Virginia Lottery

VALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 19, 2026 is estimated to be $452 Million, with a cash option of 201 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 Fri Jun 19, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 19, 2026	$452,000,000	$201,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$201,000,000
Federal Tax(24%)	$48,240,000
Additional Federal Tax	$26,090,330
State Tax(4%)	$8,040,000
Net Lumpsum Payment	$118,629,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,803,052	-$2,477,460 -$272,122	$4,053,470
2	$7,143,408	-$2,603,391 -$285,736	$4,254,281
3	$7,500,488	-$2,735,511 -$300,020	$4,464,957
4	$7,875,648	-$2,874,320 -$315,026	$4,686,302
5	$8,269,340	-$3,019,986 -$330,774	$4,918,580
6	$8,682,920	-$3,173,011 -$347,317	$5,162,592
7	$9,116,840	-$3,333,561 -$364,674	$5,418,605
8	$9,572,908	-$3,502,306 -$382,916	$5,687,686
9	$10,051,576	-$3,679,414 -$402,063	$5,970,099
10	$10,554,200	-$3,865,384 -$422,168	$6,266,648
11	$11,081,684	-$4,060,553 -$443,267	$6,577,864
12	$11,635,836	-$4,265,590 -$465,433	$6,904,813
13	$12,217,560	-$4,480,828 -$488,702	$7,248,030
14	$12,828,664	-$4,706,936 -$513,147	$7,608,581
15	$13,470,052	-$4,944,250 -$538,802	$7,987,000
16	$14,143,532	-$5,193,437 -$565,741	$8,384,354
17	$14,850,460	-$5,455,001 -$594,018	$8,801,441
18	$15,593,096	-$5,729,776 -$623,724	$9,239,596
19	$16,372,796	-$6,018,265 -$654,912	$9,699,619
20	$17,191,368	-$6,321,137 -$687,655	$10,182,576
21	$18,051,072	-$6,639,227 -$722,043	$10,689,802
22	$18,953,716	-$6,973,205 -$758,149	$11,222,362
23	$19,901,108	-$7,323,740 -$796,044	$11,781,324
24	$20,896,412	-$7,692,003 -$835,856	$12,368,553
25	$21,940,984	-$8,078,494 -$877,639	$12,984,851
26	$23,038,440	-$8,484,553 -$921,538	$13,632,349
27	$24,190,136	-$8,910,681 -$967,605	$14,311,850
28	$25,399,688	-$9,358,215 -$1,015,988	$15,025,485
29	$26,669,808	-$9,828,159 -$1,066,792	$15,774,857
30	$28,003,208	-$10,321,517 -$1,120,128	$16,561,563