The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(4%) | $7,860,000 | | Net Lumpsum Payment | $115,974,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$254,663 |
$3,795,948 |
| 2 |
$6,685,092 |
$2,433,814
$267,404 |
$3,983,874 |
| 3 |
$7,019,262 |
$2,557,457
$280,770 |
$4,181,035 |
| 4 |
$7,370,352 |
$2,687,361
$294,814 |
$4,388,177 |
| 5 |
$7,738,785 |
$2,823,681
$309,551 |
$4,605,553 |
| 6 |
$8,125,830 |
$2,966,887
$325,033 |
$4,833,910 |
| 7 |
$8,531,910 |
$3,117,137
$341,276 |
$5,073,497 |
| 8 |
$8,958,717 |
$3,275,056
$358,349 |
$5,325,312 |
| 9 |
$9,406,674 |
$3,440,800
$376,267 |
$5,589,607 |
| 10 |
$9,877,050 |
$3,614,839
$395,082 |
$5,867,129 |
| 11 |
$10,370,691 |
$3,797,486
$414,828 |
$6,158,377 |
| 12 |
$10,889,289 |
$3,989,367
$435,572 |
$6,464,350 |
| 13 |
$11,433,690 |
$4,190,796
$457,348 |
$6,785,546 |
| 14 |
$12,005,586 |
$4,402,397
$480,223 |
$7,122,966 |
| 15 |
$12,605,823 |
$4,624,485
$504,233 |
$7,477,105 |
| 16 |
$13,236,093 |
$4,857,685
$529,444 |
$7,848,964 |
| 17 |
$13,897,665 |
$5,102,466
$555,907 |
$8,239,292 |
| 18 |
$14,592,654 |
$5,359,612
$583,706 |
$8,649,336 |
| 19 |
$15,322,329 |
$5,629,592
$612,893 |
$9,079,844 |
| 20 |
$16,088,382 |
$5,913,032
$643,535 |
$9,531,815 |
| 21 |
$16,892,928 |
$6,210,714
$675,717 |
$10,006,497 |
| 22 |
$17,737,659 |
$6,523,264
$709,506 |
$10,504,889 |
| 23 |
$18,624,267 |
$6,851,309
$744,971 |
$11,027,987 |
| 24 |
$19,555,713 |
$7,195,944
$782,229 |
$11,577,540 |
| 25 |
$20,533,266 |
$7,557,639
$821,331 |
$12,154,296 |
| 26 |
$21,560,310 |
$7,937,645
$862,412 |
$12,760,253 |
| 27 |
$22,638,114 |
$8,336,433
$905,525 |
$13,396,156 |
| 28 |
$23,770,062 |
$8,755,253
$950,802 |
$14,064,007 |
| 29 |
$24,958,692 |
$9,195,046
$998,348 |
$14,765,298 |
| 30 |
$26,206,542 |
$9,656,751
$1,048,262 |
$15,501,529 |
|
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