Jackpot Analysis West Virginia Mega Millions

Jackpot Analysis for West Virginia Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 29, 2025
Draw DateTue Apr 29, 2025
Projected Jackpot$70,000,000
Cash Value$31,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$31,800,000
Federal Tax(24%)$7,632,000
Additional Federal Tax$4,094,330
State Tax(6.5%)$2,067,000
Net Lumpsum Payment$18,006,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,053,570 $350,151
$68,482
$634,937
2 $1,106,280 $369,654
$71,908
$664,718
3 $1,161,580 $390,115
$75,503
$695,962
4 $1,219,680 $411,612
$79,279
$728,789
5 $1,280,650 $434,171
$83,242
$763,237
6 $1,344,700 $457,869
$87,406
$799,425
7 $1,411,900 $482,733
$91,774
$837,393
8 $1,482,530 $508,866
$96,364
$877,300
9 $1,556,660 $536,295
$101,183
$919,182
10 $1,634,500 $565,095
$106,243
$963,162
11 $1,716,190 $595,321
$111,552
$1,009,317
12 $1,802,010 $627,074
$117,131
$1,057,805
13 $1,892,100 $660,407
$122,987
$1,108,706
14 $1,986,740 $695,424
$129,138
$1,162,178
15 $2,086,070 $732,176
$135,595
$1,218,299
16 $2,190,370 $770,767
$142,374
$1,277,229
17 $2,299,850 $811,275
$149,490
$1,339,085
18 $2,414,860 $853,829
$156,966
$1,404,065
19 $2,535,610 $898,506
$164,815
$1,472,289
20 $2,662,380 $945,411
$173,055
$1,543,914
21 $2,795,520 $994,673
$181,709
$1,619,138
22 $2,935,310 $1,046,395
$190,795
$1,698,120
23 $3,082,030 $1,100,681
$200,332
$1,781,017
24 $3,236,170 $1,157,713
$210,351
$1,868,106
25 $3,397,940 $1,217,568
$220,866
$1,959,506
26 $3,567,900 $1,280,453
$231,914
$2,055,533
27 $3,746,260 $1,346,447
$243,507
$2,156,306
28 $3,933,580 $1,415,755
$255,683
$2,262,142
29 $4,130,280 $1,488,534
$268,468
$2,373,278
30 $4,336,780 $1,564,939
$281,891
$2,489,950