The jackpot for the MEGA Millions draw on Fri Nov 7, 2025, is projected to be $843 Million, with an option for a cash payout of $391.7 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 Fri Nov 7, 2025 |
|---|
| Draw Date | Fri Nov 7, 2025 | | Projected Jackpot | $843,000,000 | | Cash Value | $391,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,700,000 | | Federal Tax(24%) | $94,008,000 | | Additional Federal Tax | $50,881,330 | | State Tax(4%) | $15,668,000 | | Net Lumpsum Payment | $231,142,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$507,520 |
$7,525,585 |
| 2 |
$13,322,772 |
$4,889,756
$532,911 |
$7,900,105 |
| 3 |
$13,988,742 |
$5,136,165
$559,550 |
$8,293,027 |
| 4 |
$14,688,432 |
$5,395,050
$587,537 |
$8,705,845 |
| 5 |
$15,422,685 |
$5,666,724
$616,907 |
$9,139,054 |
| 6 |
$16,194,030 |
$5,952,121
$647,761 |
$9,594,148 |
| 7 |
$17,003,310 |
$6,251,555
$680,132 |
$10,071,623 |
| 8 |
$17,853,897 |
$6,566,272
$714,156 |
$10,573,469 |
| 9 |
$18,746,634 |
$6,896,585
$749,865 |
$11,100,184 |
| 10 |
$19,684,050 |
$7,243,429
$787,362 |
$11,653,259 |
| 11 |
$20,667,831 |
$7,607,428
$826,713 |
$12,233,690 |
| 12 |
$21,701,349 |
$7,989,830
$868,054 |
$12,843,465 |
| 13 |
$22,786,290 |
$8,391,258
$911,452 |
$13,483,580 |
| 14 |
$23,926,026 |
$8,812,960
$957,041 |
$14,156,025 |
| 15 |
$25,122,243 |
$9,255,560
$1,004,890 |
$14,861,793 |
| 16 |
$26,378,313 |
$9,720,306
$1,055,133 |
$15,602,874 |
| 17 |
$27,696,765 |
$10,208,133
$1,107,871 |
$16,380,761 |
| 18 |
$29,081,814 |
$10,720,602
$1,163,273 |
$17,197,939 |
| 19 |
$30,535,989 |
$11,258,646
$1,221,440 |
$18,055,903 |
| 20 |
$32,062,662 |
$11,823,515
$1,282,506 |
$18,956,641 |
| 21 |
$33,666,048 |
$12,416,768
$1,346,642 |
$19,902,638 |
| 22 |
$35,349,519 |
$13,039,652
$1,413,981 |
$20,895,886 |
| 23 |
$37,116,447 |
$13,693,416
$1,484,658 |
$21,938,373 |
| 24 |
$38,972,733 |
$14,380,242
$1,558,909 |
$23,033,582 |
| 25 |
$40,920,906 |
$15,101,066
$1,636,836 |
$24,183,004 |
| 26 |
$42,967,710 |
$15,858,383
$1,718,708 |
$25,390,619 |
| 27 |
$45,115,674 |
$16,653,130
$1,804,627 |
$26,657,917 |
| 28 |
$47,371,542 |
$17,487,801
$1,894,862 |
$27,988,879 |
| 29 |
$49,740,372 |
$18,364,268
$1,989,615 |
$29,386,489 |
| 30 |
$52,227,222 |
$19,284,403
$2,089,089 |
$30,853,730 |
|
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