The jackpot for the MEGA Millions draw on Tue Jan 27, 2026, is projected to be $285 Million, with an option for a cash payout of $128.6 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 Tue Jan 27, 2026 |
|---|
| Draw Date | Tue Jan 27, 2026 | | Projected Jackpot | $285,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(4%) | $5,144,000 | | Net Lumpsum Payment | $75,913,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,289,535 |
$1,547,458
$171,581 |
$2,570,496 |
| 2 |
$4,504,140 |
$1,626,862
$180,166 |
$2,697,112 |
| 3 |
$4,729,290 |
$1,710,168
$189,172 |
$2,829,950 |
| 4 |
$4,965,840 |
$1,797,691
$198,634 |
$2,969,515 |
| 5 |
$5,214,075 |
$1,889,538
$208,563 |
$3,115,974 |
| 6 |
$5,474,850 |
$1,986,025
$218,994 |
$3,269,831 |
| 7 |
$5,748,450 |
$2,087,257
$229,938 |
$3,431,255 |
| 8 |
$6,036,015 |
$2,193,656
$241,441 |
$3,600,918 |
| 9 |
$6,337,830 |
$2,305,327
$253,513 |
$3,778,990 |
| 10 |
$6,654,750 |
$2,422,588
$266,190 |
$3,965,972 |
| 11 |
$6,987,345 |
$2,545,648
$279,494 |
$4,162,203 |
| 12 |
$7,336,755 |
$2,674,930
$293,470 |
$4,368,355 |
| 13 |
$7,703,550 |
$2,810,644
$308,142 |
$4,584,764 |
| 14 |
$8,088,870 |
$2,953,212
$323,555 |
$4,812,103 |
| 15 |
$8,493,285 |
$3,102,846
$339,731 |
$5,050,708 |
| 16 |
$8,917,935 |
$3,259,966
$356,717 |
$5,301,252 |
| 17 |
$9,363,675 |
$3,424,890
$374,547 |
$5,564,238 |
| 18 |
$9,831,930 |
$3,598,144
$393,277 |
$5,840,509 |
| 19 |
$10,323,555 |
$3,780,046
$412,942 |
$6,130,567 |
| 20 |
$10,839,690 |
$3,971,016
$433,588 |
$6,435,086 |
| 21 |
$11,381,760 |
$4,171,582
$455,270 |
$6,754,908 |
| 22 |
$11,950,905 |
$4,382,165
$478,036 |
$7,090,704 |
| 23 |
$12,548,265 |
$4,603,188
$501,931 |
$7,443,146 |
| 24 |
$13,175,835 |
$4,835,389
$527,033 |
$7,813,413 |
| 25 |
$13,834,470 |
$5,079,084
$553,379 |
$8,202,007 |
| 26 |
$14,526,450 |
$5,335,117
$581,058 |
$8,610,275 |
| 27 |
$15,252,630 |
$5,603,803
$610,105 |
$9,038,722 |
| 28 |
$16,015,290 |
$5,885,988
$640,612 |
$9,488,690 |
| 29 |
$16,816,140 |
$6,182,302
$672,646 |
$9,961,192 |
| 30 |
$17,656,890 |
$6,493,380
$706,276 |
$10,457,234 |
|
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