Virginia Lottery

VALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 6, 2025 is estimated to be $223 Million, with a cash option of 99.4 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 6, 2025

Draw Date Jackpot Cash Option
Fri Jun 6, 2025$223,000,000$99,400,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$99,400,000
Federal Tax(24%)$23,856,000
Additional Federal Tax$12,882,330
State Tax(4%)$3,976,000
Net Lumpsum Payment$58,685,670

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $3,356,373 -$1,202,188
-$134,255
$2,019,930
2 $3,524,292 -$1,264,318
-$140,972
$2,119,002
3 $3,700,462 -$1,329,501
-$148,018
$2,222,943
4 $3,885,552 -$1,397,985
-$155,422
$2,332,145
5 $4,079,785 -$1,469,851
-$163,191
$2,446,743
6 $4,283,830 -$1,545,347
-$171,353
$2,567,130
7 $4,497,910 -$1,624,557
-$179,916
$2,693,437
8 $4,722,917 -$1,707,810
-$188,917
$2,826,190
9 $4,959,074 -$1,795,188
-$198,363
$2,965,523
10 $5,207,050 -$1,886,939
-$208,282
$3,111,829
11 $5,467,291 -$1,983,228
-$218,692
$3,265,371
12 $5,740,689 -$2,084,385
-$229,628
$3,426,676
13 $6,027,690 -$2,190,576
-$241,108
$3,596,006
14 $6,329,186 -$2,302,129
-$253,167
$3,773,890
15 $6,645,623 -$2,419,211
-$265,825
$3,960,587
16 $6,977,893 -$2,542,151
-$279,116
$4,156,626
17 $7,326,665 -$2,671,196
-$293,067
$4,362,402
18 $7,693,054 -$2,806,760
-$307,722
$4,578,572
19 $8,077,729 -$2,949,090
-$323,109
$4,805,530
20 $8,481,582 -$3,098,516
-$339,263
$5,043,803
21 $8,905,728 -$3,255,450
-$356,229
$5,294,049
22 $9,351,059 -$3,420,222
-$374,042
$5,556,795
23 $9,818,467 -$3,593,163
-$392,739
$5,832,565
24 $10,309,513 -$3,774,850
-$412,381
$6,122,282
25 $10,824,866 -$3,965,531
-$432,995
$6,426,340
26 $11,366,310 -$4,165,865
-$454,652
$6,745,793
27 $11,934,514 -$4,376,101
-$477,381
$7,081,032
28 $12,531,262 -$4,596,897
-$501,250
$7,433,115
29 $13,157,892 -$4,828,750
-$526,316
$7,802,826
30 $13,815,742 -$5,072,155
-$552,630
$8,190,957
2
2
3
Cash Option: $99.4 Million
Next Draw: Fri Jun 6
Mega Millions
Tue Jun 3, 2025
162429364513

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