The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia MEGA Millions Jackpot/Cash Option for Fri Sep 5, 2025 |
|---|
| Draw Date | Fri Sep 5, 2025 | | Projected Jackpot | $336,000,000 | | Cash Value | $151,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $151,300,000 | | Federal Tax(24%) | $36,312,000 | | Additional Federal Tax | $19,629,330 | | State Tax(4%) | $6,052,000 | | Net Lumpsum Payment | $89,306,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,057,136 |
$1,831,471
$202,285 |
$3,023,380 |
| 2 |
$5,310,144 |
$1,925,084
$212,406 |
$3,172,654 |
| 3 |
$5,575,584 |
$2,023,296
$223,023 |
$3,329,265 |
| 4 |
$5,854,464 |
$2,126,482
$234,179 |
$3,493,803 |
| 5 |
$6,147,120 |
$2,234,765
$245,885 |
$3,666,470 |
| 6 |
$6,454,560 |
$2,348,518
$258,182 |
$3,847,860 |
| 7 |
$6,777,120 |
$2,467,865
$271,085 |
$4,038,170 |
| 8 |
$7,116,144 |
$2,593,304
$284,646 |
$4,238,194 |
| 9 |
$7,471,968 |
$2,724,959
$298,879 |
$4,448,130 |
| 10 |
$7,845,600 |
$2,863,202
$313,824 |
$4,668,574 |
| 11 |
$8,237,712 |
$3,008,284
$329,508 |
$4,899,920 |
| 12 |
$8,649,648 |
$3,160,700
$345,986 |
$5,142,962 |
| 13 |
$9,082,080 |
$3,320,700
$363,283 |
$5,398,097 |
| 14 |
$9,536,352 |
$3,488,781
$381,454 |
$5,666,117 |
| 15 |
$10,013,136 |
$3,665,191
$400,525 |
$5,947,420 |
| 16 |
$10,513,776 |
$3,850,428
$420,551 |
$6,242,797 |
| 17 |
$11,039,280 |
$4,044,864
$441,571 |
$6,552,845 |
| 18 |
$11,591,328 |
$4,249,122
$463,653 |
$6,878,553 |
| 19 |
$12,170,928 |
$4,463,574
$486,837 |
$7,220,517 |
| 20 |
$12,779,424 |
$4,688,717
$511,177 |
$7,579,530 |
| 21 |
$13,418,496 |
$4,925,174
$536,740 |
$7,956,582 |
| 22 |
$14,089,488 |
$5,173,441
$563,580 |
$8,352,467 |
| 23 |
$14,793,744 |
$5,434,016
$591,750 |
$8,767,978 |
| 24 |
$15,533,616 |
$5,707,768
$621,345 |
$9,204,503 |
| 25 |
$16,310,112 |
$5,995,072
$652,404 |
$9,662,636 |
| 26 |
$17,125,920 |
$6,296,921
$685,037 |
$10,143,962 |
| 27 |
$17,982,048 |
$6,613,688
$719,282 |
$10,649,078 |
| 28 |
$18,881,184 |
$6,946,368
$755,247 |
$11,179,569 |
| 29 |
$19,825,344 |
$7,295,708
$793,014 |
$11,736,622 |
| 30 |
$20,816,544 |
$7,662,452
$832,662 |
$12,321,430 |
|
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