The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 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 Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | 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 |
$4,861,473 |
$1,759,075
$315,996 |
$2,786,402 |
| 2 |
$5,104,692 |
$1,849,066
$331,805 |
$2,923,821 |
| 3 |
$5,359,862 |
$1,943,479
$348,391 |
$3,067,992 |
| 4 |
$5,627,952 |
$2,042,673
$365,817 |
$3,219,462 |
| 5 |
$5,909,285 |
$2,146,766
$384,104 |
$3,378,415 |
| 6 |
$6,204,830 |
$2,256,117
$403,314 |
$3,545,399 |
| 7 |
$6,514,910 |
$2,370,847
$423,469 |
$3,720,594 |
| 8 |
$6,840,817 |
$2,491,433
$444,653 |
$3,904,731 |
| 9 |
$7,182,874 |
$2,617,994
$466,887 |
$4,097,993 |
| 10 |
$7,542,050 |
$2,750,889
$490,233 |
$4,300,928 |
| 11 |
$7,918,991 |
$2,890,357
$514,734 |
$4,513,900 |
| 12 |
$8,314,989 |
$3,036,876
$540,474 |
$4,737,639 |
| 13 |
$8,730,690 |
$3,190,686
$567,495 |
$4,972,509 |
| 14 |
$9,167,386 |
$3,352,263
$595,880 |
$5,219,243 |
| 15 |
$9,625,723 |
$3,521,848
$625,672 |
$5,478,203 |
| 16 |
$10,106,993 |
$3,699,918
$656,955 |
$5,750,120 |
| 17 |
$10,612,165 |
$3,886,831
$689,791 |
$6,035,543 |
| 18 |
$11,142,854 |
$4,083,186
$724,286 |
$6,335,382 |
| 19 |
$11,700,029 |
$4,289,341
$760,502 |
$6,650,186 |
| 20 |
$12,284,982 |
$4,505,774
$798,524 |
$6,980,684 |
| 21 |
$12,899,328 |
$4,733,082
$838,456 |
$7,327,790 |
| 22 |
$13,544,359 |
$4,971,743
$880,383 |
$7,692,233 |
| 23 |
$14,221,367 |
$5,222,236
$924,389 |
$8,074,742 |
| 24 |
$14,932,613 |
$5,485,397
$970,620 |
$8,476,596 |
| 25 |
$15,679,066 |
$5,761,585
$1,019,139 |
$8,898,342 |
| 26 |
$16,463,310 |
$6,051,755
$1,070,115 |
$9,341,440 |
| 27 |
$17,286,314 |
$6,356,267
$1,123,610 |
$9,806,437 |
| 28 |
$18,150,662 |
$6,676,075
$1,179,793 |
$10,294,794 |
| 29 |
$19,058,292 |
$7,011,898
$1,238,789 |
$10,807,605 |
| 30 |
$20,011,142 |
$7,364,453
$1,300,724 |
$11,345,965 |
|
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