West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 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 Aug 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(6.5%)	$7,397,000
Net Lumpsum Payment	$64,336,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$247,514	$2,191,135
2	$3,998,412	-$1,439,743 -$259,897	$2,298,772
3	$4,198,282	-$1,513,695 -$272,888	$2,411,699
4	$4,408,272	-$1,591,391 -$286,538	$2,530,343
5	$4,628,635	-$1,672,925 -$300,861	$2,654,849
6	$4,860,130	-$1,758,578 -$315,908	$2,785,644
7	$5,103,010	-$1,848,444 -$331,696	$2,922,870
8	$5,358,287	-$1,942,897 -$348,289	$3,067,101
9	$5,626,214	-$2,042,030 -$365,704	$3,218,480
10	$5,907,550	-$2,146,124 -$383,991	$3,377,435
11	$6,202,801	-$2,255,367 -$403,182	$3,544,252
12	$6,512,979	-$2,370,133 -$423,344	$3,719,502
13	$6,838,590	-$2,490,609 -$444,508	$3,903,473
14	$7,180,646	-$2,617,169 -$466,742	$4,096,735
15	$7,539,653	-$2,750,002 -$490,077	$4,299,574
16	$7,916,623	-$2,889,481 -$514,580	$4,512,562
17	$8,312,315	-$3,035,887 -$540,300	$4,736,128
18	$8,727,994	-$3,189,688 -$567,320	$4,970,986
19	$9,164,419	-$3,351,165 -$595,687	$5,217,567
20	$9,622,602	-$3,520,693 -$625,469	$5,476,440
21	$10,103,808	-$3,698,739 -$656,748	$5,748,321
22	$10,609,049	-$3,885,679 -$689,588	$6,033,782
23	$11,139,337	-$4,081,885 -$724,057	$6,333,395
24	$11,696,443	-$4,288,014 -$760,269	$6,648,160
25	$12,281,126	-$4,504,347 -$798,273	$6,978,506
26	$12,895,410	-$4,731,632 -$838,202	$7,325,576
27	$13,540,054	-$4,970,150 -$880,104	$7,689,800
28	$14,217,082	-$5,220,651 -$924,110	$8,072,321
29	$14,928,012	-$5,483,695 -$970,321	$8,473,996
30	$15,674,362	-$5,759,844 -$1,018,834	$8,895,684