West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 16, 2026 is estimated to be $430 Million, with a cash option of 191.2 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 Jun 16, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 16, 2026	$430,000,000	$191,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$191,200,000
Federal Tax(24%)	$45,888,000
Additional Federal Tax	$24,816,330
State Tax(6.5%)	$12,428,000
Net Lumpsum Payment	$108,067,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,471,930	-$2,354,944 -$420,675	$3,696,311
2	$6,795,720	-$2,474,747 -$441,722	$3,879,251
3	$7,135,420	-$2,600,436 -$463,802	$4,071,182
4	$7,492,320	-$2,732,489 -$487,001	$4,272,830
5	$7,866,850	-$2,871,065 -$511,345	$4,484,440
6	$8,260,300	-$3,016,641 -$536,920	$4,706,739
7	$8,673,100	-$3,169,377 -$563,752	$4,939,971
8	$9,106,970	-$3,329,909 -$591,953	$5,185,108
9	$9,562,340	-$3,498,396 -$621,552	$5,442,392
10	$10,040,500	-$3,675,315 -$652,633	$5,712,552
11	$10,542,310	-$3,860,985 -$685,250	$5,996,075
12	$11,069,490	-$4,056,042 -$719,517	$6,293,931
13	$11,622,900	-$4,260,803 -$755,489	$6,606,608
14	$12,204,260	-$4,475,907 -$793,277	$6,935,076
15	$12,814,430	-$4,701,669 -$832,938	$7,279,823
16	$13,455,130	-$4,938,728 -$874,583	$7,641,819
17	$14,127,650	-$5,187,561 -$918,297	$8,021,792
18	$14,834,140	-$5,448,962 -$964,219	$8,420,959
19	$15,575,890	-$5,723,410 -$1,012,433	$8,840,047
20	$16,354,620	-$6,011,540 -$1,063,050	$9,280,030
21	$17,172,480	-$6,314,148 -$1,116,211	$9,742,121
22	$18,031,190	-$6,631,871 -$1,172,027	$10,227,292
23	$18,932,470	-$6,965,344 -$1,230,611	$10,736,515
24	$19,879,330	-$7,315,682 -$1,292,156	$11,271,492
25	$20,873,060	-$7,683,363 -$1,356,749	$11,832,948
26	$21,917,100	-$8,069,657 -$1,424,612	$12,422,831
27	$23,012,740	-$8,475,044 -$1,495,828	$13,041,868
28	$24,163,420	-$8,900,796 -$1,570,622	$13,692,002
29	$25,371,720	-$9,347,867 -$1,649,162	$14,374,691
30	$26,640,220	-$9,817,212 -$1,731,614	$15,091,394