Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 13, 2025 is estimated to be $110 Million, with a cash option of 49.4 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 May 13, 2025

Draw Date	Jackpot	Cash Option
Tue May 13, 2025	$110,000,000	$49,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,400,000
Federal Tax(24%)	$11,856,000
Additional Federal Tax	$6,382,330
State Tax(7.65%)	$3,779,100
Net Lumpsum Payment	$27,382,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,655,610	-$572,906 -$126,654	$956,050
2	$1,738,440	-$603,553 -$132,991	$1,001,896
3	$1,825,340	-$635,706 -$139,639	$1,049,995
4	$1,916,640	-$669,487 -$146,623	$1,100,530
5	$2,012,450	-$704,937 -$153,952	$1,153,561
6	$2,113,100	-$742,177 -$161,652	$1,209,271
7	$2,218,700	-$781,249 -$169,731	$1,267,720
8	$2,329,690	-$822,316 -$178,221	$1,329,153
9	$2,446,180	-$865,417 -$187,133	$1,393,630
10	$2,568,500	-$910,675 -$196,490	$1,461,335
11	$2,696,870	-$958,172 -$206,311	$1,532,387
12	$2,831,730	-$1,008,070 -$216,627	$1,607,033
13	$2,973,300	-$1,060,451 -$227,457	$1,685,392
14	$3,122,020	-$1,115,478 -$238,835	$1,767,707
15	$3,278,110	-$1,173,231 -$250,775	$1,854,104
16	$3,442,010	-$1,233,874 -$263,314	$1,944,822
17	$3,614,050	-$1,297,529 -$276,475	$2,040,046
18	$3,794,780	-$1,364,399 -$290,301	$2,140,080
19	$3,984,530	-$1,434,606 -$304,817	$2,245,107
20	$4,183,740	-$1,508,314 -$320,056	$2,355,370
21	$4,392,960	-$1,585,726 -$336,061	$2,471,173
22	$4,612,630	-$1,667,003 -$352,866	$2,592,761
23	$4,843,190	-$1,752,311 -$370,504	$2,720,375
24	$5,085,410	-$1,841,932 -$389,034	$2,854,444
25	$5,339,620	-$1,935,990 -$408,481	$2,995,149
26	$5,606,700	-$2,034,809 -$428,913	$3,142,978
27	$5,886,980	-$2,138,513 -$450,354	$3,298,113
28	$6,181,340	-$2,247,426 -$472,873	$3,461,041
29	$6,490,440	-$2,361,793 -$496,519	$3,632,128
30	$6,814,940	-$2,481,858 -$521,343	$3,811,739