Virginia Lottery

VALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(4%)	$3,852,000
Net Lumpsum Payment	$56,856,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$136,663	$2,055,450
2	$3,587,508	-$1,287,708 -$143,500	$2,156,300
3	$3,766,838	-$1,354,060 -$150,674	$2,262,104
4	$3,955,248	-$1,423,772 -$158,210	$2,373,266
5	$4,152,965	-$1,496,927 -$166,119	$2,489,919
6	$4,360,670	-$1,573,778 -$174,427	$2,612,465
7	$4,578,590	-$1,654,409 -$183,144	$2,741,037
8	$4,807,633	-$1,739,155 -$192,305	$2,876,173
9	$5,048,026	-$1,828,100 -$201,921	$3,018,005
10	$5,300,450	-$1,921,497 -$212,018	$3,166,935
11	$5,565,359	-$2,019,513 -$222,614	$3,323,232
12	$5,843,661	-$2,122,485 -$233,746	$3,487,430
13	$6,135,810	-$2,230,580 -$245,432	$3,659,798
14	$6,442,714	-$2,344,135 -$257,709	$3,840,870
15	$6,764,827	-$2,463,316 -$270,593	$4,030,918
16	$7,103,057	-$2,588,461 -$284,122	$4,230,474
17	$7,458,085	-$2,719,822 -$298,323	$4,439,940
18	$7,831,046	-$2,857,817 -$313,242	$4,659,987
19	$8,222,621	-$3,002,700 -$328,905	$4,891,016
20	$8,633,718	-$3,154,806 -$345,349	$5,133,563
21	$9,065,472	-$3,314,555 -$362,619	$5,388,298
22	$9,518,791	-$3,482,283 -$380,752	$5,655,756
23	$9,994,583	-$3,658,326 -$399,783	$5,936,474
24	$10,494,437	-$3,843,272 -$419,777	$6,231,388
25	$11,019,034	-$4,037,373 -$440,761	$6,540,900
26	$11,570,190	-$4,241,301 -$462,808	$6,866,081
27	$12,148,586	-$4,455,307 -$485,943	$7,207,336
28	$12,756,038	-$4,680,064 -$510,242	$7,565,732
29	$13,393,908	-$4,916,076 -$535,756	$7,942,076
30	$14,063,558	-$5,163,847 -$562,542	$8,337,169