The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia MEGA Millions Jackpot/Cash Option for Tue Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(4%) | $10,068,000 | | Net Lumpsum Payment | $148,542,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$329,316 |
$4,897,079 |
| 2 |
$8,644,788 |
$3,158,902
$345,792 |
$5,140,094 |
| 3 |
$9,076,918 |
$3,318,790
$363,077 |
$5,395,051 |
| 4 |
$9,530,928 |
$3,486,774
$381,237 |
$5,662,917 |
| 5 |
$10,007,365 |
$3,663,055
$400,295 |
$5,944,015 |
| 6 |
$10,507,870 |
$3,848,242
$420,315 |
$6,239,313 |
| 7 |
$11,032,990 |
$4,042,537
$441,320 |
$6,549,133 |
| 8 |
$11,584,913 |
$4,246,748
$463,397 |
$6,874,768 |
| 9 |
$12,164,186 |
$4,461,079
$486,567 |
$7,216,540 |
| 10 |
$12,772,450 |
$4,686,137
$510,898 |
$7,575,415 |
| 11 |
$13,410,799 |
$4,922,326
$536,432 |
$7,952,041 |
| 12 |
$14,081,421 |
$5,170,456
$563,257 |
$8,347,708 |
| 13 |
$14,785,410 |
$5,430,932
$591,416 |
$8,763,062 |
| 14 |
$15,524,954 |
$5,704,563
$620,998 |
$9,199,393 |
| 15 |
$16,301,147 |
$5,991,755
$652,046 |
$9,657,346 |
| 16 |
$17,116,177 |
$6,293,316
$684,647 |
$10,138,214 |
| 17 |
$17,971,685 |
$6,609,854
$718,867 |
$10,642,964 |
| 18 |
$18,870,406 |
$6,942,381
$754,816 |
$11,173,209 |
| 19 |
$19,813,981 |
$7,291,503
$792,559 |
$11,729,919 |
| 20 |
$20,804,598 |
$7,658,032
$832,184 |
$12,314,382 |
| 21 |
$21,844,992 |
$8,042,977
$873,800 |
$12,928,215 |
| 22 |
$22,937,351 |
$8,447,150
$917,494 |
$13,572,707 |
| 23 |
$24,083,863 |
$8,871,360
$963,355 |
$14,249,148 |
| 24 |
$25,288,357 |
$9,317,022
$1,011,534 |
$14,959,801 |
| 25 |
$26,552,474 |
$9,784,746
$1,062,099 |
$15,705,629 |
| 26 |
$27,880,590 |
$10,276,149
$1,115,224 |
$16,489,217 |
| 27 |
$29,274,346 |
$10,791,838
$1,170,974 |
$17,311,534 |
| 28 |
$30,738,118 |
$11,333,434
$1,229,525 |
$18,175,159 |
| 29 |
$32,275,188 |
$11,902,150
$1,291,008 |
$19,082,030 |
| 30 |
$33,888,838 |
$12,499,200
$1,355,554 |
$20,034,084 |
|
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