The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(6.5%) | $21,021,000 | | Net Lumpsum Payment | $182,760,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$726,888 |
$6,358,004 |
| 2 |
$11,742,372 |
$4,305,008
$763,254 |
$6,674,110 |
| 3 |
$12,329,342 |
$4,522,187
$801,407 |
$7,005,748 |
| 4 |
$12,946,032 |
$4,750,362
$841,492 |
$7,354,178 |
| 5 |
$13,593,185 |
$4,989,809
$883,557 |
$7,719,819 |
| 6 |
$14,273,030 |
$5,241,351
$927,747 |
$8,103,932 |
| 7 |
$14,986,310 |
$5,505,265
$974,110 |
$8,506,935 |
| 8 |
$15,735,997 |
$5,782,649
$1,022,840 |
$8,930,508 |
| 9 |
$16,522,834 |
$6,073,779
$1,073,984 |
$9,375,071 |
| 10 |
$17,349,050 |
$6,379,479
$1,127,688 |
$9,841,883 |
| 11 |
$18,216,131 |
$6,700,299
$1,184,049 |
$10,331,783 |
| 12 |
$19,127,049 |
$7,037,339
$1,243,258 |
$10,846,452 |
| 13 |
$20,083,290 |
$7,391,148
$1,305,414 |
$11,386,728 |
| 14 |
$21,087,826 |
$7,762,826
$1,370,709 |
$11,954,291 |
| 15 |
$22,142,143 |
$8,152,923
$1,439,239 |
$12,549,981 |
| 16 |
$23,249,213 |
$8,562,539
$1,511,199 |
$13,175,475 |
| 17 |
$24,411,265 |
$8,992,498
$1,586,732 |
$13,832,035 |
| 18 |
$25,632,014 |
$9,444,176
$1,666,081 |
$14,521,757 |
| 19 |
$26,913,689 |
$9,918,395
$1,749,390 |
$15,245,904 |
| 20 |
$28,259,262 |
$10,416,257
$1,836,852 |
$16,006,153 |
| 21 |
$29,672,448 |
$10,939,136
$1,928,709 |
$16,804,603 |
| 22 |
$31,156,219 |
$11,488,131
$2,025,154 |
$17,642,934 |
| 23 |
$32,713,547 |
$12,064,343
$2,126,381 |
$18,522,823 |
| 24 |
$34,349,633 |
$12,669,695
$2,232,726 |
$19,447,212 |
| 25 |
$36,066,706 |
$13,305,012
$2,344,336 |
$20,417,358 |
| 26 |
$37,870,710 |
$13,972,493
$2,461,596 |
$21,436,621 |
| 27 |
$39,763,874 |
$14,672,964
$2,584,652 |
$22,506,258 |
| 28 |
$41,752,142 |
$15,408,623
$2,713,889 |
$23,629,630 |
| 29 |
$43,839,972 |
$16,181,120
$2,849,598 |
$24,809,254 |
| 30 |
$46,031,822 |
$16,992,105
$2,992,068 |
$26,047,649 |
|
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