Virginia Lottery

VALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(4%)	$2,512,000
Net Lumpsum Payment	$37,091,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$84,286	$1,282,882
2	$2,212,560	-$778,978 -$88,502	$1,345,080
3	$2,323,160	-$819,900 -$92,926	$1,410,334
4	$2,439,360	-$862,894 -$97,574	$1,478,892
5	$2,561,300	-$908,011 -$102,452	$1,550,837
6	$2,689,400	-$955,408 -$107,576	$1,626,416
7	$2,823,800	-$1,005,136 -$112,952	$1,705,712
8	$2,965,060	-$1,057,403 -$118,602	$1,789,055
9	$3,113,320	-$1,112,259 -$124,533	$1,876,528
10	$3,269,000	-$1,169,860 -$130,760	$1,968,380
11	$3,432,380	-$1,230,311 -$137,295	$2,064,774
12	$3,604,020	-$1,293,818 -$144,161	$2,166,041
13	$3,784,200	-$1,360,484 -$151,368	$2,272,348
14	$3,973,480	-$1,430,518 -$158,939	$2,384,023
15	$4,172,140	-$1,504,022 -$166,886	$2,501,232
16	$4,380,740	-$1,581,204 -$175,230	$2,624,306
17	$4,599,700	-$1,662,219 -$183,988	$2,753,493
18	$4,829,720	-$1,747,327 -$193,189	$2,889,204
19	$5,071,220	-$1,836,682 -$202,849	$3,031,689
20	$5,324,760	-$1,930,492 -$212,990	$3,181,278
21	$5,591,040	-$2,029,015 -$223,642	$3,338,383
22	$5,870,620	-$2,132,460 -$234,825	$3,503,335
23	$6,164,060	-$2,241,033 -$246,562	$3,676,465
24	$6,472,340	-$2,355,096 -$258,894	$3,858,350
25	$6,795,880	-$2,474,806 -$271,835	$4,049,239
26	$7,135,800	-$2,600,576 -$285,432	$4,249,792
27	$7,492,520	-$2,732,563 -$299,701	$4,460,256
28	$7,867,160	-$2,871,180 -$314,686	$4,681,294
29	$8,260,560	-$3,016,738 -$330,422	$4,913,400
30	$8,673,560	-$3,169,548 -$346,942	$5,157,070