The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia MEGA Millions Jackpot/Cash Option for Tue Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(6.5%) | $4,413,500 | | Net Lumpsum Payment | $38,403,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$146,747 |
$1,315,242 |
| 2 |
$2,370,600 |
$837,452
$154,089 |
$1,379,059 |
| 3 |
$2,489,100 |
$881,297
$161,792 |
$1,446,011 |
| 4 |
$2,613,600 |
$927,362
$169,884 |
$1,516,354 |
| 5 |
$2,744,250 |
$975,703
$178,376 |
$1,590,171 |
| 6 |
$2,881,500 |
$1,026,485
$187,298 |
$1,667,717 |
| 7 |
$3,025,500 |
$1,079,765
$196,658 |
$1,749,077 |
| 8 |
$3,176,850 |
$1,135,765
$206,495 |
$1,834,590 |
| 9 |
$3,335,700 |
$1,194,539
$216,821 |
$1,924,340 |
| 10 |
$3,502,500 |
$1,256,255
$227,663 |
$2,018,582 |
| 11 |
$3,677,550 |
$1,321,024
$239,041 |
$2,117,485 |
| 12 |
$3,861,450 |
$1,389,067
$250,994 |
$2,221,389 |
| 13 |
$4,054,500 |
$1,460,495
$263,543 |
$2,330,462 |
| 14 |
$4,257,300 |
$1,535,531
$276,725 |
$2,445,044 |
| 15 |
$4,470,150 |
$1,614,286
$290,560 |
$2,565,304 |
| 16 |
$4,693,650 |
$1,696,981
$305,087 |
$2,691,582 |
| 17 |
$4,928,250 |
$1,783,783
$320,336 |
$2,824,131 |
| 18 |
$5,174,700 |
$1,874,969
$336,356 |
$2,963,375 |
| 19 |
$5,433,450 |
$1,970,707
$353,174 |
$3,109,569 |
| 20 |
$5,705,100 |
$2,071,217
$370,832 |
$3,263,051 |
| 21 |
$5,990,400 |
$2,176,778
$389,376 |
$3,424,246 |
| 22 |
$6,289,950 |
$2,287,612
$408,847 |
$3,593,491 |
| 23 |
$6,604,350 |
$2,403,940
$429,283 |
$3,771,127 |
| 24 |
$6,934,650 |
$2,526,151
$450,752 |
$3,957,747 |
| 25 |
$7,281,300 |
$2,654,411
$473,285 |
$4,153,604 |
| 26 |
$7,645,500 |
$2,789,165
$496,958 |
$4,359,377 |
| 27 |
$8,027,700 |
$2,930,579
$521,801 |
$4,575,320 |
| 28 |
$8,429,100 |
$3,079,097
$547,892 |
$4,802,111 |
| 29 |
$8,850,600 |
$3,235,052
$575,289 |
$5,040,259 |
| 30 |
$9,293,100 |
$3,398,777
$604,052 |
$5,290,271 |
|
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