The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia MEGA Millions Jackpot/Cash Option for Tue May 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(6.5%) | $5,609,500 | | Net Lumpsum Payment | $48,799,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$190,771 |
$1,697,914 |
| 2 |
$3,081,780 |
$1,100,589
$200,316 |
$1,780,875 |
| 3 |
$3,235,830 |
$1,157,587
$210,329 |
$1,867,914 |
| 4 |
$3,397,680 |
$1,217,472
$220,849 |
$1,959,359 |
| 5 |
$3,567,525 |
$1,280,315
$231,889 |
$2,055,321 |
| 6 |
$3,745,950 |
$1,346,332
$243,487 |
$2,156,131 |
| 7 |
$3,933,150 |
$1,415,596
$255,655 |
$2,261,899 |
| 8 |
$4,129,905 |
$1,488,395
$268,444 |
$2,373,066 |
| 9 |
$4,336,410 |
$1,564,802
$281,867 |
$2,489,741 |
| 10 |
$4,553,250 |
$1,645,033
$295,961 |
$2,612,256 |
| 11 |
$4,780,815 |
$1,729,232
$310,753 |
$2,740,830 |
| 12 |
$5,019,885 |
$1,817,688
$326,293 |
$2,875,904 |
| 13 |
$5,270,850 |
$1,910,545
$342,605 |
$3,017,700 |
| 14 |
$5,534,490 |
$2,008,092
$359,742 |
$3,166,656 |
| 15 |
$5,811,195 |
$2,110,473
$377,728 |
$3,322,994 |
| 16 |
$6,101,745 |
$2,217,976
$396,613 |
$3,487,156 |
| 17 |
$6,406,725 |
$2,330,819
$416,437 |
$3,659,469 |
| 18 |
$6,727,110 |
$2,449,361
$437,262 |
$3,840,487 |
| 19 |
$7,063,485 |
$2,573,820
$459,127 |
$4,030,538 |
| 20 |
$7,416,630 |
$2,704,483
$482,081 |
$4,230,066 |
| 21 |
$7,787,520 |
$2,841,713
$506,189 |
$4,439,618 |
| 22 |
$8,176,935 |
$2,985,796
$531,501 |
$4,659,638 |
| 23 |
$8,585,655 |
$3,137,023
$558,068 |
$4,890,564 |
| 24 |
$9,015,045 |
$3,295,897
$585,978 |
$5,133,170 |
| 25 |
$9,465,690 |
$3,462,636
$615,270 |
$5,387,784 |
| 26 |
$9,939,150 |
$3,637,816
$646,045 |
$5,655,289 |
| 27 |
$10,436,010 |
$3,821,654
$678,341 |
$5,936,015 |
| 28 |
$10,957,830 |
$4,014,727
$712,259 |
$6,230,844 |
| 29 |
$11,505,780 |
$4,217,469
$747,876 |
$6,540,435 |
| 30 |
$12,081,030 |
$4,430,311
$785,267 |
$6,865,452 |
|
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