The jackpot for the MEGA Millions draw on Fri Oct 16, 2026, is projected to be $403 Million, with an option for a cash payout of $162.1 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia MEGA Millions Jackpot/Cash Option for Fri Oct 16, 2026 |
|---|
| Draw Date | Fri Oct 16, 2026 | | Projected Jackpot | $403,000,000 | | Cash Value | $162,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $162,100,000 | | Federal Tax(24%) | $38,904,000 | | Additional Federal Tax | $21,033,330 | | State Tax(6.5%) | $10,536,500 | | Net Lumpsum Payment | $91,626,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,065,553 |
$2,204,585
$394,261 |
$3,466,707 |
| 2 |
$6,369,012 |
$2,316,865
$413,986 |
$3,638,161 |
| 3 |
$6,687,382 |
$2,434,662
$434,680 |
$3,818,040 |
| 4 |
$7,021,872 |
$2,558,423
$456,422 |
$4,007,027 |
| 5 |
$7,372,885 |
$2,688,298
$479,238 |
$4,205,349 |
| 6 |
$7,741,630 |
$2,824,733
$503,206 |
$4,413,691 |
| 7 |
$8,128,510 |
$2,967,879
$528,353 |
$4,632,278 |
| 8 |
$8,535,137 |
$3,118,331
$554,784 |
$4,862,022 |
| 9 |
$8,961,914 |
$3,276,239
$582,524 |
$5,103,151 |
| 10 |
$9,410,050 |
$3,442,049
$611,653 |
$5,356,348 |
| 11 |
$9,880,351 |
$3,616,060
$642,223 |
$5,622,068 |
| 12 |
$10,374,429 |
$3,798,869
$674,338 |
$5,901,222 |
| 13 |
$10,893,090 |
$3,990,774
$708,051 |
$6,194,265 |
| 14 |
$11,437,946 |
$4,192,370
$743,466 |
$6,502,110 |
| 15 |
$12,009,803 |
$4,403,957
$780,637 |
$6,825,209 |
| 16 |
$12,610,273 |
$4,626,131
$819,668 |
$7,164,474 |
| 17 |
$13,240,565 |
$4,859,339
$860,637 |
$7,520,589 |
| 18 |
$13,902,694 |
$5,104,327
$903,675 |
$7,894,692 |
| 19 |
$14,597,869 |
$5,361,542
$948,861 |
$8,287,466 |
| 20 |
$15,327,702 |
$5,631,580
$996,301 |
$8,699,821 |
| 21 |
$16,094,208 |
$5,915,187
$1,046,124 |
$9,132,897 |
| 22 |
$16,898,999 |
$6,212,960
$1,098,435 |
$9,587,604 |
| 23 |
$17,743,687 |
$6,525,495
$1,153,340 |
$10,064,852 |
| 24 |
$18,631,093 |
$6,853,835
$1,211,021 |
$10,566,237 |
| 25 |
$19,562,426 |
$7,198,428
$1,271,558 |
$11,092,440 |
| 26 |
$20,540,910 |
$7,560,467
$1,335,159 |
$11,645,284 |
| 27 |
$21,567,754 |
$7,940,399
$1,401,904 |
$12,225,451 |
| 28 |
$22,646,182 |
$8,339,418
$1,472,002 |
$12,834,762 |
| 29 |
$23,778,612 |
$8,758,417
$1,545,610 |
$13,474,585 |
| 30 |
$24,967,462 |
$9,198,291
$1,622,885 |
$14,146,286 |
|
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