Wisconsin Lottery

WILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(7.65%)	$1,017,450
Net Lumpsum Payment	$7,401,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$33,391	$281,260
2	$458,316	-$129,907 -$35,061	$293,348
3	$481,226	-$138,384 -$36,814	$306,028
4	$505,296	-$147,290 -$38,655	$319,351
5	$530,555	-$156,636 -$40,587	$333,332
6	$557,090	-$166,454 -$42,617	$348,019
7	$584,930	-$176,754 -$44,747	$363,429
8	$614,191	-$187,581 -$46,986	$379,624
9	$644,902	-$198,944 -$49,335	$396,623
10	$677,150	-$210,876 -$51,802	$414,472
11	$710,993	-$223,398 -$54,391	$433,204
12	$746,547	-$236,553 -$57,111	$452,883
13	$783,870	-$250,362 -$59,966	$473,542
14	$823,078	-$264,869 -$62,965	$495,244
15	$864,229	-$280,095 -$66,114	$518,020
16	$907,439	-$296,083 -$69,419	$541,937
17	$952,795	-$312,865 -$72,889	$567,041
18	$1,000,442	-$330,494 -$76,534	$593,414
19	$1,050,467	-$349,003 -$80,361	$621,103
20	$1,102,986	-$368,435 -$84,378	$650,173
21	$1,158,144	-$388,844 -$88,598	$680,702
22	$1,216,057	-$410,271 -$93,028	$712,758
23	$1,276,841	-$432,762 -$97,678	$746,401
24	$1,340,699	-$456,389 -$102,563	$781,747
25	$1,407,718	-$481,186 -$107,690	$818,842
26	$1,478,130	-$507,238 -$113,077	$857,815
27	$1,552,022	-$534,579 -$118,730	$898,713
28	$1,629,626	-$563,292 -$124,666	$941,668
29	$1,711,116	-$593,443 -$130,900	$986,773
30	$1,796,666	-$625,097 -$137,445	$1,034,124