Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(7.65%)	$14,267,250
Net Lumpsum Payment	$103,267,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$510,071	$3,730,182
2	$7,001,172	-$2,550,764 -$535,590	$3,914,818
3	$7,351,142	-$2,680,253 -$562,362	$4,108,527
4	$7,718,832	-$2,816,298 -$590,491	$4,312,043
5	$8,104,685	-$2,959,064 -$620,008	$4,525,613
6	$8,510,030	-$3,109,041 -$651,017	$4,749,972
7	$8,935,310	-$3,266,395 -$683,551	$4,985,364
8	$9,382,297	-$3,431,780 -$717,746	$5,232,771
9	$9,851,434	-$3,605,361 -$753,635	$5,492,438
10	$10,344,050	-$3,787,629 -$791,320	$5,765,101
11	$10,861,031	-$3,978,912 -$830,869	$6,051,250
12	$11,404,149	-$4,179,866 -$872,417	$6,351,866
13	$11,974,290	-$4,390,818 -$916,033	$6,667,439
14	$12,573,226	-$4,612,424 -$961,852	$6,998,950
15	$13,201,843	-$4,845,012 -$1,009,941	$7,346,890
16	$13,861,913	-$5,089,238 -$1,060,436	$7,712,239
17	$14,554,765	-$5,345,593 -$1,113,440	$8,095,732
18	$15,282,614	-$5,614,898 -$1,169,120	$8,498,596
19	$16,046,789	-$5,897,642 -$1,227,579	$8,921,568
20	$16,849,062	-$6,194,483 -$1,288,953	$9,365,626
21	$17,691,648	-$6,506,240 -$1,353,411	$9,831,997
22	$18,576,319	-$6,833,568 -$1,421,088	$10,321,663
23	$19,504,847	-$7,177,124 -$1,492,121	$10,835,602
24	$20,480,333	-$7,538,054 -$1,566,745	$11,375,534
25	$21,504,106	-$7,916,850 -$1,645,064	$11,942,192
26	$22,579,710	-$8,314,823 -$1,727,348	$12,537,539
27	$23,708,474	-$8,732,466 -$1,813,698	$13,162,310
28	$24,893,942	-$9,171,089 -$1,904,387	$13,818,466
29	$26,138,772	-$9,631,676 -$1,999,616	$14,507,480
30	$27,445,622	-$10,115,211 -$2,099,590	$15,230,821