The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia MEGA Millions Jackpot/Cash Option for Tue Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(4%) | $9,768,000 | | Net Lumpsum Payment | $144,117,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$320,887 |
$4,772,758 |
| 2 |
$8,423,532 |
$3,077,037
$336,941 |
$5,009,554 |
| 3 |
$8,844,602 |
$3,232,833
$353,784 |
$5,257,985 |
| 4 |
$9,286,992 |
$3,396,517
$371,480 |
$5,518,995 |
| 5 |
$9,751,235 |
$3,568,287
$390,049 |
$5,792,899 |
| 6 |
$10,238,930 |
$3,748,734
$409,557 |
$6,080,639 |
| 7 |
$10,750,610 |
$3,938,056
$430,024 |
$6,382,530 |
| 8 |
$11,288,407 |
$4,137,041
$451,536 |
$6,699,830 |
| 9 |
$11,852,854 |
$4,345,886
$474,114 |
$7,032,854 |
| 10 |
$12,445,550 |
$4,565,184
$497,822 |
$7,382,544 |
| 11 |
$13,067,561 |
$4,795,328
$522,702 |
$7,749,531 |
| 12 |
$13,721,019 |
$5,037,107
$548,841 |
$8,135,071 |
| 13 |
$14,406,990 |
$5,290,917
$576,280 |
$8,539,793 |
| 14 |
$15,127,606 |
$5,557,545
$605,104 |
$8,964,957 |
| 15 |
$15,883,933 |
$5,837,386
$635,357 |
$9,411,190 |
| 16 |
$16,678,103 |
$6,131,228
$667,124 |
$9,879,751 |
| 17 |
$17,511,715 |
$6,439,665
$700,469 |
$10,371,581 |
| 18 |
$18,387,434 |
$6,763,681
$735,497 |
$10,888,256 |
| 19 |
$19,306,859 |
$7,103,868
$772,274 |
$11,430,717 |
| 20 |
$20,272,122 |
$7,461,016
$810,885 |
$12,000,221 |
| 21 |
$21,285,888 |
$7,836,109
$851,436 |
$12,598,343 |
| 22 |
$22,350,289 |
$8,229,937
$894,012 |
$13,226,340 |
| 23 |
$23,467,457 |
$8,643,289
$938,698 |
$13,885,470 |
| 24 |
$24,641,123 |
$9,077,546
$985,645 |
$14,577,932 |
| 25 |
$25,872,886 |
$9,533,298
$1,034,915 |
$15,304,673 |
| 26 |
$27,167,010 |
$10,012,124
$1,086,680 |
$16,068,206 |
| 27 |
$28,525,094 |
$10,514,615
$1,141,004 |
$16,869,475 |
| 28 |
$29,951,402 |
$11,042,349
$1,198,056 |
$17,710,997 |
| 29 |
$31,449,132 |
$11,596,509
$1,257,965 |
$18,594,658 |
| 30 |
$33,021,482 |
$12,178,279
$1,320,859 |
$19,522,344 |
|
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