Jackpot Analysis West Virginia Mega Millions

Jackpot Analysis for West Virginia Mega Millions
The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Jun 30, 2026
Draw DateTue Jun 30, 2026
Projected Jackpot$511,000,000
Cash Value$231,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$231,000,000
Federal Tax(24%)$55,440,000
Additional Federal Tax$29,990,330
State Tax(6.5%)$15,015,000
Net Lumpsum Payment$130,554,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,691,061 $2,806,023
$499,919
$4,385,119
2 $8,075,844 $2,948,393
$524,930
$4,602,521
3 $8,479,534 $3,097,758
$551,170
$4,830,606
4 $8,903,664 $3,254,686
$578,738
$5,070,240
5 $9,348,745 $3,419,366
$607,668
$5,321,711
6 $9,816,310 $3,592,365
$638,060
$5,585,885
7 $10,306,870 $3,773,872
$669,947
$5,863,051
8 $10,822,469 $3,964,644
$703,460
$6,154,365
9 $11,363,618 $4,164,869
$738,635
$6,460,114
10 $11,931,850 $4,375,115
$775,570
$6,781,165
11 $12,528,187 $4,595,760
$814,332
$7,118,095
12 $13,154,673 $4,827,559
$855,054
$7,472,060
13 $13,812,330 $5,070,892
$897,801
$7,843,637
14 $14,503,202 $5,326,515
$942,708
$8,233,979
15 $15,228,311 $5,594,805
$989,840
$8,643,666
16 $15,989,701 $5,876,520
$1,039,331
$9,073,850
17 $16,788,905 $6,172,225
$1,091,279
$9,525,401
18 $17,628,478 $6,482,867
$1,145,851
$9,999,760
19 $18,509,953 $6,809,013
$1,203,147
$10,497,793
20 $19,435,374 $7,151,419
$1,263,299
$11,020,656
21 $20,407,296 $7,511,030
$1,326,474
$11,569,792
22 $21,427,763 $7,888,603
$1,392,805
$12,146,355
23 $22,498,819 $8,284,893
$1,462,423
$12,751,503
24 $23,624,041 $8,701,226
$1,535,563
$13,387,252
25 $24,804,962 $9,138,166
$1,612,323
$14,054,473
26 $26,045,670 $9,597,228
$1,692,969
$14,755,473
27 $27,347,698 $10,078,979
$1,777,600
$15,491,119
28 $28,715,134 $10,584,930
$1,866,484
$16,263,720
29 $30,151,044 $11,116,217
$1,959,818
$17,075,009
30 $31,658,494 $11,673,973
$2,057,802
$17,926,719