The jackpot for the MEGA Millions draw on Fri Oct 3, 2025, is projected to be $520 Million, with an option for a cash payout of $240.1 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 Oct 3, 2025 |
|---|
| Draw Date | Fri Oct 3, 2025 | | Projected Jackpot | $520,000,000 | | Cash Value | $240,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $240,100,000 | | Federal Tax(24%) | $57,624,000 | | Additional Federal Tax | $31,173,330 | | State Tax(4%) | $9,604,000 | | Net Lumpsum Payment | $141,698,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,826,520 |
$2,856,143
$313,061 |
$4,657,316 |
| 2 |
$8,218,080 |
$3,001,020
$328,723 |
$4,888,337 |
| 3 |
$8,628,880 |
$3,153,016
$345,155 |
$5,130,709 |
| 4 |
$9,060,480 |
$3,312,708
$362,419 |
$5,385,353 |
| 5 |
$9,513,400 |
$3,480,288
$380,536 |
$5,652,576 |
| 6 |
$9,989,200 |
$3,656,334
$399,568 |
$5,933,298 |
| 7 |
$10,488,400 |
$3,841,038
$419,536 |
$6,227,826 |
| 8 |
$11,013,080 |
$4,035,170
$440,523 |
$6,537,387 |
| 9 |
$11,563,760 |
$4,238,922
$462,550 |
$6,862,288 |
| 10 |
$12,142,000 |
$4,452,870
$485,680 |
$7,203,450 |
| 11 |
$12,748,840 |
$4,677,401
$509,954 |
$7,561,485 |
| 12 |
$13,386,360 |
$4,913,284
$535,454 |
$7,937,622 |
| 13 |
$14,055,600 |
$5,160,902
$562,224 |
$8,332,474 |
| 14 |
$14,758,640 |
$5,421,027
$590,346 |
$8,747,267 |
| 15 |
$15,496,520 |
$5,694,043
$619,861 |
$9,182,616 |
| 16 |
$16,271,320 |
$5,980,719
$650,853 |
$9,639,748 |
| 17 |
$17,084,600 |
$6,281,632
$683,384 |
$10,119,584 |
| 18 |
$17,938,960 |
$6,597,746
$717,558 |
$10,623,656 |
| 19 |
$18,835,960 |
$6,929,636
$753,438 |
$11,152,886 |
| 20 |
$19,777,680 |
$7,278,072
$791,107 |
$11,708,501 |
| 21 |
$20,766,720 |
$7,644,017
$830,669 |
$12,292,034 |
| 22 |
$21,805,160 |
$8,028,240
$872,206 |
$12,904,714 |
| 23 |
$22,895,080 |
$8,431,510
$915,803 |
$13,547,767 |
| 24 |
$24,040,120 |
$8,855,175
$961,605 |
$14,223,340 |
| 25 |
$25,241,840 |
$9,299,811
$1,009,674 |
$14,932,355 |
| 26 |
$26,504,400 |
$9,766,958
$1,060,176 |
$15,677,266 |
| 27 |
$27,829,360 |
$10,257,194
$1,113,174 |
$16,458,992 |
| 28 |
$29,220,880 |
$10,772,056
$1,168,835 |
$17,279,989 |
| 29 |
$30,682,080 |
$11,312,700
$1,227,283 |
$18,142,097 |
| 30 |
$32,216,080 |
$11,880,280
$1,288,643 |
$19,047,157 |
|
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