Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 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 Fri Jun 27, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 27, 2025	$348,000,000	$155,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$155,500,000
Federal Tax(24%)	$37,320,000
Additional Federal Tax	$20,175,330
State Tax(7.65%)	$11,895,750
Net Lumpsum Payment	$86,108,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,237,748	-$1,898,297 -$400,688	$2,938,763
2	$5,499,792	-$1,995,253 -$420,734	$3,083,805
3	$5,774,712	-$2,096,974 -$441,765	$3,235,973
4	$6,063,552	-$2,203,845 -$463,862	$3,395,845
5	$6,366,660	-$2,315,995 -$487,049	$3,563,616
6	$6,685,080	-$2,433,810 -$511,409	$3,739,861
7	$7,019,160	-$2,557,420 -$536,966	$3,924,774
8	$7,370,292	-$2,687,338 -$563,827	$4,119,127
9	$7,738,824	-$2,823,695 -$592,020	$4,323,109
10	$8,125,800	-$2,966,876 -$621,624	$4,537,300
11	$8,531,916	-$3,117,139 -$652,692	$4,762,085
12	$8,958,564	-$3,274,999 -$685,330	$4,998,235
13	$9,406,440	-$3,440,713 -$719,593	$5,246,134
14	$9,876,936	-$3,614,797 -$755,586	$5,506,553
15	$10,370,748	-$3,797,507 -$793,362	$5,779,879
16	$10,889,268	-$3,989,360 -$833,029	$6,066,879
17	$11,433,540	-$4,190,740 -$874,666	$6,368,134
18	$12,005,304	-$4,402,293 -$918,406	$6,684,605
19	$12,605,604	-$4,624,404 -$964,329	$7,016,871
20	$13,235,832	-$4,857,588 -$1,012,541	$7,365,703
21	$13,897,728	-$5,102,490 -$1,063,176	$7,732,062
22	$14,592,684	-$5,359,623 -$1,116,340	$8,116,721
23	$15,322,092	-$5,629,504 -$1,172,140	$8,520,448
24	$16,088,388	-$5,913,034 -$1,230,762	$8,944,592
25	$16,892,616	-$6,210,598 -$1,292,285	$9,389,733
26	$17,737,560	-$6,523,228 -$1,356,923	$9,857,409
27	$18,624,264	-$6,851,308 -$1,424,756	$10,348,200
28	$19,555,512	-$7,195,870 -$1,495,997	$10,863,645
29	$20,533,392	-$7,557,685 -$1,570,804	$11,404,903
30	$21,559,992	-$7,937,527 -$1,649,339	$11,973,126