The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(6.5%) | $13,201,500 | | Net Lumpsum Payment | $114,791,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$428,502 |
$3,764,341 |
| 2 |
$6,922,152 |
$2,521,527
$449,940 |
$3,950,685 |
| 3 |
$7,268,172 |
$2,649,554
$472,431 |
$4,146,187 |
| 4 |
$7,631,712 |
$2,784,064
$496,061 |
$4,351,587 |
| 5 |
$8,013,210 |
$2,925,218
$520,859 |
$4,567,133 |
| 6 |
$8,413,980 |
$3,073,503
$546,909 |
$4,793,568 |
| 7 |
$8,834,460 |
$3,229,081
$574,240 |
$5,031,139 |
| 8 |
$9,276,402 |
$3,392,599
$602,966 |
$5,280,837 |
| 9 |
$9,740,244 |
$3,564,221
$633,116 |
$5,542,907 |
| 10 |
$10,227,300 |
$3,744,431
$664,775 |
$5,818,094 |
| 11 |
$10,738,446 |
$3,933,555
$697,999 |
$6,106,892 |
| 12 |
$11,275,434 |
$4,132,241
$732,903 |
$6,410,290 |
| 13 |
$11,839,140 |
$4,340,812
$769,544 |
$6,728,784 |
| 14 |
$12,431,316 |
$4,559,917
$808,036 |
$7,063,363 |
| 15 |
$13,052,838 |
$4,789,880
$848,434 |
$7,414,524 |
| 16 |
$13,705,458 |
$5,031,350
$890,855 |
$7,783,253 |
| 17 |
$14,390,490 |
$5,284,812
$935,382 |
$8,170,296 |
| 18 |
$15,110,124 |
$5,551,076
$982,158 |
$8,576,890 |
| 19 |
$15,865,674 |
$5,830,630
$1,031,269 |
$9,003,775 |
| 20 |
$16,658,892 |
$6,124,120
$1,082,828 |
$9,451,944 |
| 21 |
$17,491,968 |
$6,432,359
$1,136,978 |
$9,922,631 |
| 22 |
$18,366,654 |
$6,755,992
$1,193,833 |
$10,416,829 |
| 23 |
$19,284,702 |
$7,095,670
$1,253,506 |
$10,935,526 |
| 24 |
$20,249,178 |
$7,452,526
$1,316,197 |
$11,480,455 |
| 25 |
$21,261,396 |
$7,827,047
$1,381,991 |
$12,052,358 |
| 26 |
$22,324,860 |
$8,220,529
$1,451,116 |
$12,653,215 |
| 27 |
$23,440,884 |
$8,633,457
$1,523,657 |
$13,283,770 |
| 28 |
$24,612,972 |
$9,067,130
$1,599,843 |
$13,945,999 |
| 29 |
$25,843,752 |
$9,522,519
$1,679,844 |
$14,641,389 |
| 30 |
$27,135,852 |
$10,000,596
$1,763,830 |
$15,371,426 |
|
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