West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 10, 2025 is estimated to be $243 Million, with a cash option of 108 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 Jun 10, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 10, 2025	$243,000,000	$108,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$108,000,000
Federal Tax(24%)	$25,920,000
Additional Federal Tax	$14,000,330
State Tax(6.5%)	$7,020,000
Net Lumpsum Payment	$61,059,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,657,393	-$1,313,566 -$237,731	$2,106,096
2	$3,840,372	-$1,381,268 -$249,624	$2,209,480
3	$4,032,342	-$1,452,297 -$262,102	$2,317,943
4	$4,234,032	-$1,526,922 -$275,212	$2,431,898
5	$4,445,685	-$1,605,234 -$288,970	$2,551,481
6	$4,668,030	-$1,687,501 -$303,422	$2,677,107
7	$4,901,310	-$1,773,815 -$318,585	$2,808,910
8	$5,146,497	-$1,864,534 -$334,522	$2,947,441
9	$5,403,834	-$1,959,749 -$351,249	$3,092,836
10	$5,674,050	-$2,059,729 -$368,813	$3,245,508
11	$5,957,631	-$2,164,654 -$387,246	$3,405,731
12	$6,255,549	-$2,274,884 -$406,611	$3,574,054
13	$6,568,290	-$2,390,598 -$426,939	$3,750,753
14	$6,896,826	-$2,512,156 -$448,294	$3,936,376
15	$7,241,643	-$2,639,738 -$470,707	$4,131,198
16	$7,603,713	-$2,773,704 -$494,241	$4,335,768
17	$7,983,765	-$2,914,323 -$518,945	$4,550,497
18	$8,383,014	-$3,062,046 -$544,896	$4,776,072
19	$8,802,189	-$3,217,140 -$572,142	$5,012,907
20	$9,242,262	-$3,379,967 -$600,747	$5,261,548
21	$9,704,448	-$3,550,976 -$630,789	$5,522,683
22	$10,189,719	-$3,730,526 -$662,332	$5,796,861
23	$10,699,047	-$3,918,978 -$695,438	$6,084,631
24	$11,234,133	-$4,116,960 -$730,219	$6,386,954
25	$11,795,706	-$4,324,742 -$766,721	$6,704,243
26	$12,385,710	-$4,543,043 -$805,071	$7,037,596
27	$13,004,874	-$4,772,134 -$845,317	$7,387,423
28	$13,655,142	-$5,012,733 -$887,584	$7,754,825
29	$14,337,972	-$5,265,380 -$931,968	$8,140,624
30	$15,054,822	-$5,530,615 -$978,563	$8,545,644