The jackpot for the MEGA Millions draw on Tue May 12, 2026, is projected to be $232 Million, with an option for a cash payout of $103.8 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 May 12, 2026 |
|---|
| Draw Date | Tue May 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $103,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,800,000 | | Federal Tax(24%) | $24,912,000 | | Additional Federal Tax | $13,454,330 | | State Tax(6.5%) | $6,747,000 | | Net Lumpsum Payment | $58,686,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$226,969 |
$2,012,555 |
| 2 |
$3,666,528 |
$1,316,946
$238,324 |
$2,111,258 |
| 3 |
$3,849,808 |
$1,384,759
$250,238 |
$2,214,811 |
| 4 |
$4,042,368 |
$1,456,007
$262,754 |
$2,323,607 |
| 5 |
$4,244,440 |
$1,530,773
$275,889 |
$2,437,778 |
| 6 |
$4,456,720 |
$1,609,317
$289,687 |
$2,557,716 |
| 7 |
$4,679,440 |
$1,691,723
$304,164 |
$2,683,553 |
| 8 |
$4,913,528 |
$1,778,336
$319,379 |
$2,815,813 |
| 9 |
$5,159,216 |
$1,869,240
$335,349 |
$2,954,627 |
| 10 |
$5,417,200 |
$1,964,694
$352,118 |
$3,100,388 |
| 11 |
$5,687,944 |
$2,064,870
$369,716 |
$3,253,358 |
| 12 |
$5,972,376 |
$2,170,110
$388,204 |
$3,414,062 |
| 13 |
$6,270,960 |
$2,280,586
$407,612 |
$3,582,762 |
| 14 |
$6,584,624 |
$2,396,641
$428,001 |
$3,759,982 |
| 15 |
$6,913,832 |
$2,518,448
$449,399 |
$3,945,985 |
| 16 |
$7,259,512 |
$2,646,350
$471,868 |
$4,141,294 |
| 17 |
$7,622,360 |
$2,780,604
$495,453 |
$4,346,303 |
| 18 |
$8,003,536 |
$2,921,639
$520,230 |
$4,561,667 |
| 19 |
$8,403,736 |
$3,069,713
$546,243 |
$4,787,780 |
| 20 |
$8,823,888 |
$3,225,169
$573,553 |
$5,025,166 |
| 21 |
$9,265,152 |
$3,388,437
$602,235 |
$5,274,480 |
| 22 |
$9,728,456 |
$3,559,859
$632,350 |
$5,536,247 |
| 23 |
$10,214,728 |
$3,739,780
$663,957 |
$5,810,991 |
| 24 |
$10,725,592 |
$3,928,799
$697,163 |
$6,099,630 |
| 25 |
$11,261,744 |
$4,127,176
$732,013 |
$6,402,555 |
| 26 |
$11,825,040 |
$4,335,595
$768,628 |
$6,720,817 |
| 27 |
$12,416,176 |
$4,554,316
$807,051 |
$7,054,809 |
| 28 |
$13,037,008 |
$4,784,023
$847,406 |
$7,405,579 |
| 29 |
$13,688,928 |
$5,025,234
$889,780 |
$7,773,914 |
| 30 |
$14,373,328 |
$5,278,462
$934,266 |
$8,160,600 |
|
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