West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(6.5%)	$4,413,500
Net Lumpsum Payment	$38,403,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$146,747	$1,315,242
2	$2,370,600	-$837,452 -$154,089	$1,379,059
3	$2,489,100	-$881,297 -$161,792	$1,446,011
4	$2,613,600	-$927,362 -$169,884	$1,516,354
5	$2,744,250	-$975,703 -$178,376	$1,590,171
6	$2,881,500	-$1,026,485 -$187,298	$1,667,717
7	$3,025,500	-$1,079,765 -$196,658	$1,749,077
8	$3,176,850	-$1,135,765 -$206,495	$1,834,590
9	$3,335,700	-$1,194,539 -$216,821	$1,924,340
10	$3,502,500	-$1,256,255 -$227,663	$2,018,582
11	$3,677,550	-$1,321,024 -$239,041	$2,117,485
12	$3,861,450	-$1,389,067 -$250,994	$2,221,389
13	$4,054,500	-$1,460,495 -$263,543	$2,330,462
14	$4,257,300	-$1,535,531 -$276,725	$2,445,044
15	$4,470,150	-$1,614,286 -$290,560	$2,565,304
16	$4,693,650	-$1,696,981 -$305,087	$2,691,582
17	$4,928,250	-$1,783,783 -$320,336	$2,824,131
18	$5,174,700	-$1,874,969 -$336,356	$2,963,375
19	$5,433,450	-$1,970,707 -$353,174	$3,109,569
20	$5,705,100	-$2,071,217 -$370,832	$3,263,051
21	$5,990,400	-$2,176,778 -$389,376	$3,424,246
22	$6,289,950	-$2,287,612 -$408,847	$3,593,491
23	$6,604,350	-$2,403,940 -$429,283	$3,771,127
24	$6,934,650	-$2,526,151 -$450,752	$3,957,747
25	$7,281,300	-$2,654,411 -$473,285	$4,153,604
26	$7,645,500	-$2,789,165 -$496,958	$4,359,377
27	$8,027,700	-$2,930,579 -$521,801	$4,575,320
28	$8,429,100	-$3,079,097 -$547,892	$4,802,111
29	$8,850,600	-$3,235,052 -$575,289	$5,040,259
30	$9,293,100	-$3,398,777 -$604,052	$5,290,271