The jackpot for the MEGA Millions draw on Fri Jun 12, 2026, is projected to be $413 Million, with an option for a cash payout of $182.6 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 12, 2026 |
|---|
| Draw Date | Fri Jun 12, 2026 | | Projected Jackpot | $413,000,000 | | Cash Value | $182,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $182,600,000 | | Federal Tax(24%) | $43,824,000 | | Additional Federal Tax | $23,698,330 | | State Tax(4%) | $7,304,000 | | Net Lumpsum Payment | $107,773,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,216,063 |
$2,260,274
$248,643 |
$3,707,146 |
| 2 |
$6,527,052 |
$2,375,340
$261,082 |
$3,890,630 |
| 3 |
$6,853,322 |
$2,496,060
$274,133 |
$4,083,129 |
| 4 |
$7,196,112 |
$2,622,892
$287,844 |
$4,285,376 |
| 5 |
$7,555,835 |
$2,755,989
$302,233 |
$4,497,613 |
| 6 |
$7,933,730 |
$2,895,810
$317,349 |
$4,720,571 |
| 7 |
$8,330,210 |
$3,042,508
$333,208 |
$4,954,494 |
| 8 |
$8,746,927 |
$3,196,693
$349,877 |
$5,200,357 |
| 9 |
$9,184,294 |
$3,358,519
$367,372 |
$5,458,403 |
| 10 |
$9,643,550 |
$3,528,444
$385,742 |
$5,729,364 |
| 11 |
$10,125,521 |
$3,706,773
$405,021 |
$6,013,727 |
| 12 |
$10,631,859 |
$3,894,118
$425,274 |
$6,312,467 |
| 13 |
$11,163,390 |
$4,090,785
$446,536 |
$6,626,069 |
| 14 |
$11,721,766 |
$4,297,384
$468,871 |
$6,955,511 |
| 15 |
$12,307,813 |
$4,514,221
$492,313 |
$7,301,279 |
| 16 |
$12,923,183 |
$4,741,908
$516,927 |
$7,664,348 |
| 17 |
$13,569,115 |
$4,980,903
$542,765 |
$8,045,447 |
| 18 |
$14,247,674 |
$5,231,970
$569,907 |
$8,445,797 |
| 19 |
$14,960,099 |
$5,495,567
$598,404 |
$8,866,128 |
| 20 |
$15,708,042 |
$5,772,306
$628,322 |
$9,307,414 |
| 21 |
$16,493,568 |
$6,062,951
$659,743 |
$9,770,874 |
| 22 |
$17,318,329 |
$6,368,112
$692,733 |
$10,257,484 |
| 23 |
$18,183,977 |
$6,688,402
$727,359 |
$10,768,216 |
| 24 |
$19,093,403 |
$7,024,889
$763,736 |
$11,304,778 |
| 25 |
$20,047,846 |
$7,378,033
$801,914 |
$11,867,899 |
| 26 |
$21,050,610 |
$7,749,056
$842,024 |
$12,459,530 |
| 27 |
$22,102,934 |
$8,138,416
$884,117 |
$13,080,401 |
| 28 |
$23,208,122 |
$8,547,336
$928,325 |
$13,732,461 |
| 29 |
$24,368,652 |
$8,976,732
$974,746 |
$14,417,174 |
| 30 |
$25,587,002 |
$9,427,521
$1,023,480 |
$15,136,001 |
|
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