The jackpot for the MEGA Millions draw on Fri Nov 13, 2026, is projected to be $555 Million, with an option for a cash payout of $235.2 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia MEGA Millions Jackpot/Cash Option for Fri Nov 13, 2026 |
|---|
| Draw Date | Fri Nov 13, 2026 | | Projected Jackpot | $555,000,000 | | Cash Value | $235,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $235,200,000 | | Federal Tax(24%) | $56,448,000 | | Additional Federal Tax | $30,536,330 | | State Tax(4%) | $9,408,000 | | Net Lumpsum Payment | $138,807,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,353,305 |
$3,051,053
$334,132 |
$4,968,120 |
| 2 |
$8,771,220 |
$3,205,682
$350,849 |
$5,214,689 |
| 3 |
$9,209,670 |
$3,367,908
$368,387 |
$5,473,375 |
| 4 |
$9,670,320 |
$3,538,349
$386,813 |
$5,745,158 |
| 5 |
$10,153,725 |
$3,717,209
$406,149 |
$6,030,367 |
| 6 |
$10,661,550 |
$3,905,104
$426,462 |
$6,329,984 |
| 7 |
$11,194,350 |
$4,102,240
$447,774 |
$6,644,336 |
| 8 |
$11,754,345 |
$4,309,438
$470,174 |
$6,974,733 |
| 9 |
$12,342,090 |
$4,526,904
$493,684 |
$7,321,502 |
| 10 |
$12,959,250 |
$4,755,253
$518,370 |
$7,685,627 |
| 11 |
$13,606,935 |
$4,994,896
$544,277 |
$8,067,762 |
| 12 |
$14,287,365 |
$5,246,655
$571,495 |
$8,469,215 |
| 13 |
$15,001,650 |
$5,510,941
$600,066 |
$8,890,643 |
| 14 |
$15,752,010 |
$5,788,574
$630,080 |
$9,333,356 |
| 15 |
$16,539,555 |
$6,079,966
$661,582 |
$9,798,007 |
| 16 |
$17,366,505 |
$6,385,937
$694,660 |
$10,285,908 |
| 17 |
$18,234,525 |
$6,707,105
$729,381 |
$10,798,039 |
| 18 |
$19,146,390 |
$7,044,495
$765,856 |
$11,336,039 |
| 19 |
$20,103,765 |
$7,398,723
$804,151 |
$11,900,891 |
| 20 |
$21,108,870 |
$7,770,612
$844,355 |
$12,493,903 |
| 21 |
$22,164,480 |
$8,161,188
$886,579 |
$13,116,713 |
| 22 |
$23,272,815 |
$8,571,272
$930,913 |
$13,770,630 |
| 23 |
$24,436,095 |
$9,001,686
$977,444 |
$14,456,965 |
| 24 |
$25,658,205 |
$9,453,866
$1,026,328 |
$15,178,011 |
| 25 |
$26,940,810 |
$9,928,430
$1,077,632 |
$15,934,748 |
| 26 |
$28,288,350 |
$10,427,020
$1,131,534 |
$16,729,796 |
| 27 |
$29,702,490 |
$10,950,252
$1,188,100 |
$17,564,138 |
| 28 |
$31,187,670 |
$11,499,768
$1,247,507 |
$18,440,395 |
| 29 |
$32,747,220 |
$12,076,802
$1,309,889 |
$19,360,529 |
| 30 |
$34,384,470 |
$12,682,584
$1,375,379 |
$20,326,507 |
|
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