The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
West Virginia MEGA Millions Jackpot/Cash Option for Fri Sep 19, 2025 |
---|
Draw Date | Fri Sep 19, 2025 | Projected Jackpot | $423,000,000 | Cash Value | $196,500,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $196,500,000 | Federal Tax(24%) | $47,160,000 | Additional Federal Tax | $25,505,330 | State Tax(6.5%) | $12,772,500 | Net Lumpsum Payment | $111,062,170 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,366,573 |
$2,315,962 $413,827 |
$3,636,784 |
2 |
$6,685,092 |
$2,433,814 $434,531 |
$3,816,747 |
3 |
$7,019,262 |
$2,557,457 $456,252 |
$4,005,553 |
4 |
$7,370,352 |
$2,687,361 $479,073 |
$4,203,918 |
5 |
$7,738,785 |
$2,823,681 $503,021 |
$4,412,083 |
6 |
$8,125,830 |
$2,966,887 $528,179 |
$4,630,764 |
7 |
$8,531,910 |
$3,117,137 $554,574 |
$4,860,199 |
8 |
$8,958,717 |
$3,275,056 $582,317 |
$5,101,344 |
9 |
$9,406,674 |
$3,440,800 $611,434 |
$5,354,440 |
10 |
$9,877,050 |
$3,614,839 $642,008 |
$5,620,203 |
11 |
$10,370,691 |
$3,797,486 $674,095 |
$5,899,110 |
12 |
$10,889,289 |
$3,989,367 $707,804 |
$6,192,118 |
13 |
$11,433,690 |
$4,190,796 $743,190 |
$6,499,704 |
14 |
$12,005,586 |
$4,402,397 $780,363 |
$6,822,826 |
15 |
$12,605,823 |
$4,624,485 $819,378 |
$7,161,960 |
16 |
$13,236,093 |
$4,857,685 $860,346 |
$7,518,062 |
17 |
$13,897,665 |
$5,102,466 $903,348 |
$7,891,851 |
18 |
$14,592,654 |
$5,359,612 $948,523 |
$8,284,519 |
19 |
$15,322,329 |
$5,629,592 $995,951 |
$8,696,786 |
20 |
$16,088,382 |
$5,913,032 $1,045,745 |
$9,129,605 |
21 |
$16,892,928 |
$6,210,714 $1,098,040 |
$9,584,174 |
22 |
$17,737,659 |
$6,523,264 $1,152,948 |
$10,061,447 |
23 |
$18,624,267 |
$6,851,309 $1,210,577 |
$10,562,381 |
24 |
$19,555,713 |
$7,195,944 $1,271,121 |
$11,088,648 |
25 |
$20,533,266 |
$7,557,639 $1,334,662 |
$11,640,965 |
26 |
$21,560,310 |
$7,937,645 $1,401,420 |
$12,221,245 |
27 |
$22,638,114 |
$8,336,433 $1,471,477 |
$12,830,204 |
28 |
$23,770,062 |
$8,755,253 $1,545,054 |
$13,469,755 |
29 |
$24,958,692 |
$9,195,046 $1,622,315 |
$14,141,331 |
30 |
$26,206,542 |
$9,656,751 $1,703,425 |
$14,846,366 |
|
|