West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 3, 2026 is estimated to be $323 Million, with a cash option of 145.7 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 Feb 3, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 3, 2026	$323,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(6.5%)	$9,470,500
Net Lumpsum Payment	$82,360,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,861,473	-$1,759,075 -$315,996	$2,786,402
2	$5,104,692	-$1,849,066 -$331,805	$2,923,821
3	$5,359,862	-$1,943,479 -$348,391	$3,067,992
4	$5,627,952	-$2,042,673 -$365,817	$3,219,462
5	$5,909,285	-$2,146,766 -$384,104	$3,378,415
6	$6,204,830	-$2,256,117 -$403,314	$3,545,399
7	$6,514,910	-$2,370,847 -$423,469	$3,720,594
8	$6,840,817	-$2,491,433 -$444,653	$3,904,731
9	$7,182,874	-$2,617,994 -$466,887	$4,097,993
10	$7,542,050	-$2,750,889 -$490,233	$4,300,928
11	$7,918,991	-$2,890,357 -$514,734	$4,513,900
12	$8,314,989	-$3,036,876 -$540,474	$4,737,639
13	$8,730,690	-$3,190,686 -$567,495	$4,972,509
14	$9,167,386	-$3,352,263 -$595,880	$5,219,243
15	$9,625,723	-$3,521,848 -$625,672	$5,478,203
16	$10,106,993	-$3,699,918 -$656,955	$5,750,120
17	$10,612,165	-$3,886,831 -$689,791	$6,035,543
18	$11,142,854	-$4,083,186 -$724,286	$6,335,382
19	$11,700,029	-$4,289,341 -$760,502	$6,650,186
20	$12,284,982	-$4,505,774 -$798,524	$6,980,684
21	$12,899,328	-$4,733,082 -$838,456	$7,327,790
22	$13,544,359	-$4,971,743 -$880,383	$7,692,233
23	$14,221,367	-$5,222,236 -$924,389	$8,074,742
24	$14,932,613	-$5,485,397 -$970,620	$8,476,596
25	$15,679,066	-$5,761,585 -$1,019,139	$8,898,342
26	$16,463,310	-$6,051,755 -$1,070,115	$9,341,440
27	$17,286,314	-$6,356,267 -$1,123,610	$9,806,437
28	$18,150,662	-$6,676,075 -$1,179,793	$10,294,794
29	$19,058,292	-$7,011,898 -$1,238,789	$10,807,605
30	$20,011,142	-$7,364,453 -$1,300,724	$11,345,965