289
13	$13,433,910	-$4,930,877 -$537,356	$7,965,677
14	$14,105,854	-$5,179,496 -$564,234	$8,362,124
15	$14,811,097	-$5,440,436 -$592,444	$8,778,217
16	$15,551,627	-$5,714,432 -$622,065	$9,215,130
17	$16,328,935	-$6,002,036 -$653,157	$9,673,742
18	$17,145,506	-$6,304,168 -$685,820	$10,155,518
19	$18,002,831	-$6,621,378 -$720,113	$10,661,340
20	$18,902,898	-$6,954,403 -$756,116	$11,192,379
21	$19,848,192	-$7,304,161 -$793,928	$11,750,103
22	$20,840,701	-$7,671,390 -$833,628	$12,335,683
23	$21,882,413	-$8,056,823 -$875,297	$12,950,293
24	$22,976,807	-$8,461,749 -$919,072	$13,595,986
25	$24,125,374	-$8,886,719 -$965,015	$14,273,640
26	$25,332,090	-$9,333,204 -$1,013,284	$14,985,602
27	$26,598,446	-$9,801,755 -$1,063,938	$15,732,753
28	$27,928,418	-$10,293,845 -$1,117,137	$16,517,436
29	$29,324,988	-$10,810,576 -$1,173,000	$17,341,412
30	$30,791,138	-$11,353,051 -$1,231,646	$18,206,441