The jackpot for the MEGA Millions draw on Tue Nov 18, 2025, is projected to be $50 Million, with an option for a cash payout of $23.2 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 Nov 18, 2025 |
|---|
| Draw Date | Tue Nov 18, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $23,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $23,200,000 | | Federal Tax(24%) | $5,568,000 | | Additional Federal Tax | $2,976,330 | | State Tax(4%) | $928,000 | | Net Lumpsum Payment | $13,727,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$30,102 |
$483,674 |
| 2 |
$790,200 |
$252,704
$31,608 |
$505,888 |
| 3 |
$829,700 |
$267,319
$33,188 |
$529,193 |
| 4 |
$871,200 |
$282,674
$34,848 |
$553,678 |
| 5 |
$914,750 |
$298,788
$36,590 |
$579,372 |
| 6 |
$960,500 |
$315,715
$38,420 |
$606,365 |
| 7 |
$1,008,500 |
$333,475
$40,340 |
$634,685 |
| 8 |
$1,058,950 |
$352,142
$42,358 |
$664,450 |
| 9 |
$1,111,900 |
$371,733
$44,476 |
$695,691 |
| 10 |
$1,167,500 |
$392,305
$46,700 |
$728,495 |
| 11 |
$1,225,850 |
$413,895
$49,034 |
$762,921 |
| 12 |
$1,287,150 |
$436,576
$51,486 |
$799,088 |
| 13 |
$1,351,500 |
$460,385
$54,060 |
$837,055 |
| 14 |
$1,419,100 |
$485,397
$56,764 |
$876,939 |
| 15 |
$1,490,050 |
$511,649
$59,602 |
$918,799 |
| 16 |
$1,564,550 |
$539,214
$62,582 |
$962,754 |
| 17 |
$1,642,750 |
$568,148
$65,710 |
$1,008,892 |
| 18 |
$1,724,900 |
$598,543
$68,996 |
$1,057,361 |
| 19 |
$1,811,150 |
$630,456
$72,446 |
$1,108,248 |
| 20 |
$1,901,700 |
$663,959
$76,068 |
$1,161,673 |
| 21 |
$1,996,800 |
$699,146
$79,872 |
$1,217,782 |
| 22 |
$2,096,650 |
$736,091
$83,866 |
$1,276,693 |
| 23 |
$2,201,450 |
$774,867
$88,058 |
$1,338,525 |
| 24 |
$2,311,550 |
$815,604
$92,462 |
$1,403,484 |
| 25 |
$2,427,100 |
$858,357
$97,084 |
$1,471,659 |
| 26 |
$2,548,500 |
$903,275
$101,940 |
$1,543,285 |
| 27 |
$2,675,900 |
$950,413
$107,036 |
$1,618,451 |
| 28 |
$2,809,700 |
$999,919
$112,388 |
$1,697,393 |
| 29 |
$2,950,200 |
$1,051,904
$118,008 |
$1,780,288 |
| 30 |
$3,097,700 |
$1,106,479
$123,908 |
$1,867,313 |
|
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