The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(6.5%) | $1,300,000 | | Net Lumpsum Payment | $11,339,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$42,068 |
$405,333 |
| 2 |
$679,572 |
$211,772
$44,172 |
$423,628 |
| 3 |
$713,542 |
$224,341
$46,380 |
$442,821 |
| 4 |
$749,232 |
$237,546
$48,700 |
$462,986 |
| 5 |
$786,685 |
$251,404
$51,135 |
$484,146 |
| 6 |
$826,030 |
$265,961
$53,692 |
$506,377 |
| 7 |
$867,310 |
$281,235
$56,375 |
$529,700 |
| 8 |
$910,697 |
$297,288
$59,195 |
$554,214 |
| 9 |
$956,234 |
$314,137
$62,155 |
$579,942 |
| 10 |
$1,004,050 |
$331,829
$65,263 |
$606,958 |
| 11 |
$1,054,231 |
$350,396
$68,525 |
$635,310 |
| 12 |
$1,106,949 |
$369,902
$71,952 |
$665,095 |
| 13 |
$1,162,290 |
$390,378
$75,549 |
$696,363 |
| 14 |
$1,220,426 |
$411,888
$79,328 |
$729,210 |
| 15 |
$1,281,443 |
$434,464
$83,294 |
$763,685 |
| 16 |
$1,345,513 |
$458,170
$87,458 |
$799,885 |
| 17 |
$1,412,765 |
$483,053
$91,830 |
$837,882 |
| 18 |
$1,483,414 |
$509,194
$96,422 |
$877,798 |
| 19 |
$1,557,589 |
$536,638
$101,243 |
$919,708 |
| 20 |
$1,635,462 |
$565,451
$106,305 |
$963,706 |
| 21 |
$1,717,248 |
$595,712
$111,621 |
$1,009,915 |
| 22 |
$1,803,119 |
$627,484
$117,203 |
$1,058,432 |
| 23 |
$1,893,247 |
$660,832
$123,061 |
$1,109,354 |
| 24 |
$1,987,933 |
$695,866
$129,216 |
$1,162,851 |
| 25 |
$2,087,306 |
$732,634
$135,675 |
$1,218,997 |
| 26 |
$2,191,710 |
$771,263
$142,461 |
$1,277,986 |
| 27 |
$2,301,274 |
$811,802
$149,583 |
$1,339,889 |
| 28 |
$2,416,342 |
$854,377
$157,062 |
$1,404,903 |
| 29 |
$2,537,172 |
$899,084
$164,916 |
$1,473,172 |
| 30 |
$2,664,022 |
$946,019
$173,161 |
$1,544,842 |
|
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