West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 20, 2025 is estimated to be $139 Million, with a cash option of 62.3 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 May 20, 2025

Draw Date	Jackpot	Cash Option
Tue May 20, 2025	$139,000,000	$62,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,300,000
Federal Tax(24%)	$14,952,000
Additional Federal Tax	$8,059,330
State Tax(6.5%)	$4,049,500
Net Lumpsum Payment	$35,239,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,092,089	-$734,403 -$135,986	$1,221,700
2	$2,196,756	-$773,130 -$142,789	$1,280,837
3	$2,306,566	-$813,760 -$149,927	$1,342,879
4	$2,421,936	-$856,447 -$157,426	$1,408,063
5	$2,543,005	-$901,242 -$165,295	$1,476,468
6	$2,670,190	-$948,301 -$173,562	$1,548,327
7	$2,803,630	-$997,673 -$182,236	$1,623,721
8	$2,943,881	-$1,049,566 -$191,352	$1,702,963
9	$3,091,082	-$1,104,031 -$200,920	$1,786,131
10	$3,245,650	-$1,161,221 -$210,967	$1,873,462
11	$3,407,863	-$1,221,240 -$221,511	$1,965,112
12	$3,578,277	-$1,284,293 -$232,588	$2,061,396
13	$3,757,170	-$1,350,483 -$244,216	$2,162,471
14	$3,945,098	-$1,420,017 -$256,431	$2,268,650
15	$4,142,339	-$1,492,996 -$269,252	$2,380,091
16	$4,349,449	-$1,569,627 -$282,714	$2,497,108
17	$4,566,845	-$1,650,063 -$296,845	$2,619,937
18	$4,795,222	-$1,734,563 -$311,689	$2,748,970
19	$5,034,997	-$1,823,279 -$327,275	$2,884,443
20	$5,286,726	-$1,916,419 -$343,637	$3,026,670
21	$5,551,104	-$2,014,239 -$360,822	$3,176,043
22	$5,828,687	-$2,116,945 -$378,865	$3,332,877
23	$6,120,031	-$2,224,742 -$397,802	$3,497,487
24	$6,426,109	-$2,337,991 -$417,697	$3,670,421
25	$6,747,338	-$2,456,845 -$438,577	$3,851,916
26	$7,084,830	-$2,581,717 -$460,514	$4,042,599
27	$7,439,002	-$2,712,761 -$483,535	$4,242,706
28	$7,810,966	-$2,850,388 -$507,713	$4,452,865
29	$8,201,556	-$2,994,906 -$533,101	$4,673,549
30	$8,611,606	-$3,146,625 -$559,754	$4,905,227