The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Tue Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(4%) | $13,364,000 | | Net Lumpsum Payment | $197,158,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$429,857 |
$6,380,053 |
| 2 |
$11,284,056 |
$4,135,431
$451,362 |
$6,697,263 |
| 3 |
$11,848,116 |
$4,344,133
$473,925 |
$7,030,058 |
| 4 |
$12,440,736 |
$4,563,403
$497,629 |
$7,379,704 |
| 5 |
$13,062,630 |
$4,793,503
$522,505 |
$7,746,622 |
| 6 |
$13,715,940 |
$5,035,228
$548,638 |
$8,132,074 |
| 7 |
$14,401,380 |
$5,288,841
$576,055 |
$8,536,484 |
| 8 |
$15,121,806 |
$5,555,399
$604,872 |
$8,961,535 |
| 9 |
$15,877,932 |
$5,835,165
$635,117 |
$9,407,650 |
| 10 |
$16,671,900 |
$6,128,933
$666,876 |
$9,876,091 |
| 11 |
$17,505,138 |
$6,437,231
$700,206 |
$10,367,701 |
| 12 |
$18,380,502 |
$6,761,116
$735,220 |
$10,884,166 |
| 13 |
$19,299,420 |
$7,101,116
$771,977 |
$11,426,327 |
| 14 |
$20,264,748 |
$7,458,287
$810,590 |
$11,995,871 |
| 15 |
$21,277,914 |
$7,833,159
$851,117 |
$12,593,638 |
| 16 |
$22,341,774 |
$8,226,787
$893,671 |
$13,221,316 |
| 17 |
$23,458,470 |
$8,639,964
$938,339 |
$13,880,167 |
| 18 |
$24,631,572 |
$9,074,012
$985,263 |
$14,572,297 |
| 19 |
$25,863,222 |
$9,529,723
$1,034,529 |
$15,298,970 |
| 20 |
$27,156,276 |
$10,008,153
$1,086,251 |
$16,061,872 |
| 21 |
$28,514,304 |
$10,510,623
$1,140,572 |
$16,863,109 |
| 22 |
$29,940,162 |
$11,038,190
$1,197,606 |
$17,704,366 |
| 23 |
$31,436,706 |
$11,591,912
$1,257,468 |
$18,587,326 |
| 24 |
$33,008,934 |
$12,173,636
$1,320,357 |
$19,514,941 |
| 25 |
$34,658,988 |
$12,784,156
$1,386,360 |
$20,488,472 |
| 26 |
$36,392,580 |
$13,425,585
$1,455,703 |
$21,511,292 |
| 27 |
$38,211,852 |
$14,098,716
$1,528,474 |
$22,584,662 |
| 28 |
$40,122,516 |
$14,805,661
$1,604,901 |
$23,711,954 |
| 29 |
$42,128,856 |
$15,548,007
$1,685,154 |
$24,895,695 |
| 30 |
$44,235,156 |
$16,327,338
$1,769,406 |
$26,138,412 |
|
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