West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 25, 2025 is estimated to be $181 Million, with a cash option of 82.7 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 West Virginia, your state will take 6.5% 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.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Feb 25, 2025

Draw Date	Jackpot	Cash Option
Tue Feb 25, 2025	$181,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(6.5%)	$5,375,500
Net Lumpsum Payment	$46,765,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,724,231	-$968,296 -$177,075	$1,578,860
2	$2,860,524	-$1,018,724 -$185,934	$1,655,866
3	$3,003,514	-$1,071,631 -$195,228	$1,736,655
4	$3,153,744	-$1,127,216 -$204,993	$1,821,535
5	$3,311,395	-$1,185,547 -$215,241	$1,910,607
6	$3,477,010	-$1,246,824 -$226,006	$2,004,180
7	$3,650,770	-$1,311,115 -$237,300	$2,102,355
8	$3,833,399	-$1,378,688 -$249,171	$2,205,540
9	$4,025,078	-$1,449,609 -$261,630	$2,313,839
10	$4,226,350	-$1,524,080 -$274,713	$2,427,557
11	$4,437,577	-$1,602,234 -$288,443	$2,546,900
12	$4,659,483	-$1,684,339 -$302,866	$2,672,278
13	$4,892,430	-$1,770,529 -$318,008	$2,803,893
14	$5,137,142	-$1,861,073 -$333,914	$2,942,155
15	$5,393,981	-$1,956,103 -$350,609	$3,087,269
16	$5,663,671	-$2,055,889 -$368,139	$3,239,643
17	$5,946,755	-$2,160,630 -$386,539	$3,399,586
18	$6,244,138	-$2,270,661 -$405,869	$3,567,608
19	$6,556,363	-$2,386,185 -$426,164	$3,744,014
20	$6,884,154	-$2,507,467 -$447,470	$3,929,217
21	$7,228,416	-$2,634,844 -$469,847	$4,123,725
22	$7,589,873	-$2,768,583 -$493,342	$4,327,948
23	$7,969,249	-$2,908,953 -$518,001	$4,542,295
24	$8,367,811	-$3,056,420 -$543,908	$4,767,483
25	$8,786,102	-$3,211,188 -$571,097	$5,003,817
26	$9,225,570	-$3,373,791 -$599,662	$5,252,117
27	$9,686,758	-$3,544,431 -$629,639	$5,512,688
28	$10,171,114	-$3,723,643 -$661,122	$5,786,349
29	$10,679,724	-$3,911,828 -$694,182	$6,073,714
30	$11,213,674	-$4,109,390 -$728,889	$6,375,395