The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(6.5%) | $4,888,000 | | Net Lumpsum Payment | $42,527,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$162,400 |
$1,451,303 |
| 2 |
$2,623,464 |
$931,012
$170,525 |
$1,521,927 |
| 3 |
$2,754,604 |
$979,534
$179,049 |
$1,596,021 |
| 4 |
$2,892,384 |
$1,030,512
$188,005 |
$1,673,867 |
| 5 |
$3,036,970 |
$1,084,009
$197,403 |
$1,755,558 |
| 6 |
$3,188,860 |
$1,140,209
$207,276 |
$1,841,375 |
| 7 |
$3,348,220 |
$1,199,172
$217,634 |
$1,931,414 |
| 8 |
$3,515,714 |
$1,261,145
$228,521 |
$2,026,048 |
| 9 |
$3,691,508 |
$1,326,188
$239,948 |
$2,125,372 |
| 10 |
$3,876,100 |
$1,394,487
$251,947 |
$2,229,666 |
| 11 |
$4,069,822 |
$1,466,165
$264,538 |
$2,339,119 |
| 12 |
$4,273,338 |
$1,541,465
$277,767 |
$2,454,106 |
| 13 |
$4,486,980 |
$1,620,513
$291,654 |
$2,574,813 |
| 14 |
$4,711,412 |
$1,703,553
$306,242 |
$2,701,617 |
| 15 |
$4,946,966 |
$1,790,708
$321,553 |
$2,834,705 |
| 16 |
$5,194,306 |
$1,882,224
$337,630 |
$2,974,452 |
| 17 |
$5,453,930 |
$1,978,284
$354,505 |
$3,121,141 |
| 18 |
$5,726,668 |
$2,079,198
$372,233 |
$3,275,237 |
| 19 |
$6,013,018 |
$2,185,147
$390,846 |
$3,437,025 |
| 20 |
$6,313,644 |
$2,296,379
$410,387 |
$3,606,878 |
| 21 |
$6,629,376 |
$2,413,200
$430,909 |
$3,785,267 |
| 22 |
$6,960,878 |
$2,535,855
$452,457 |
$3,972,566 |
| 23 |
$7,308,814 |
$2,664,592
$475,073 |
$4,169,149 |
| 24 |
$7,674,346 |
$2,799,838
$498,832 |
$4,375,676 |
| 25 |
$8,057,972 |
$2,941,780
$523,768 |
$4,592,424 |
| 26 |
$8,461,020 |
$3,090,908
$549,966 |
$4,820,146 |
| 27 |
$8,883,988 |
$3,247,406
$577,459 |
$5,059,123 |
| 28 |
$9,328,204 |
$3,411,766
$606,333 |
$5,310,105 |
| 29 |
$9,794,664 |
$3,584,356
$636,653 |
$5,573,655 |
| 30 |
$10,284,364 |
$3,765,545
$668,484 |
$5,850,335 |
|
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