Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 22, 2025 is estimated to be $50 Million, with a cash option of 22.4 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 Apr 22, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 22, 2025	$50,000,000	$22,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$22,400,000
Federal Tax(24%)	$5,376,000
Additional Federal Tax	$2,872,330
State Tax(7.65%)	$1,713,600
Net Lumpsum Payment	$12,438,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$752,550	-$238,774 -$57,570	$456,206
2	$790,200	-$252,704 -$60,450	$477,046
3	$829,700	-$267,319 -$63,472	$498,909
4	$871,200	-$282,674 -$66,647	$521,879
5	$914,750	-$298,788 -$69,978	$545,984
6	$960,500	-$315,715 -$73,478	$571,307
7	$1,008,500	-$333,475 -$77,150	$597,875
8	$1,058,950	-$352,142 -$81,010	$625,798
9	$1,111,900	-$371,733 -$85,060	$655,107
10	$1,167,500	-$392,305 -$89,314	$685,881
11	$1,225,850	-$413,895 -$93,778	$718,177
12	$1,287,150	-$436,576 -$98,467	$752,107
13	$1,351,500	-$460,385 -$103,390	$787,725
14	$1,419,100	-$485,397 -$108,561	$825,142
15	$1,490,050	-$511,649 -$113,989	$864,412
16	$1,564,550	-$539,214 -$119,688	$905,648
17	$1,642,750	-$568,148 -$125,670	$948,932
18	$1,724,900	-$598,543 -$131,955	$994,402
19	$1,811,150	-$630,456 -$138,553	$1,042,141
20	$1,901,700	-$663,959 -$145,480	$1,092,261
21	$1,996,800	-$699,146 -$152,755	$1,144,899
22	$2,096,650	-$736,091 -$160,394	$1,200,165
23	$2,201,450	-$774,867 -$168,411	$1,258,172
24	$2,311,550	-$815,604 -$176,834	$1,319,112
25	$2,427,100	-$858,357 -$185,673	$1,383,070
26	$2,548,500	-$903,275 -$194,960	$1,450,265
27	$2,675,900	-$950,413 -$204,706	$1,520,781
28	$2,809,700	-$999,919 -$214,942	$1,594,839
29	$2,950,200	-$1,051,904 -$225,690	$1,672,606
30	$3,097,700	-$1,106,479 -$236,974	$1,754,247