The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Fri Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(4%) | $6,244,000 | | Net Lumpsum Payment | $92,138,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$208,306 |
$3,112,181 |
| 2 |
$5,468,184 |
$1,983,558
$218,727 |
$3,265,899 |
| 3 |
$5,741,524 |
$2,084,694
$229,661 |
$3,427,169 |
| 4 |
$6,028,704 |
$2,190,951
$241,148 |
$3,596,605 |
| 5 |
$6,330,070 |
$2,302,456
$253,203 |
$3,774,411 |
| 6 |
$6,646,660 |
$2,419,595
$265,866 |
$3,961,199 |
| 7 |
$6,978,820 |
$2,542,494
$279,153 |
$4,157,173 |
| 8 |
$7,327,934 |
$2,671,666
$293,117 |
$4,363,151 |
| 9 |
$7,694,348 |
$2,807,239
$307,774 |
$4,579,335 |
| 10 |
$8,079,100 |
$2,949,597
$323,164 |
$4,806,339 |
| 11 |
$8,482,882 |
$3,098,997
$339,315 |
$5,044,570 |
| 12 |
$8,907,078 |
$3,255,949
$356,283 |
$5,294,846 |
| 13 |
$9,352,380 |
$3,420,711
$374,095 |
$5,557,574 |
| 14 |
$9,820,172 |
$3,593,794
$392,807 |
$5,833,571 |
| 15 |
$10,311,146 |
$3,775,454
$412,446 |
$6,123,246 |
| 16 |
$10,826,686 |
$3,966,204
$433,067 |
$6,427,415 |
| 17 |
$11,367,830 |
$4,166,427
$454,713 |
$6,746,690 |
| 18 |
$11,936,308 |
$4,376,764
$477,452 |
$7,082,092 |
| 19 |
$12,533,158 |
$4,597,599
$501,326 |
$7,434,233 |
| 20 |
$13,159,764 |
$4,829,443
$526,391 |
$7,803,930 |
| 21 |
$13,817,856 |
$5,072,937
$552,714 |
$8,192,205 |
| 22 |
$14,508,818 |
$5,328,593
$580,353 |
$8,599,872 |
| 23 |
$15,234,034 |
$5,596,923
$609,361 |
$9,027,750 |
| 24 |
$15,995,926 |
$5,878,823
$639,837 |
$9,477,266 |
| 25 |
$16,795,532 |
$6,174,677
$671,821 |
$9,949,034 |
| 26 |
$17,635,620 |
$6,485,510
$705,425 |
$10,444,685 |
| 27 |
$18,517,228 |
$6,811,705
$740,689 |
$10,964,834 |
| 28 |
$19,443,124 |
$7,154,286
$777,725 |
$11,511,113 |
| 29 |
$20,415,384 |
$7,514,022
$816,615 |
$12,084,747 |
| 30 |
$21,436,084 |
$7,891,681
$857,443 |
$12,686,960 |
|
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