The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia MEGA Millions Jackpot/Cash Option for Tue Apr 1, 2025 |
|---|
| Draw Date | Tue Apr 1, 2025 | | Projected Jackpot | $29,000,000 | | Cash Value | $13,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,300,000 | | Federal Tax(24%) | $3,192,000 | | Additional Federal Tax | $1,689,330 | | State Tax(6.5%) | $864,500 | | Net Lumpsum Payment | $7,554,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$436,479 |
$121,828
$28,371 |
$286,280 |
| 2 |
$458,316 |
$129,907
$29,791 |
$298,618 |
| 3 |
$481,226 |
$138,384
$31,280 |
$311,562 |
| 4 |
$505,296 |
$147,290
$32,844 |
$325,162 |
| 5 |
$530,555 |
$156,636
$34,486 |
$339,433 |
| 6 |
$557,090 |
$166,454
$36,211 |
$354,425 |
| 7 |
$584,930 |
$176,754
$38,020 |
$370,156 |
| 8 |
$614,191 |
$187,581
$39,922 |
$386,688 |
| 9 |
$644,902 |
$198,944
$41,919 |
$404,039 |
| 10 |
$677,150 |
$210,876
$44,015 |
$422,259 |
| 11 |
$710,993 |
$223,398
$46,215 |
$441,380 |
| 12 |
$746,547 |
$236,553
$48,526 |
$461,468 |
| 13 |
$783,870 |
$250,362
$50,952 |
$482,556 |
| 14 |
$823,078 |
$264,869
$53,500 |
$504,709 |
| 15 |
$864,229 |
$280,095
$56,175 |
$527,959 |
| 16 |
$907,439 |
$296,083
$58,984 |
$552,372 |
| 17 |
$952,795 |
$312,865
$61,932 |
$577,998 |
| 18 |
$1,000,442 |
$330,494
$65,029 |
$604,919 |
| 19 |
$1,050,467 |
$349,003
$68,280 |
$633,184 |
| 20 |
$1,102,986 |
$368,435
$71,694 |
$662,857 |
| 21 |
$1,158,144 |
$388,844
$75,279 |
$694,021 |
| 22 |
$1,216,057 |
$410,271
$79,044 |
$726,742 |
| 23 |
$1,276,841 |
$432,762
$82,995 |
$761,084 |
| 24 |
$1,340,699 |
$456,389
$87,145 |
$797,165 |
| 25 |
$1,407,718 |
$481,186
$91,502 |
$835,030 |
| 26 |
$1,478,130 |
$507,238
$96,078 |
$874,814 |
| 27 |
$1,552,022 |
$534,579
$100,881 |
$916,562 |
| 28 |
$1,629,626 |
$563,292
$105,926 |
$960,408 |
| 29 |
$1,711,116 |
$593,443
$111,223 |
$1,006,450 |
| 30 |
$1,796,666 |
$625,097
$116,783 |
$1,054,786 |
|
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