The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(6.5%) | $8,359,000 | | Net Lumpsum Payment | $72,698,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$289,581 |
$2,556,799 |
| 2 |
$4,677,984 |
$1,691,184
$304,069 |
$2,682,731 |
| 3 |
$4,911,824 |
$1,777,705
$319,269 |
$2,814,850 |
| 4 |
$5,157,504 |
$1,868,607
$335,238 |
$2,953,659 |
| 5 |
$5,415,320 |
$1,963,999
$351,996 |
$3,099,325 |
| 6 |
$5,686,160 |
$2,064,210
$369,600 |
$3,252,350 |
| 7 |
$5,970,320 |
$2,169,349
$388,071 |
$3,412,900 |
| 8 |
$6,268,984 |
$2,279,854
$407,484 |
$3,581,646 |
| 9 |
$6,582,448 |
$2,395,836
$427,859 |
$3,758,753 |
| 10 |
$6,911,600 |
$2,517,622
$449,254 |
$3,944,724 |
| 11 |
$7,257,032 |
$2,645,432
$471,707 |
$4,139,893 |
| 12 |
$7,619,928 |
$2,779,704
$495,295 |
$4,344,929 |
| 13 |
$8,000,880 |
$2,920,656
$520,057 |
$4,560,167 |
| 14 |
$8,401,072 |
$3,068,727
$546,070 |
$4,786,275 |
| 15 |
$8,821,096 |
$3,224,136
$573,371 |
$5,023,589 |
| 16 |
$9,262,136 |
$3,387,321
$602,039 |
$5,272,776 |
| 17 |
$9,725,080 |
$3,558,610
$632,130 |
$5,534,340 |
| 18 |
$10,211,408 |
$3,738,551
$663,742 |
$5,809,115 |
| 19 |
$10,722,008 |
$3,927,473
$696,931 |
$6,097,604 |
| 20 |
$11,258,064 |
$4,125,814
$731,774 |
$6,400,476 |
| 21 |
$11,821,056 |
$4,334,121
$768,369 |
$6,718,566 |
| 22 |
$12,412,168 |
$4,552,833
$806,791 |
$7,052,544 |
| 23 |
$13,032,584 |
$4,782,386
$847,118 |
$7,403,080 |
| 24 |
$13,684,376 |
$5,023,550
$889,484 |
$7,771,342 |
| 25 |
$14,368,432 |
$5,276,650
$933,948 |
$8,157,834 |
| 26 |
$15,087,120 |
$5,542,565
$980,663 |
$8,563,892 |
| 27 |
$15,841,328 |
$5,821,622
$1,029,686 |
$8,990,020 |
| 28 |
$16,633,424 |
$6,114,697
$1,081,173 |
$9,437,554 |
| 29 |
$17,465,184 |
$6,422,448
$1,135,237 |
$9,907,499 |
| 30 |
$18,338,384 |
$6,745,532
$1,191,995 |
$10,400,857 |
|
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