The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 West Virginia residents, the state will deduct 6.5% from your lottery earnings.
| West Virginia MEGA Millions Jackpot/Cash Option for Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(6.5%) | $7,299,500 | | Net Lumpsum Payment | $63,489,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$245,557 |
$2,174,127 |
| 2 |
$3,966,804 |
$1,428,048
$257,842 |
$2,280,914 |
| 3 |
$4,165,094 |
$1,501,415
$270,731 |
$2,392,948 |
| 4 |
$4,373,424 |
$1,578,497
$284,273 |
$2,510,654 |
| 5 |
$4,592,045 |
$1,659,387
$298,483 |
$2,634,175 |
| 6 |
$4,821,710 |
$1,744,363
$313,411 |
$2,763,936 |
| 7 |
$5,062,670 |
$1,833,518
$329,074 |
$2,900,078 |
| 8 |
$5,315,929 |
$1,927,224
$345,535 |
$3,043,170 |
| 9 |
$5,581,738 |
$2,025,573
$362,813 |
$3,193,352 |
| 10 |
$5,860,850 |
$2,128,845
$380,955 |
$3,351,050 |
| 11 |
$6,153,767 |
$2,237,224
$399,995 |
$3,516,548 |
| 12 |
$6,461,493 |
$2,351,083
$419,997 |
$3,690,413 |
| 13 |
$6,784,530 |
$2,470,606
$440,994 |
$3,872,930 |
| 14 |
$7,123,882 |
$2,596,167
$463,052 |
$4,064,663 |
| 15 |
$7,480,051 |
$2,727,949
$486,203 |
$4,265,899 |
| 16 |
$7,854,041 |
$2,866,326
$510,513 |
$4,477,202 |
| 17 |
$8,246,605 |
$3,011,574
$536,029 |
$4,699,002 |
| 18 |
$8,658,998 |
$3,164,160
$562,835 |
$4,932,003 |
| 19 |
$9,091,973 |
$3,324,360
$590,978 |
$5,176,635 |
| 20 |
$9,546,534 |
$3,492,548
$620,525 |
$5,433,461 |
| 21 |
$10,023,936 |
$3,669,187
$651,556 |
$5,703,193 |
| 22 |
$10,525,183 |
$3,854,648
$684,137 |
$5,986,398 |
| 23 |
$11,051,279 |
$4,049,304
$718,333 |
$6,283,642 |
| 24 |
$11,603,981 |
$4,253,803
$754,259 |
$6,595,919 |
| 25 |
$12,184,042 |
$4,468,426
$791,963 |
$6,923,653 |
| 26 |
$12,793,470 |
$4,693,914
$831,576 |
$7,267,980 |
| 27 |
$13,433,018 |
$4,930,547
$873,146 |
$7,629,325 |
| 28 |
$14,104,694 |
$5,179,067
$916,805 |
$8,008,822 |
| 29 |
$14,810,004 |
$5,440,032
$962,650 |
$8,407,322 |
| 30 |
$15,550,454 |
$5,713,998
$1,010,780 |
$8,825,676 |
|
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