West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 24, 2026 is estimated to be $438 Million, with a cash option of 203.1 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 24, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 24, 2026	$438,000,000	$203,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,100,000
Federal Tax(24%)	$48,744,000
Additional Federal Tax	$26,363,330
State Tax(6.5%)	$13,201,500
Net Lumpsum Payment	$114,791,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,592,338	-$2,399,495 -$428,502	$3,764,341
2	$6,922,152	-$2,521,527 -$449,940	$3,950,685
3	$7,268,172	-$2,649,554 -$472,431	$4,146,187
4	$7,631,712	-$2,784,064 -$496,061	$4,351,587
5	$8,013,210	-$2,925,218 -$520,859	$4,567,133
6	$8,413,980	-$3,073,503 -$546,909	$4,793,568
7	$8,834,460	-$3,229,081 -$574,240	$5,031,139
8	$9,276,402	-$3,392,599 -$602,966	$5,280,837
9	$9,740,244	-$3,564,221 -$633,116	$5,542,907
10	$10,227,300	-$3,744,431 -$664,775	$5,818,094
11	$10,738,446	-$3,933,555 -$697,999	$6,106,892
12	$11,275,434	-$4,132,241 -$732,903	$6,410,290
13	$11,839,140	-$4,340,812 -$769,544	$6,728,784
14	$12,431,316	-$4,559,917 -$808,036	$7,063,363
15	$13,052,838	-$4,789,880 -$848,434	$7,414,524
16	$13,705,458	-$5,031,350 -$890,855	$7,783,253
17	$14,390,490	-$5,284,812 -$935,382	$8,170,296
18	$15,110,124	-$5,551,076 -$982,158	$8,576,890
19	$15,865,674	-$5,830,630 -$1,031,269	$9,003,775
20	$16,658,892	-$6,124,120 -$1,082,828	$9,451,944
21	$17,491,968	-$6,432,359 -$1,136,978	$9,922,631
22	$18,366,654	-$6,755,992 -$1,193,833	$10,416,829
23	$19,284,702	-$7,095,670 -$1,253,506	$10,935,526
24	$20,249,178	-$7,452,526 -$1,316,197	$11,480,455
25	$21,261,396	-$7,827,047 -$1,381,991	$12,052,358
26	$22,324,860	-$8,220,529 -$1,451,116	$12,653,215
27	$23,440,884	-$8,633,457 -$1,523,657	$13,283,770
28	$24,612,972	-$9,067,130 -$1,599,843	$13,945,999
29	$25,843,752	-$9,522,519 -$1,679,844	$14,641,389
30	$27,135,852	-$10,000,596 -$1,763,830	$15,371,426