Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(7.65%)	$14,022,450
Net Lumpsum Payment	$101,496,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$454,804	$3,330,307
2	$6,242,580	-$2,270,085 -$477,557	$3,494,938
3	$6,554,630	-$2,385,543 -$501,429	$3,667,658
4	$6,882,480	-$2,506,848 -$526,510	$3,849,122
5	$7,226,525	-$2,634,145 -$552,829	$4,039,551
6	$7,587,950	-$2,767,872 -$580,478	$4,239,600
7	$7,967,150	-$2,908,176 -$609,487	$4,449,487
8	$8,365,705	-$3,055,641 -$639,976	$4,670,088
9	$8,784,010	-$3,210,414 -$671,977	$4,901,619
10	$9,223,250	-$3,372,933 -$705,579	$5,144,738
11	$9,684,215	-$3,543,490 -$740,842	$5,399,883
12	$10,168,485	-$3,722,670 -$777,889	$5,667,926
13	$10,676,850	-$3,910,765 -$816,779	$5,949,306
14	$11,210,890	-$4,108,360 -$857,633	$6,244,897
15	$11,771,395	-$4,315,747 -$900,512	$6,555,136
16	$12,359,945	-$4,533,510 -$945,536	$6,880,899
17	$12,977,725	-$4,762,089 -$992,796	$7,222,840
18	$13,626,710	-$5,002,213 -$1,042,443	$7,582,054
19	$14,308,085	-$5,254,322 -$1,094,569	$7,959,194
20	$15,023,430	-$5,518,999 -$1,149,292	$8,355,139
21	$15,774,720	-$5,796,977 -$1,206,766	$8,770,977
22	$16,563,535	-$6,088,838 -$1,267,110	$9,207,587
23	$17,391,455	-$6,395,169 -$1,330,446	$9,665,840
24	$18,261,245	-$6,716,991 -$1,396,985	$10,147,269
25	$19,174,090	-$7,054,744 -$1,466,818	$10,652,528
26	$20,133,150	-$7,409,596 -$1,540,186	$11,183,368
27	$21,139,610	-$7,781,986 -$1,617,180	$11,740,444
28	$22,196,630	-$8,173,083 -$1,698,042	$12,325,505
29	$23,306,580	-$8,583,765 -$1,782,953	$12,939,862
30	$24,471,830	-$9,014,907 -$1,872,095	$13,584,828