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 |
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Draw Date | Fri Jun 27, 2025 | Projected Jackpot | $348,000,000 | Cash Value | $155,500,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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 |
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