The jackpot for the MEGA Millions draw on Tue Dec 30, 2025, is projected to be $138 Million, with an option for a cash payout of $63.3 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 Dec 30, 2025 |
|---|
| Draw Date | Tue Dec 30, 2025 | | Projected Jackpot | $138,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(4%) | $2,532,000 | | Net Lumpsum Payment | $37,386,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,077,038 |
$728,834
$83,082 |
$1,265,122 |
| 2 |
$2,180,952 |
$767,283
$87,238 |
$1,326,431 |
| 3 |
$2,289,972 |
$807,620
$91,599 |
$1,390,753 |
| 4 |
$2,404,512 |
$850,000
$96,180 |
$1,458,332 |
| 5 |
$2,524,710 |
$894,473
$100,988 |
$1,529,249 |
| 6 |
$2,650,980 |
$941,193
$106,039 |
$1,603,748 |
| 7 |
$2,783,460 |
$990,211
$111,338 |
$1,681,911 |
| 8 |
$2,922,702 |
$1,041,730
$116,908 |
$1,764,064 |
| 9 |
$3,068,844 |
$1,095,803
$122,754 |
$1,850,287 |
| 10 |
$3,222,300 |
$1,152,581
$128,892 |
$1,940,827 |
| 11 |
$3,383,346 |
$1,212,168
$135,334 |
$2,035,844 |
| 12 |
$3,552,534 |
$1,274,768
$142,101 |
$2,135,665 |
| 13 |
$3,730,140 |
$1,340,482
$149,206 |
$2,240,452 |
| 14 |
$3,916,716 |
$1,409,515
$156,669 |
$2,350,532 |
| 15 |
$4,112,538 |
$1,481,969
$164,502 |
$2,466,067 |
| 16 |
$4,318,158 |
$1,558,049
$172,726 |
$2,587,383 |
| 17 |
$4,533,990 |
$1,637,907
$181,360 |
$2,714,723 |
| 18 |
$4,760,724 |
$1,721,798
$190,429 |
$2,848,497 |
| 19 |
$4,998,774 |
$1,809,877
$199,951 |
$2,988,946 |
| 20 |
$5,248,692 |
$1,902,346
$209,948 |
$3,136,398 |
| 21 |
$5,511,168 |
$1,999,463
$220,447 |
$3,291,258 |
| 22 |
$5,786,754 |
$2,101,429
$231,470 |
$3,453,855 |
| 23 |
$6,076,002 |
$2,208,451
$243,040 |
$3,624,511 |
| 24 |
$6,379,878 |
$2,320,885
$255,195 |
$3,803,798 |
| 25 |
$6,698,796 |
$2,438,885
$267,952 |
$3,991,959 |
| 26 |
$7,033,860 |
$2,562,859
$281,354 |
$4,189,647 |
| 27 |
$7,385,484 |
$2,692,959
$295,419 |
$4,397,106 |
| 28 |
$7,754,772 |
$2,829,596
$310,191 |
$4,614,985 |
| 29 |
$8,142,552 |
$2,973,075
$325,702 |
$4,843,775 |
| 30 |
$8,549,652 |
$3,123,702
$341,986 |
$5,083,964 |
|
|
