The jackpot for the MEGA Millions draw on Tue Dec 2, 2025, is projected to be $90 Million, with an option for a cash payout of $41.9 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia MEGA Millions Jackpot/Cash Option for Tue Dec 2, 2025 |
|---|
| Draw Date | Tue Dec 2, 2025 | | Projected Jackpot | $90,000,000 | | Cash Value | $41,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $41,900,000 | | Federal Tax(24%) | $10,056,000 | | Additional Federal Tax | $5,407,330 | | State Tax(4%) | $1,676,000 | | Net Lumpsum Payment | $24,760,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$54,184 |
$838,877 |
| 2 |
$1,422,360 |
$486,604
$56,894 |
$878,862 |
| 3 |
$1,493,460 |
$512,911
$59,738 |
$920,811 |
| 4 |
$1,568,160 |
$540,550
$62,726 |
$964,884 |
| 5 |
$1,646,550 |
$569,554
$65,862 |
$1,011,134 |
| 6 |
$1,728,900 |
$600,023
$69,156 |
$1,059,721 |
| 7 |
$1,815,300 |
$631,991
$72,612 |
$1,110,697 |
| 8 |
$1,906,110 |
$665,591
$76,244 |
$1,164,275 |
| 9 |
$2,001,420 |
$700,856
$80,057 |
$1,220,507 |
| 10 |
$2,101,500 |
$737,885
$84,060 |
$1,279,555 |
| 11 |
$2,206,530 |
$776,746
$88,261 |
$1,341,523 |
| 12 |
$2,316,870 |
$817,572
$92,675 |
$1,406,623 |
| 13 |
$2,432,700 |
$860,429
$97,308 |
$1,474,963 |
| 14 |
$2,554,380 |
$905,451
$102,175 |
$1,546,754 |
| 15 |
$2,682,090 |
$952,704
$107,284 |
$1,622,102 |
| 16 |
$2,816,190 |
$1,002,321
$112,648 |
$1,701,221 |
| 17 |
$2,956,950 |
$1,054,402
$118,278 |
$1,784,270 |
| 18 |
$3,104,820 |
$1,109,114
$124,193 |
$1,871,513 |
| 19 |
$3,260,070 |
$1,166,556
$130,403 |
$1,963,111 |
| 20 |
$3,423,060 |
$1,226,863
$136,922 |
$2,059,275 |
| 21 |
$3,594,240 |
$1,290,199
$143,770 |
$2,160,271 |
| 22 |
$3,773,970 |
$1,356,699
$150,959 |
$2,266,312 |
| 23 |
$3,962,610 |
$1,426,496
$158,504 |
$2,377,610 |
| 24 |
$4,160,790 |
$1,499,823
$166,432 |
$2,494,535 |
| 25 |
$4,368,780 |
$1,576,779
$174,751 |
$2,617,250 |
| 26 |
$4,587,300 |
$1,657,631
$183,492 |
$2,746,177 |
| 27 |
$4,816,620 |
$1,742,480
$192,665 |
$2,881,475 |
| 28 |
$5,057,460 |
$1,831,591
$202,298 |
$3,023,571 |
| 29 |
$5,310,360 |
$1,925,164
$212,414 |
$3,172,782 |
| 30 |
$5,575,860 |
$2,023,399
$223,034 |
$3,329,427 |
|
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