The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 Sep 5, 2025 |
---|
Draw Date | Fri Sep 5, 2025 | Projected Jackpot | $336,000,000 | Cash Value | $151,300,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $151,300,000 | Federal Tax(24%) | $36,312,000 | Additional Federal Tax | $19,629,330 | State Tax(6.5%) | $9,834,500 | Net Lumpsum Payment | $85,524,170 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$5,057,136 |
$1,831,471 $328,714 |
$2,896,951 |
2 |
$5,310,144 |
$1,925,084 $345,159 |
$3,039,901 |
3 |
$5,575,584 |
$2,023,296 $362,413 |
$3,189,875 |
4 |
$5,854,464 |
$2,126,482 $380,540 |
$3,347,442 |
5 |
$6,147,120 |
$2,234,765 $399,563 |
$3,512,792 |
6 |
$6,454,560 |
$2,348,518 $419,546 |
$3,686,496 |
7 |
$6,777,120 |
$2,467,865 $440,513 |
$3,868,742 |
8 |
$7,116,144 |
$2,593,304 $462,549 |
$4,060,291 |
9 |
$7,471,968 |
$2,724,959 $485,678 |
$4,261,331 |
10 |
$7,845,600 |
$2,863,202 $509,964 |
$4,472,434 |
11 |
$8,237,712 |
$3,008,284 $535,451 |
$4,693,977 |
12 |
$8,649,648 |
$3,160,700 $562,227 |
$4,926,721 |
13 |
$9,082,080 |
$3,320,700 $590,335 |
$5,171,045 |
14 |
$9,536,352 |
$3,488,781 $619,863 |
$5,427,708 |
15 |
$10,013,136 |
$3,665,191 $650,854 |
$5,697,091 |
16 |
$10,513,776 |
$3,850,428 $683,395 |
$5,979,953 |
17 |
$11,039,280 |
$4,044,864 $717,553 |
$6,276,863 |
18 |
$11,591,328 |
$4,249,122 $753,436 |
$6,588,770 |
19 |
$12,170,928 |
$4,463,574 $791,110 |
$6,916,244 |
20 |
$12,779,424 |
$4,688,717 $830,663 |
$7,260,044 |
21 |
$13,418,496 |
$4,925,174 $872,202 |
$7,621,120 |
22 |
$14,089,488 |
$5,173,441 $915,817 |
$8,000,230 |
23 |
$14,793,744 |
$5,434,016 $961,593 |
$8,398,135 |
24 |
$15,533,616 |
$5,707,768 $1,009,685 |
$8,816,163 |
25 |
$16,310,112 |
$5,995,072 $1,060,157 |
$9,254,883 |
26 |
$17,125,920 |
$6,296,921 $1,113,185 |
$9,715,814 |
27 |
$17,982,048 |
$6,613,688 $1,168,833 |
$10,199,527 |
28 |
$18,881,184 |
$6,946,368 $1,227,277 |
$10,707,539 |
29 |
$19,825,344 |
$7,295,708 $1,288,647 |
$11,240,989 |
30 |
$20,816,544 |
$7,662,452 $1,353,075 |
$11,801,017 |
|
|