The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(6.5%) | $4,680,000 | | Net Lumpsum Payment | $40,719,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$153,595 |
$1,374,769 |
| 2 |
$2,481,228 |
$878,385
$161,280 |
$1,441,563 |
| 3 |
$2,605,258 |
$924,276
$169,342 |
$1,511,640 |
| 4 |
$2,735,568 |
$972,491
$177,812 |
$1,585,265 |
| 5 |
$2,872,315 |
$1,023,087
$186,700 |
$1,662,528 |
| 6 |
$3,015,970 |
$1,076,239
$196,038 |
$1,743,693 |
| 7 |
$3,166,690 |
$1,132,006
$205,835 |
$1,828,849 |
| 8 |
$3,325,103 |
$1,190,618
$216,132 |
$1,918,353 |
| 9 |
$3,491,366 |
$1,252,136
$226,939 |
$2,012,291 |
| 10 |
$3,665,950 |
$1,316,732
$238,287 |
$2,110,931 |
| 11 |
$3,849,169 |
$1,384,523
$250,196 |
$2,214,450 |
| 12 |
$4,041,651 |
$1,455,741
$262,707 |
$2,323,203 |
| 13 |
$4,243,710 |
$1,530,503
$275,841 |
$2,437,366 |
| 14 |
$4,455,974 |
$1,609,041
$289,638 |
$2,557,295 |
| 15 |
$4,678,757 |
$1,691,470
$304,119 |
$2,683,168 |
| 16 |
$4,912,687 |
$1,778,025
$319,325 |
$2,815,337 |
| 17 |
$5,158,235 |
$1,868,877
$335,285 |
$2,954,073 |
| 18 |
$5,416,186 |
$1,964,319
$352,052 |
$3,099,815 |
| 19 |
$5,687,011 |
$2,064,524
$369,656 |
$3,252,831 |
| 20 |
$5,971,338 |
$2,169,725
$388,137 |
$3,413,476 |
| 21 |
$6,269,952 |
$2,280,213
$407,547 |
$3,582,192 |
| 22 |
$6,583,481 |
$2,396,218
$427,926 |
$3,759,337 |
| 23 |
$6,912,553 |
$2,517,975
$449,316 |
$3,945,262 |
| 24 |
$7,258,267 |
$2,645,889
$471,787 |
$4,140,591 |
| 25 |
$7,621,094 |
$2,780,135
$495,371 |
$4,345,588 |
| 26 |
$8,002,290 |
$2,921,178
$520,149 |
$4,560,963 |
| 27 |
$8,402,326 |
$3,069,191
$546,151 |
$4,786,984 |
| 28 |
$8,822,458 |
$3,224,640
$573,460 |
$5,024,358 |
| 29 |
$9,263,628 |
$3,387,873
$602,136 |
$5,273,619 |
| 30 |
$9,726,778 |
$3,559,238
$632,241 |
$5,535,299 |
|
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