The jackpot for the MEGA Millions draw on Fri Oct 23, 2026, is projected to be $433 Million, with an option for a cash payout of $178.6 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 Oct 23, 2026 |
|---|
| Draw Date | Fri Oct 23, 2026 | | Projected Jackpot | $433,000,000 | | Cash Value | $178,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $178,600,000 | | Federal Tax(24%) | $42,864,000 | | Additional Federal Tax | $23,178,330 | | State Tax(6.5%) | $11,609,000 | | Net Lumpsum Payment | $100,948,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,517,083 |
$2,371,651
$423,610 |
$3,721,822 |
| 2 |
$6,843,132 |
$2,492,289
$444,804 |
$3,906,039 |
| 3 |
$7,185,202 |
$2,618,855
$467,038 |
$4,099,309 |
| 4 |
$7,544,592 |
$2,751,829
$490,398 |
$4,302,365 |
| 5 |
$7,921,735 |
$2,891,372
$514,913 |
$4,515,450 |
| 6 |
$8,317,930 |
$3,037,964
$540,665 |
$4,739,301 |
| 7 |
$8,733,610 |
$3,191,766
$567,685 |
$4,974,159 |
| 8 |
$9,170,507 |
$3,353,418
$596,083 |
$5,221,006 |
| 9 |
$9,629,054 |
$3,523,080
$625,889 |
$5,480,085 |
| 10 |
$10,110,550 |
$3,701,234
$657,186 |
$5,752,130 |
| 11 |
$10,615,861 |
$3,888,199
$690,031 |
$6,037,631 |
| 12 |
$11,146,719 |
$4,084,616
$724,537 |
$6,337,566 |
| 13 |
$11,703,990 |
$4,290,807
$760,759 |
$6,652,424 |
| 14 |
$12,289,406 |
$4,507,411
$798,811 |
$6,983,184 |
| 15 |
$12,903,833 |
$4,734,749
$838,749 |
$7,330,335 |
| 16 |
$13,549,003 |
$4,973,461
$880,685 |
$7,694,857 |
| 17 |
$14,226,215 |
$5,224,030
$924,704 |
$8,077,481 |
| 18 |
$14,937,634 |
$5,487,255
$970,946 |
$8,479,433 |
| 19 |
$15,684,559 |
$5,763,617
$1,019,496 |
$8,901,446 |
| 20 |
$16,468,722 |
$6,053,758
$1,070,467 |
$9,344,497 |
| 21 |
$17,292,288 |
$6,358,477
$1,123,999 |
$9,809,812 |
| 22 |
$18,156,989 |
$6,678,416
$1,180,204 |
$10,298,369 |
| 23 |
$19,064,557 |
$7,014,216
$1,239,196 |
$10,811,145 |
| 24 |
$20,018,023 |
$7,366,999
$1,301,171 |
$11,349,853 |
| 25 |
$21,018,686 |
$7,737,244
$1,366,215 |
$11,915,227 |
| 26 |
$22,070,010 |
$8,126,234
$1,434,551 |
$12,509,225 |
| 27 |
$23,173,294 |
$8,534,449
$1,506,264 |
$13,132,581 |
| 28 |
$24,332,002 |
$8,963,171
$1,581,580 |
$13,787,251 |
| 29 |
$25,548,732 |
$9,413,361
$1,660,668 |
$14,474,703 |
| 30 |
$26,826,082 |
$9,885,981
$1,743,695 |
$15,196,406 |
|
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