West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(6.5%)	$864,500
Net Lumpsum Payment	$7,554,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$28,371	$286,280
2	$458,316	-$129,907 -$29,791	$298,618
3	$481,226	-$138,384 -$31,280	$311,562
4	$505,296	-$147,290 -$32,844	$325,162
5	$530,555	-$156,636 -$34,486	$339,433
6	$557,090	-$166,454 -$36,211	$354,425
7	$584,930	-$176,754 -$38,020	$370,156
8	$614,191	-$187,581 -$39,922	$386,688
9	$644,902	-$198,944 -$41,919	$404,039
10	$677,150	-$210,876 -$44,015	$422,259
11	$710,993	-$223,398 -$46,215	$441,380
12	$746,547	-$236,553 -$48,526	$461,468
13	$783,870	-$250,362 -$50,952	$482,556
14	$823,078	-$264,869 -$53,500	$504,709
15	$864,229	-$280,095 -$56,175	$527,959
16	$907,439	-$296,083 -$58,984	$552,372
17	$952,795	-$312,865 -$61,932	$577,998
18	$1,000,442	-$330,494 -$65,029	$604,919
19	$1,050,467	-$349,003 -$68,280	$633,184
20	$1,102,986	-$368,435 -$71,694	$662,857
21	$1,158,144	-$388,844 -$75,279	$694,021
22	$1,216,057	-$410,271 -$79,044	$726,742
23	$1,276,841	-$432,762 -$82,995	$761,084
24	$1,340,699	-$456,389 -$87,145	$797,165
25	$1,407,718	-$481,186 -$91,502	$835,030
26	$1,478,130	-$507,238 -$96,078	$874,814
27	$1,552,022	-$534,579 -$100,881	$916,562
28	$1,629,626	-$563,292 -$105,926	$960,408
29	$1,711,116	-$593,443 -$111,223	$1,006,450
30	$1,796,666	-$625,097 -$116,783	$1,054,786