The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 Sep 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(4%) | $3,312,000 | | Net Lumpsum Payment | $48,891,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$116,194 |
$1,753,527 |
| 2 |
$3,050,172 |
$1,088,894
$122,007 |
$1,839,271 |
| 3 |
$3,202,642 |
$1,145,308
$128,106 |
$1,929,228 |
| 4 |
$3,362,832 |
$1,204,578
$134,513 |
$2,023,741 |
| 5 |
$3,530,935 |
$1,266,776
$141,237 |
$2,122,922 |
| 6 |
$3,707,530 |
$1,332,116
$148,301 |
$2,227,113 |
| 7 |
$3,892,810 |
$1,400,670
$155,712 |
$2,336,428 |
| 8 |
$4,087,547 |
$1,472,723
$163,502 |
$2,451,322 |
| 9 |
$4,291,934 |
$1,548,346
$171,677 |
$2,571,911 |
| 10 |
$4,506,550 |
$1,627,754
$180,262 |
$2,698,534 |
| 11 |
$4,731,781 |
$1,711,089
$189,271 |
$2,831,421 |
| 12 |
$4,968,399 |
$1,798,638
$198,736 |
$2,971,025 |
| 13 |
$5,216,790 |
$1,890,543
$208,672 |
$3,117,575 |
| 14 |
$5,477,726 |
$1,987,089
$219,109 |
$3,271,528 |
| 15 |
$5,751,593 |
$2,088,420
$230,064 |
$3,433,109 |
| 16 |
$6,039,163 |
$2,194,821
$241,567 |
$3,602,775 |
| 17 |
$6,341,015 |
$2,306,506
$253,641 |
$3,780,868 |
| 18 |
$6,658,114 |
$2,423,833
$266,325 |
$3,967,956 |
| 19 |
$6,991,039 |
$2,547,015
$279,642 |
$4,164,382 |
| 20 |
$7,340,562 |
$2,676,338
$293,622 |
$4,370,602 |
| 21 |
$7,707,648 |
$2,812,160
$308,306 |
$4,587,182 |
| 22 |
$8,093,069 |
$2,954,766
$323,723 |
$4,814,580 |
| 23 |
$8,497,597 |
$3,104,441
$339,904 |
$5,053,252 |
| 24 |
$8,922,583 |
$3,261,686
$356,903 |
$5,303,994 |
| 25 |
$9,368,606 |
$3,426,715
$374,744 |
$5,567,147 |
| 26 |
$9,837,210 |
$3,600,098
$393,488 |
$5,843,624 |
| 27 |
$10,328,974 |
$3,782,051
$413,159 |
$6,133,764 |
| 28 |
$10,845,442 |
$3,973,144
$433,818 |
$6,438,480 |
| 29 |
$11,387,772 |
$4,173,806
$455,511 |
$6,758,455 |
| 30 |
$11,957,122 |
$4,384,466
$478,285 |
$7,094,371 |
|
|
