Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 27, 2026 is estimated to be $285 Million, with a cash option of 128.6 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 Wisconsin, your state will take 7.65% of your lottery winnings.

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

Wisconsin MEGA Millions Jackpot/Cash Option for Tue Jan 27, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 27, 2026	$285,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(7.65%)	$9,837,900
Net Lumpsum Payment	$71,219,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,289,535	-$1,547,458 -$328,149	$2,413,928
2	$4,504,140	-$1,626,862 -$344,567	$2,532,711
3	$4,729,290	-$1,710,168 -$361,791	$2,657,331
4	$4,965,840	-$1,797,691 -$379,887	$2,788,262
5	$5,214,075	-$1,889,538 -$398,877	$2,925,660
6	$5,474,850	-$1,986,025 -$418,826	$3,069,999
7	$5,748,450	-$2,087,257 -$439,756	$3,221,437
8	$6,036,015	-$2,193,656 -$461,755	$3,380,604
9	$6,337,830	-$2,305,327 -$484,844	$3,547,659
10	$6,654,750	-$2,422,588 -$509,088	$3,723,074
11	$6,987,345	-$2,545,648 -$534,532	$3,907,165
12	$7,336,755	-$2,674,930 -$561,262	$4,100,563
13	$7,703,550	-$2,810,644 -$589,322	$4,303,584
14	$8,088,870	-$2,953,212 -$618,799	$4,516,859
15	$8,493,285	-$3,102,846 -$649,736	$4,740,703
16	$8,917,935	-$3,259,966 -$682,222	$4,975,747
17	$9,363,675	-$3,424,890 -$716,321	$5,222,464
18	$9,831,930	-$3,598,144 -$752,143	$5,481,643
19	$10,323,555	-$3,780,046 -$789,752	$5,753,757
20	$10,839,690	-$3,971,016 -$829,236	$6,039,438
21	$11,381,760	-$4,171,582 -$870,705	$6,339,473
22	$11,950,905	-$4,382,165 -$914,244	$6,654,496
23	$12,548,265	-$4,603,188 -$959,942	$6,985,135
24	$13,175,835	-$4,835,389 -$1,007,951	$7,332,495
25	$13,834,470	-$5,079,084 -$1,058,337	$7,697,049
26	$14,526,450	-$5,335,117 -$1,111,273	$8,080,060
27	$15,252,630	-$5,603,803 -$1,166,826	$8,482,001
28	$16,015,290	-$5,885,988 -$1,225,170	$8,904,132
29	$16,816,140	-$6,182,302 -$1,286,435	$9,347,403
30	$17,656,890	-$6,493,380 -$1,350,752	$9,812,758