West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 7, 2026 is estimated to be $576 Million, with a cash option of 253.9 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 Jul 7, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 7, 2026	$576,000,000	$253,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$253,900,000
Federal Tax(24%)	$60,936,000
Additional Federal Tax	$32,967,330
State Tax(6.5%)	$16,503,500
Net Lumpsum Payment	$143,493,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,669,376	-$3,168,000 -$563,509	$4,937,867
2	$9,103,104	-$3,328,479 -$591,702	$5,182,923
3	$9,558,144	-$3,496,844 -$621,279	$5,440,021
4	$10,036,224	-$3,673,733 -$652,355	$5,710,136
5	$10,537,920	-$3,859,361 -$684,965	$5,993,594
6	$11,064,960	-$4,054,366 -$719,222	$6,291,372
7	$11,617,920	-$4,258,961 -$755,165	$6,603,794
8	$12,199,104	-$4,473,999 -$792,942	$6,932,163
9	$12,809,088	-$4,699,693 -$832,591	$7,276,804
10	$13,449,600	-$4,936,682 -$874,224	$7,638,694
11	$14,121,792	-$5,185,393 -$917,916	$8,018,483
12	$14,827,968	-$5,446,679 -$963,818	$8,417,471
13	$15,569,280	-$5,720,964 -$1,012,003	$8,836,313
14	$16,348,032	-$6,009,102 -$1,062,622	$9,276,308
15	$17,165,376	-$6,311,520 -$1,115,749	$9,738,107
16	$18,023,616	-$6,629,068 -$1,171,535	$10,223,013
17	$18,924,480	-$6,962,388 -$1,230,091	$10,732,001
18	$19,870,848	-$7,312,544 -$1,291,605	$11,266,699
19	$20,864,448	-$7,680,176 -$1,356,189	$11,828,083
20	$21,907,584	-$8,066,136 -$1,423,993	$12,417,455
21	$23,003,136	-$8,471,491 -$1,495,204	$13,036,441
22	$24,153,408	-$8,897,091 -$1,569,972	$13,686,345
23	$25,360,704	-$9,343,791 -$1,648,446	$14,368,467
24	$26,629,056	-$9,813,081 -$1,730,889	$15,085,086
25	$27,960,192	-$10,305,601 -$1,817,412	$15,837,179
26	$29,358,720	-$10,823,057 -$1,908,317	$16,627,346
27	$30,826,368	-$11,366,087 -$2,003,714	$17,456,567
28	$32,367,744	-$11,936,396 -$2,103,903	$18,327,445
29	$33,986,304	-$12,535,263 -$2,209,110	$19,241,931
30	$35,685,504	-$13,163,967 -$2,319,558	$20,201,979