The jackpot for the MEGA Millions draw on Fri Dec 26, 2025, is projected to be $125 Million, with an option for a cash payout of $56.9 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 Dec 26, 2025 |
|---|
| Draw Date | Fri Dec 26, 2025 | | Projected Jackpot | $125,000,000 | | Cash Value | $56,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,900,000 | | Federal Tax(24%) | $13,656,000 | | Additional Federal Tax | $7,357,330 | | State Tax(4%) | $2,276,000 | | Net Lumpsum Payment | $33,610,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,881,375 |
$656,439
$75,255 |
$1,149,681 |
| 2 |
$1,975,500 |
$691,265
$79,020 |
$1,205,215 |
| 3 |
$2,074,250 |
$727,803
$82,970 |
$1,263,477 |
| 4 |
$2,178,000 |
$766,190
$87,120 |
$1,324,690 |
| 5 |
$2,286,875 |
$806,474
$91,475 |
$1,388,926 |
| 6 |
$2,401,250 |
$848,793
$96,050 |
$1,456,407 |
| 7 |
$2,521,250 |
$893,193
$100,850 |
$1,527,207 |
| 8 |
$2,647,375 |
$939,859
$105,895 |
$1,601,621 |
| 9 |
$2,779,750 |
$988,838
$111,190 |
$1,679,722 |
| 10 |
$2,918,750 |
$1,040,268
$116,750 |
$1,761,732 |
| 11 |
$3,064,625 |
$1,094,242
$122,585 |
$1,847,798 |
| 12 |
$3,217,875 |
$1,150,944
$128,715 |
$1,938,216 |
| 13 |
$3,378,750 |
$1,210,468
$135,150 |
$2,033,132 |
| 14 |
$3,547,750 |
$1,272,998
$141,910 |
$2,132,842 |
| 15 |
$3,725,125 |
$1,338,627
$149,005 |
$2,237,493 |
| 16 |
$3,911,375 |
$1,407,539
$156,455 |
$2,347,381 |
| 17 |
$4,106,875 |
$1,479,874
$164,275 |
$2,462,726 |
| 18 |
$4,312,250 |
$1,555,863
$172,490 |
$2,583,897 |
| 19 |
$4,527,875 |
$1,635,644
$181,115 |
$2,711,116 |
| 20 |
$4,754,250 |
$1,719,403
$190,170 |
$2,844,677 |
| 21 |
$4,992,000 |
$1,807,370
$199,680 |
$2,984,950 |
| 22 |
$5,241,625 |
$1,899,732
$209,665 |
$3,132,228 |
| 23 |
$5,503,625 |
$1,996,672
$220,145 |
$3,286,808 |
| 24 |
$5,778,875 |
$2,098,514
$231,155 |
$3,449,206 |
| 25 |
$6,067,750 |
$2,205,398
$242,710 |
$3,619,642 |
| 26 |
$6,371,250 |
$2,317,693
$254,850 |
$3,798,707 |
| 27 |
$6,689,750 |
$2,435,538
$267,590 |
$3,986,622 |
| 28 |
$7,024,250 |
$2,559,303
$280,970 |
$4,183,977 |
| 29 |
$7,375,500 |
$2,689,265
$295,020 |
$4,391,215 |
| 30 |
$7,744,250 |
$2,825,703
$309,770 |
$4,608,777 |
|
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