The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(6.5%) | $9,470,500 | | Net Lumpsum Payment | $82,360,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$318,931 |
$2,811,913 |
| 2 |
$5,152,104 |
$1,866,609
$334,887 |
$2,950,608 |
| 3 |
$5,409,644 |
$1,961,899
$351,627 |
$3,096,118 |
| 4 |
$5,680,224 |
$2,062,013
$369,215 |
$3,248,996 |
| 5 |
$5,964,170 |
$2,167,073
$387,671 |
$3,409,426 |
| 6 |
$6,262,460 |
$2,277,441
$407,060 |
$3,577,959 |
| 7 |
$6,575,420 |
$2,393,236
$427,402 |
$3,754,782 |
| 8 |
$6,904,354 |
$2,514,941
$448,783 |
$3,940,630 |
| 9 |
$7,249,588 |
$2,642,678
$471,223 |
$4,135,687 |
| 10 |
$7,612,100 |
$2,776,807
$494,787 |
$4,340,506 |
| 11 |
$7,992,542 |
$2,917,571
$519,515 |
$4,555,456 |
| 12 |
$8,392,218 |
$3,065,451
$545,494 |
$4,781,273 |
| 13 |
$8,811,780 |
$3,220,689
$572,766 |
$5,018,325 |
| 14 |
$9,252,532 |
$3,383,767
$601,415 |
$5,267,350 |
| 15 |
$9,715,126 |
$3,554,927
$631,483 |
$5,528,716 |
| 16 |
$10,200,866 |
$3,734,651
$663,056 |
$5,803,159 |
| 17 |
$10,710,730 |
$3,923,300
$696,197 |
$6,091,233 |
| 18 |
$11,246,348 |
$4,121,479
$731,013 |
$6,393,856 |
| 19 |
$11,808,698 |
$4,329,549
$767,565 |
$6,711,584 |
| 20 |
$12,399,084 |
$4,547,991
$805,940 |
$7,045,153 |
| 21 |
$13,019,136 |
$4,777,411
$846,244 |
$7,395,481 |
| 22 |
$13,670,158 |
$5,018,289
$888,560 |
$7,763,309 |
| 23 |
$14,353,454 |
$5,271,108
$932,975 |
$8,149,371 |
| 24 |
$15,071,306 |
$5,536,714
$979,635 |
$8,554,957 |
| 25 |
$15,824,692 |
$5,815,466
$1,028,605 |
$8,980,621 |
| 26 |
$16,616,220 |
$6,108,332
$1,080,054 |
$9,427,834 |
| 27 |
$17,446,868 |
$6,415,672
$1,134,046 |
$9,897,150 |
| 28 |
$18,319,244 |
$6,738,451
$1,190,751 |
$10,390,042 |
| 29 |
$19,235,304 |
$7,077,393
$1,250,295 |
$10,907,616 |
| 30 |
$20,197,004 |
$7,433,222
$1,312,805 |
$11,450,977 |
|
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