Virginia Lottery

VALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Virginia, your state will take 4% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Virginia MEGA Millions Jackpot/Cash Option for Tue Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(4%)	$5,440,000
Net Lumpsum Payment	$80,279,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$181,816	$2,721,457
2	$4,772,808	-$1,726,269 -$190,912	$2,855,627
3	$5,011,388	-$1,814,544 -$200,456	$2,996,388
4	$5,262,048	-$1,907,288 -$210,482	$3,144,278
5	$5,525,090	-$2,004,614 -$221,004	$3,299,472
6	$5,801,420	-$2,106,856 -$232,057	$3,462,507
7	$6,091,340	-$2,214,126 -$243,654	$3,633,560
8	$6,396,058	-$2,326,872 -$255,842	$3,813,344
9	$6,715,876	-$2,445,205 -$268,635	$4,002,036
10	$7,051,700	-$2,569,459 -$282,068	$4,200,173
11	$7,404,134	-$2,699,860 -$296,165	$4,408,109
12	$7,774,386	-$2,836,853 -$310,975	$4,626,558
13	$8,163,060	-$2,980,663 -$326,522	$4,855,875
14	$8,571,364	-$3,131,735 -$342,855	$5,096,774
15	$8,999,902	-$3,290,294 -$359,996	$5,349,612
16	$9,449,882	-$3,456,787 -$377,995	$5,615,100
17	$9,922,210	-$3,631,548 -$396,888	$5,893,774
18	$10,418,396	-$3,815,137 -$416,736	$6,186,523
19	$10,939,346	-$4,007,888 -$437,574	$6,493,884
20	$11,486,268	-$4,210,250 -$459,451	$6,816,567
21	$12,060,672	-$4,422,779 -$482,427	$7,155,466
22	$12,663,766	-$4,645,924 -$506,551	$7,511,291
23	$13,296,758	-$4,880,131 -$531,870	$7,884,757
24	$13,961,762	-$5,126,182 -$558,470	$8,277,110
25	$14,659,684	-$5,384,413 -$586,387	$8,688,884
26	$15,392,940	-$5,655,718 -$615,718	$9,121,504
27	$16,162,436	-$5,940,432 -$646,497	$9,575,507
28	$16,970,588	-$6,239,448 -$678,824	$10,052,316
29	$17,819,208	-$6,553,437 -$712,768	$10,553,003
30	$18,710,108	-$6,883,070 -$748,404	$11,078,634