The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(6.5%) |
$4,485,000 |
| Net Lumpsum Payment |
$39,024,670 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$150,661 |
$1,349,257 |
| 2 |
$2,433,816 |
$860,842
$158,198 |
$1,414,776 |
| 3 |
$2,555,476 |
$905,857
$166,106 |
$1,483,513 |
| 4 |
$2,683,296 |
$953,150
$174,414 |
$1,555,732 |
| 5 |
$2,817,430 |
$1,002,779
$183,133 |
$1,631,518 |
| 6 |
$2,958,340 |
$1,054,916
$192,292 |
$1,711,132 |
| 7 |
$3,106,180 |
$1,109,617
$201,902 |
$1,794,661 |
| 8 |
$3,261,566 |
$1,167,110
$212,002 |
$1,882,454 |
| 9 |
$3,424,652 |
$1,227,452
$222,602 |
$1,974,598 |
| 10 |
$3,595,900 |
$1,290,813
$233,734 |
$2,071,353 |
| 11 |
$3,775,618 |
$1,357,309
$245,415 |
$2,172,894 |
| 12 |
$3,964,422 |
$1,427,167
$257,687 |
$2,279,568 |
| 13 |
$4,162,620 |
$1,500,500
$270,570 |
$2,391,550 |
| 14 |
$4,370,828 |
$1,577,537
$284,104 |
$2,509,187 |
| 15 |
$4,589,354 |
$1,658,391
$298,308 |
$2,632,655 |
| 16 |
$4,818,814 |
$1,743,292
$313,223 |
$2,762,299 |
| 17 |
$5,059,670 |
$1,832,408
$328,879 |
$2,898,383 |
| 18 |
$5,312,692 |
$1,926,026
$345,325 |
$3,041,341 |
| 19 |
$5,578,342 |
$2,024,317
$362,592 |
$3,191,433 |
| 20 |
$5,857,236 |
$2,127,508
$380,720 |
$3,349,008 |
| 21 |
$6,150,144 |
$2,235,884
$399,759 |
$3,514,501 |
| 22 |
$6,457,682 |
$2,349,673
$419,749 |
$3,688,260 |
| 23 |
$6,780,466 |
$2,469,103
$440,730 |
$3,870,633 |
| 24 |
$7,119,574 |
$2,594,573
$462,772 |
$4,062,229 |
| 25 |
$7,475,468 |
$2,726,254
$485,905 |
$4,263,309 |
| 26 |
$7,849,380 |
$2,864,601
$510,210 |
$4,474,569 |
| 27 |
$8,241,772 |
$3,009,786
$535,715 |
$4,696,271 |
| 28 |
$8,653,876 |
$3,162,265
$562,502 |
$4,929,109 |
| 29 |
$9,086,616 |
$3,322,378
$590,630 |
$5,173,608 |
| 30 |
$9,540,916 |
$3,490,469
$620,160 |
$5,430,287 |
|
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