The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(4%) | $3,600,000 | | Net Lumpsum Payment | $53,139,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$121,612 |
$1,833,448 |
| 2 |
$3,192,408 |
$1,141,521
$127,696 |
$1,923,191 |
| 3 |
$3,351,988 |
$1,200,566
$134,080 |
$2,017,342 |
| 4 |
$3,519,648 |
$1,262,600
$140,786 |
$2,116,262 |
| 5 |
$3,695,590 |
$1,327,699
$147,824 |
$2,220,067 |
| 6 |
$3,880,420 |
$1,396,086
$155,217 |
$2,329,117 |
| 7 |
$4,074,340 |
$1,467,836
$162,974 |
$2,443,530 |
| 8 |
$4,278,158 |
$1,543,249
$171,126 |
$2,563,783 |
| 9 |
$4,492,076 |
$1,622,399
$179,683 |
$2,689,994 |
| 10 |
$4,716,700 |
$1,705,509
$188,668 |
$2,822,523 |
| 11 |
$4,952,434 |
$1,792,731
$198,097 |
$2,961,606 |
| 12 |
$5,200,086 |
$1,884,362
$208,003 |
$3,107,721 |
| 13 |
$5,460,060 |
$1,980,553
$218,402 |
$3,261,105 |
| 14 |
$5,733,164 |
$2,081,601
$229,327 |
$3,422,236 |
| 15 |
$6,019,802 |
$2,187,657
$240,792 |
$3,591,353 |
| 16 |
$6,320,782 |
$2,299,020
$252,831 |
$3,768,931 |
| 17 |
$6,636,710 |
$2,415,913
$265,468 |
$3,955,329 |
| 18 |
$6,968,596 |
$2,538,711
$278,744 |
$4,151,141 |
| 19 |
$7,317,046 |
$2,667,637
$292,682 |
$4,356,727 |
| 20 |
$7,682,868 |
$2,802,992
$307,315 |
$4,572,561 |
| 21 |
$8,067,072 |
$2,945,147
$322,683 |
$4,799,242 |
| 22 |
$8,470,466 |
$3,094,403
$338,819 |
$5,037,244 |
| 23 |
$8,893,858 |
$3,251,058
$355,754 |
$5,287,046 |
| 24 |
$9,338,662 |
$3,415,635
$373,546 |
$5,549,481 |
| 25 |
$9,805,484 |
$3,588,359
$392,219 |
$5,824,906 |
| 26 |
$10,295,940 |
$3,769,828
$411,838 |
$6,114,274 |
| 27 |
$10,810,636 |
$3,960,266
$432,425 |
$6,417,945 |
| 28 |
$11,351,188 |
$4,160,270
$454,048 |
$6,736,870 |
| 29 |
$11,918,808 |
$4,370,289
$476,752 |
$7,071,767 |
| 30 |
$12,514,708 |
$4,590,772
$500,588 |
$7,423,348 |
|
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