The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Tue Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(4%) | $4,420,000 | | Net Lumpsum Payment | $65,234,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$157,132 |
$2,357,374 |
| 2 |
$4,124,844 |
$1,486,523
$164,994 |
$2,473,327 |
| 3 |
$4,331,034 |
$1,562,813
$173,241 |
$2,594,980 |
| 4 |
$4,547,664 |
$1,642,966
$181,907 |
$2,722,791 |
| 5 |
$4,774,995 |
$1,727,079
$191,000 |
$2,856,916 |
| 6 |
$5,013,810 |
$1,815,440
$200,552 |
$2,997,818 |
| 7 |
$5,264,370 |
$1,908,147
$210,575 |
$3,145,648 |
| 8 |
$5,527,719 |
$2,005,586
$221,109 |
$3,301,024 |
| 9 |
$5,804,118 |
$2,107,854
$232,165 |
$3,464,099 |
| 10 |
$6,094,350 |
$2,215,240
$243,774 |
$3,635,336 |
| 11 |
$6,398,937 |
$2,327,937
$255,957 |
$3,815,043 |
| 12 |
$6,718,923 |
$2,446,332
$268,757 |
$4,003,834 |
| 13 |
$7,054,830 |
$2,570,617
$282,193 |
$4,202,020 |
| 14 |
$7,407,702 |
$2,701,180
$296,308 |
$4,410,214 |
| 15 |
$7,778,061 |
$2,838,213
$311,122 |
$4,628,726 |
| 16 |
$8,166,951 |
$2,982,102
$326,678 |
$4,858,171 |
| 17 |
$8,575,155 |
$3,133,138
$343,006 |
$5,099,011 |
| 18 |
$9,003,978 |
$3,291,802
$360,159 |
$5,352,017 |
| 19 |
$9,454,203 |
$3,458,385
$378,168 |
$5,617,650 |
| 20 |
$9,926,874 |
$3,633,274
$397,075 |
$5,896,525 |
| 21 |
$10,423,296 |
$3,816,950
$416,932 |
$6,189,414 |
| 22 |
$10,944,513 |
$4,009,800
$437,781 |
$6,496,932 |
| 23 |
$11,491,569 |
$4,212,211
$459,663 |
$6,819,695 |
| 24 |
$12,066,291 |
$4,424,858
$482,652 |
$7,158,781 |
| 25 |
$12,669,462 |
$4,648,031
$506,778 |
$7,514,653 |
| 26 |
$13,303,170 |
$4,882,503
$532,127 |
$7,888,540 |
| 27 |
$13,968,198 |
$5,128,564
$558,728 |
$8,280,906 |
| 28 |
$14,666,634 |
$5,386,985
$586,665 |
$8,692,984 |
| 29 |
$15,400,044 |
$5,658,347
$616,002 |
$9,125,695 |
| 30 |
$16,169,994 |
$5,943,228
$646,800 |
$9,579,966 |
|
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