Jackpot Analysis West Virginia Mega Millions

Jackpot Analysis for West Virginia Mega Millions
The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025
Draw DateFri Jun 27, 2025
Projected Jackpot$348,000,000
Cash Value$155,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$155,500,000
Federal Tax(24%)$37,320,000
Additional Federal Tax$20,175,330
State Tax(6.5%)$10,107,500
Net Lumpsum Payment$87,897,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,237,748 $1,898,297
$340,454
$2,998,997
2 $5,499,792 $1,995,253
$357,486
$3,147,053
3 $5,774,712 $2,096,974
$375,356
$3,302,382
4 $6,063,552 $2,203,845
$394,131
$3,465,576
5 $6,366,660 $2,315,995
$413,833
$3,636,832
6 $6,685,080 $2,433,810
$434,530
$3,816,740
7 $7,019,160 $2,557,420
$456,245
$4,005,495
8 $7,370,292 $2,687,338
$479,069
$4,203,885
9 $7,738,824 $2,823,695
$503,024
$4,412,105
10 $8,125,800 $2,966,876
$528,177
$4,630,747
11 $8,531,916 $3,117,139
$554,575
$4,860,202
12 $8,958,564 $3,274,999
$582,307
$5,101,258
13 $9,406,440 $3,440,713
$611,419
$5,354,308
14 $9,876,936 $3,614,797
$642,001
$5,620,138
15 $10,370,748 $3,797,507
$674,099
$5,899,142
16 $10,889,268 $3,989,360
$707,802
$6,192,106
17 $11,433,540 $4,190,740
$743,180
$6,499,620
18 $12,005,304 $4,402,293
$780,345
$6,822,666
19 $12,605,604 $4,624,404
$819,364
$7,161,836
20 $13,235,832 $4,857,588
$860,329
$7,517,915
21 $13,897,728 $5,102,490
$903,352
$7,891,886
22 $14,592,684 $5,359,623
$948,524
$8,284,537
23 $15,322,092 $5,629,504
$995,936
$8,696,652
24 $16,088,388 $5,913,034
$1,045,745
$9,129,609
25 $16,892,616 $6,210,598
$1,098,020
$9,583,998
26 $17,737,560 $6,523,228
$1,152,941
$10,061,391
27 $18,624,264 $6,851,308
$1,210,577
$10,562,379
28 $19,555,512 $7,195,870
$1,271,108
$11,088,534
29 $20,533,392 $7,557,685
$1,334,670
$11,641,037
30 $21,559,992 $7,937,527
$1,401,399
$12,221,066