West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 25, 2025 is estimated to be $60 Million, with a cash option of 26.9 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 Fri Apr 25, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 25, 2025	$60,000,000	$26,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$26,900,000
Federal Tax(24%)	$6,456,000
Additional Federal Tax	$3,457,330
State Tax(6.5%)	$1,748,500
Net Lumpsum Payment	$15,238,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$58,699	$549,898
2	$948,240	-$311,179 -$61,636	$575,425
3	$995,640	-$328,717 -$64,717	$602,206
4	$1,045,440	-$347,143 -$67,954	$630,343
5	$1,097,700	-$366,479 -$71,351	$659,870
6	$1,152,600	-$386,792 -$74,919	$690,889
7	$1,210,200	-$408,104 -$78,663	$723,433
8	$1,270,740	-$430,504 -$82,598	$757,638
9	$1,334,280	-$454,014 -$86,728	$793,538
10	$1,401,000	-$478,700 -$91,065	$831,235
11	$1,471,020	-$504,608 -$95,616	$870,796
12	$1,544,580	-$531,825 -$100,398	$912,357
13	$1,621,800	-$560,396 -$105,417	$955,987
14	$1,702,920	-$590,411 -$110,690	$1,001,819
15	$1,788,060	-$621,913 -$116,224	$1,049,923
16	$1,877,460	-$654,991 -$122,035	$1,100,434
17	$1,971,300	-$689,711 -$128,135	$1,153,454
18	$2,069,880	-$726,186 -$134,542	$1,209,152
19	$2,173,380	-$764,481 -$141,270	$1,267,629
20	$2,282,040	-$804,685 -$148,333	$1,329,022
21	$2,396,160	-$846,910 -$155,750	$1,393,500
22	$2,515,980	-$891,243 -$163,539	$1,461,198
23	$2,641,740	-$937,774 -$171,713	$1,532,253
24	$2,773,860	-$986,659 -$180,301	$1,606,900
25	$2,912,520	-$1,037,963 -$189,314	$1,685,243
26	$3,058,200	-$1,091,864 -$198,783	$1,767,553
27	$3,211,080	-$1,148,430 -$208,720	$1,853,930
28	$3,371,640	-$1,207,837 -$219,157	$1,944,646
29	$3,540,240	-$1,270,219 -$230,116	$2,039,905
30	$3,717,240	-$1,335,709 -$241,621	$2,139,910