The jackpot for the MEGA Millions draw on Fri Jul 3, 2026, is projected to be $542 Million, with an option for a cash payout of $242 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 3, 2026 |
|---|
| Draw Date | Fri Jul 3, 2026 | | Projected Jackpot | $542,000,000 | | Cash Value | $242,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $242,000,000 | | Federal Tax(24%) | $58,080,000 | | Additional Federal Tax | $31,420,330 | | State Tax(6.5%) | $15,730,000 | | Net Lumpsum Payment | $136,769,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,157,642 |
$2,978,658
$530,247 |
$4,648,737 |
| 2 |
$8,565,768 |
$3,129,665
$556,775 |
$4,879,328 |
| 3 |
$8,993,948 |
$3,288,091
$584,607 |
$5,121,250 |
| 4 |
$9,443,808 |
$3,454,539
$613,848 |
$5,375,421 |
| 5 |
$9,915,890 |
$3,629,210
$644,533 |
$5,642,147 |
| 6 |
$10,411,820 |
$3,812,704
$676,768 |
$5,922,348 |
| 7 |
$10,932,140 |
$4,005,222
$710,589 |
$6,216,329 |
| 8 |
$11,479,018 |
$4,207,567
$746,136 |
$6,525,315 |
| 9 |
$12,052,996 |
$4,419,939
$783,445 |
$6,849,612 |
| 10 |
$12,655,700 |
$4,642,939
$822,621 |
$7,190,140 |
| 11 |
$13,288,214 |
$4,876,970
$863,734 |
$7,547,510 |
| 12 |
$13,952,706 |
$5,122,832
$906,926 |
$7,922,948 |
| 13 |
$14,650,260 |
$5,380,927
$952,267 |
$8,317,066 |
| 14 |
$15,383,044 |
$5,652,057
$999,898 |
$8,731,089 |
| 15 |
$16,152,142 |
$5,936,623
$1,049,889 |
$9,165,630 |
| 16 |
$16,959,722 |
$6,235,428
$1,102,382 |
$9,621,912 |
| 17 |
$17,807,410 |
$6,549,072
$1,157,482 |
$10,100,856 |
| 18 |
$18,697,916 |
$6,878,559
$1,215,365 |
$10,603,992 |
| 19 |
$19,632,866 |
$7,224,491
$1,276,136 |
$11,132,239 |
| 20 |
$20,614,428 |
$7,587,669
$1,339,938 |
$11,686,821 |
| 21 |
$21,645,312 |
$7,969,096
$1,406,945 |
$12,269,271 |
| 22 |
$22,727,686 |
$8,369,574
$1,477,300 |
$12,880,812 |
| 23 |
$23,863,718 |
$8,789,906
$1,551,142 |
$13,522,670 |
| 24 |
$25,057,202 |
$9,231,495
$1,628,718 |
$14,196,989 |
| 25 |
$26,309,764 |
$9,694,943
$1,710,135 |
$14,904,686 |
| 26 |
$27,625,740 |
$10,181,854
$1,795,673 |
$15,648,213 |
| 27 |
$29,006,756 |
$10,692,830
$1,885,439 |
$16,428,487 |
| 28 |
$30,457,148 |
$11,229,475
$1,979,715 |
$17,247,958 |
| 29 |
$31,980,168 |
$11,792,993
$2,078,711 |
$18,108,464 |
| 30 |
$33,579,068 |
$12,384,586
$2,182,639 |
$19,011,843 |
|
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