The jackpot for the MEGA Millions draw on Tue Feb 25, 2025, is projected to be $181 Million, with an option for a cash payout of $82.7 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 Feb 25, 2025 |
|---|
| Draw Date | Tue Feb 25, 2025 | | Projected Jackpot | $181,000,000 | | Cash Value | $82,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,700,000 | | Federal Tax(24%) | $19,848,000 | | Additional Federal Tax | $10,711,330 | | State Tax(6.5%) | $5,375,500 | | Net Lumpsum Payment | $46,765,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,724,231 |
$968,296
$177,075 |
$1,578,860 |
| 2 |
$2,860,524 |
$1,018,724
$185,934 |
$1,655,866 |
| 3 |
$3,003,514 |
$1,071,631
$195,228 |
$1,736,655 |
| 4 |
$3,153,744 |
$1,127,216
$204,993 |
$1,821,535 |
| 5 |
$3,311,395 |
$1,185,547
$215,241 |
$1,910,607 |
| 6 |
$3,477,010 |
$1,246,824
$226,006 |
$2,004,180 |
| 7 |
$3,650,770 |
$1,311,115
$237,300 |
$2,102,355 |
| 8 |
$3,833,399 |
$1,378,688
$249,171 |
$2,205,540 |
| 9 |
$4,025,078 |
$1,449,609
$261,630 |
$2,313,839 |
| 10 |
$4,226,350 |
$1,524,080
$274,713 |
$2,427,557 |
| 11 |
$4,437,577 |
$1,602,234
$288,443 |
$2,546,900 |
| 12 |
$4,659,483 |
$1,684,339
$302,866 |
$2,672,278 |
| 13 |
$4,892,430 |
$1,770,529
$318,008 |
$2,803,893 |
| 14 |
$5,137,142 |
$1,861,073
$333,914 |
$2,942,155 |
| 15 |
$5,393,981 |
$1,956,103
$350,609 |
$3,087,269 |
| 16 |
$5,663,671 |
$2,055,889
$368,139 |
$3,239,643 |
| 17 |
$5,946,755 |
$2,160,630
$386,539 |
$3,399,586 |
| 18 |
$6,244,138 |
$2,270,661
$405,869 |
$3,567,608 |
| 19 |
$6,556,363 |
$2,386,185
$426,164 |
$3,744,014 |
| 20 |
$6,884,154 |
$2,507,467
$447,470 |
$3,929,217 |
| 21 |
$7,228,416 |
$2,634,844
$469,847 |
$4,123,725 |
| 22 |
$7,589,873 |
$2,768,583
$493,342 |
$4,327,948 |
| 23 |
$7,969,249 |
$2,908,953
$518,001 |
$4,542,295 |
| 24 |
$8,367,811 |
$3,056,420
$543,908 |
$4,767,483 |
| 25 |
$8,786,102 |
$3,211,188
$571,097 |
$5,003,817 |
| 26 |
$9,225,570 |
$3,373,791
$599,662 |
$5,252,117 |
| 27 |
$9,686,758 |
$3,544,431
$629,639 |
$5,512,688 |
| 28 |
$10,171,114 |
$3,723,643
$661,122 |
$5,786,349 |
| 29 |
$10,679,724 |
$3,911,828
$694,182 |
$6,073,714 |
| 30 |
$11,213,674 |
$4,109,390
$728,889 |
$6,375,395 |
|
|
