West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 2, 2026 is estimated to be $321 Million, with a cash option of 131.1 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 Fri Oct 2, 2026

Draw Date	Jackpot	Cash Option
Fri Oct 2, 2026	$321,000,000	$131,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$131,100,000
Federal Tax(24%)	$31,464,000
Additional Federal Tax	$17,003,330
State Tax(6.5%)	$8,521,500
Net Lumpsum Payment	$74,111,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,831,371	-$1,747,938 -$314,039	$2,769,394
2	$5,073,084	-$1,837,371 -$329,750	$2,905,963
3	$5,326,674	-$1,931,200 -$346,234	$3,049,240
4	$5,593,104	-$2,029,779 -$363,552	$3,199,773
5	$5,872,695	-$2,133,228 -$381,725	$3,357,742
6	$6,166,410	-$2,241,902 -$400,817	$3,523,691
7	$6,474,570	-$2,355,921 -$420,847	$3,697,802
8	$6,798,459	-$2,475,760 -$441,900	$3,880,799
9	$7,138,398	-$2,601,538 -$463,996	$4,072,864
10	$7,495,350	-$2,733,610 -$487,198	$4,274,542
11	$7,869,957	-$2,872,214 -$511,547	$4,486,196
12	$8,263,503	-$3,017,826 -$537,128	$4,708,549
13	$8,676,630	-$3,170,683 -$563,981	$4,941,966
14	$9,110,622	-$3,331,261 -$592,190	$5,187,171
15	$9,566,121	-$3,499,795 -$621,798	$5,444,528
16	$10,044,411	-$3,676,762 -$652,887	$5,714,762
17	$10,546,455	-$3,862,519 -$685,520	$5,998,416
18	$11,073,858	-$4,057,658 -$719,801	$6,296,399
19	$11,627,583	-$4,262,536 -$755,793	$6,609,254
20	$12,208,914	-$4,477,629 -$793,579	$6,937,706
21	$12,819,456	-$4,703,529 -$833,265	$7,282,662
22	$13,460,493	-$4,940,713 -$874,932	$7,644,848
23	$14,133,309	-$5,189,655 -$918,665	$8,024,989
24	$14,840,151	-$5,451,186 -$964,610	$8,424,355
25	$15,581,982	-$5,725,664 -$1,012,829	$8,843,489
26	$16,361,370	-$6,014,037 -$1,063,489	$9,283,844
27	$17,179,278	-$6,316,663 -$1,116,653	$9,745,962
28	$18,038,274	-$6,634,492 -$1,172,488	$10,231,294
29	$18,940,284	-$6,968,235 -$1,231,118	$10,740,931
30	$19,887,234	-$7,318,607 -$1,292,670	$11,275,957