The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia MEGA Millions Jackpot/Cash Option for Fri Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(4%) | $6,220,000 | | Net Lumpsum Payment | $91,784,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$209,510 |
$3,129,941 |
| 2 |
$5,499,792 |
$1,995,253
$219,992 |
$3,284,547 |
| 3 |
$5,774,712 |
$2,096,974
$230,988 |
$3,446,750 |
| 4 |
$6,063,552 |
$2,203,845
$242,542 |
$3,617,165 |
| 5 |
$6,366,660 |
$2,315,995
$254,666 |
$3,795,999 |
| 6 |
$6,685,080 |
$2,433,810
$267,403 |
$3,983,867 |
| 7 |
$7,019,160 |
$2,557,420
$280,766 |
$4,180,974 |
| 8 |
$7,370,292 |
$2,687,338
$294,812 |
$4,388,142 |
| 9 |
$7,738,824 |
$2,823,695
$309,553 |
$4,605,576 |
| 10 |
$8,125,800 |
$2,966,876
$325,032 |
$4,833,892 |
| 11 |
$8,531,916 |
$3,117,139
$341,277 |
$5,073,500 |
| 12 |
$8,958,564 |
$3,274,999
$358,343 |
$5,325,222 |
| 13 |
$9,406,440 |
$3,440,713
$376,258 |
$5,589,469 |
| 14 |
$9,876,936 |
$3,614,797
$395,077 |
$5,867,062 |
| 15 |
$10,370,748 |
$3,797,507
$414,830 |
$6,158,411 |
| 16 |
$10,889,268 |
$3,989,360
$435,571 |
$6,464,337 |
| 17 |
$11,433,540 |
$4,190,740
$457,342 |
$6,785,458 |
| 18 |
$12,005,304 |
$4,402,293
$480,212 |
$7,122,799 |
| 19 |
$12,605,604 |
$4,624,404
$504,224 |
$7,476,976 |
| 20 |
$13,235,832 |
$4,857,588
$529,433 |
$7,848,811 |
| 21 |
$13,897,728 |
$5,102,490
$555,909 |
$8,239,329 |
| 22 |
$14,592,684 |
$5,359,623
$583,707 |
$8,649,354 |
| 23 |
$15,322,092 |
$5,629,504
$612,884 |
$9,079,704 |
| 24 |
$16,088,388 |
$5,913,034
$643,536 |
$9,531,818 |
| 25 |
$16,892,616 |
$6,210,598
$675,705 |
$10,006,313 |
| 26 |
$17,737,560 |
$6,523,228
$709,502 |
$10,504,830 |
| 27 |
$18,624,264 |
$6,851,308
$744,971 |
$11,027,985 |
| 28 |
$19,555,512 |
$7,195,870
$782,220 |
$11,577,422 |
| 29 |
$20,533,392 |
$7,557,685
$821,336 |
$12,154,371 |
| 30 |
$21,559,992 |
$7,937,527
$862,400 |
$12,760,065 |
|
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